Customer referrals can be an effective way to tap into your current customer base and explore new revenue streams.
One question that I get asked a lot from clients (apart from ‘create me an awesome logo or website) is “How can I grow my business”….
When it comes to increasing your business growth, I have included 5 Ways to Grow Your Business that you should consider!
1. Turn your customers into salespeople.
Customer referrals can be an effective way to tap into your current customer base and explore new revenue streams. By setting up a simple “Rewards for Referrals” program, this will entice your customers to spread the word about the amazing work you do. For example, Lethal Graphics offer $250 cash reward for all successful referrals. Word of mouth still remains the biggest form of advertising today. If you are referred by a friend or family member to use a particular service, you are more likely to contact that business to enquire about their product or service. So work out how you can get your customers to become a walking / talking billboard for your business.
2. Learn how to delegate.
Delegation is the manager’s key to efficiency, and benefits all. In other words, in order to scale the business and increase growth, a CEO needs to learn how to delegate so he or she can focus on the company’s bigger picture issues.
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