"If only things would just stay the same I could
soldier on without continuously having to learn new things. Then I could get a
better grip of my business!"
Is that what you think?
If so, I completely understand. Ever since I became
involved with a computer and online marketing, there are days when I say,
"When will this ever end?"
But that's progress, right.
Have you heard of the "S" Curve of Economics?
It is all about building your business and the bottom starts out slowly. Then
as you accelerate your business and sales increase, you experience a rapid
growth period. When you reach the top of the "S" curve, if you do
nothing to expand your business with new ideas and innovations, your business
sales will level off and start to drop.
Is your business starting to drop off and you cannot
figure out why? You are doing everything the same as before, perhaps even
stepping up with your customer service, but those sales just don't seem to be
the same as before.
Would you like to increase your sales and avoid the
"drop" at the top of your "S" curve?
Here is an example of what you can do to re-invent your
business.
Your sales have been going great, but now have started to
drop off. Check your products and services. Which ones are still going strong
and which ones are dropping off in sales? Perhaps you need to eliminate those
that are no longer selling and replace them with new more innovative ideas.
No, it is not you that is causing the drop in sales. It is just economics, where your competition
is going and what is new in the market that will better help your clients.
Sometimes you just need to take a look at your client
demographics. Who buys from you? Has that demographic changed? If so, then you
need to bring in more ideas to serve your primary demographic.
If the Boomers have been using your products and services
more and more, perhaps you need to target them more. If you see that the
younger generation is your primary clientelle, target them. Get my drift?
Another thing that you can do is see what your primary
clients are needing now.
When I first started my business, I just did LinkedIn. Of
course I knew how to use the other platforms, but I realized that there was a
need for someone to specialize with LinkedIn. As there did not seem to be many
professionals out there who really knew how to exploit every aspect of
LinkedIn, I saw a need and filled it.
I still do my LinkedIn coaching, however, I have realized
that most of my clients are not doing all the things that I have been teaching
them. So I started asking my past clients how I could help them further.
The results were amazing!
I was teaching them that they needed to be blogging and
posting on all their key social media 5 times a day. I even gave them an
outline of things that they could do. I left them with those ideas, but I saw
very few actually start posting anything.
Lightbulb moment! They needed someone to help them with
their blogging!
I have now added blogging and several new packages to my
repertoire.
Need help with your online marketing? Marketing
Mentress Packages
If you have some LinkedIn questions, I would love to hear
them and get back to you through my blog.
Make it a great day!
Christine Till
The
Marketing Mentress
Great article Christine .. Honoured to have worked with you!!
ReplyDelete