To grow your small business you must increase your number of clients. Here is a compilation of the several techniques that you can actively implement to help you grow your customer base.
One way to increase your business growth is to increase your number of clients. But first you must identify who your customers are and why they would buy from you.
You can define your target market by determining who is already selling to the clients you want to reach. Who has their respect, trust and goodwill? You can also list the benefits your product and/or services provide potential customers.
Next make a list of people who have a need or want for those benefits. You have just compiled a list of people who make up your target market. Now you need to grow your market. More customers will lead to higher profits and more business opportunities.
Step 1. Refer a friend – develop a referral program
A referral programme is the systematic way your business encourages existing clients to tell people about your product or service.
A marketing referral is defined as an act of referring a friend or acquaintance to receive the same product or service that was offered to you. In this way your small business acknowledges your client’s value and importance, while increasing your number of clients and increasing your business growth.
How to build a customer referral system?
Evaluate your current customer contact list: Segment your current customer list into predefined categories. Example: Males and Females. Males might prefer certain products that women would not appreciate being referred for. Narrow down your list by only including those customers you know value your business and would refer you without an incentive.
Keep your information organized and confidential by using a referral template: There’s a lot of tracking involved when receiving referrals from customers. The referral codes, contact details, demographics and financial status. To keep track of all this it might be necessary for you to implement an automated system. See resources below or choose an automated process, there are many automated email and website tools available.
Contact your customers for referrals: Always explain to a client the type of referral you’re looking for: ‘A like-minded individual, like yourself’. Give them a clear picture of who in their lives would benefit from your product or service.
Extend a total risk free, obligation free offer: Offer to consult their referral or let them sample your product, without expectation of purchase.
Be consistent and follow through: Call these customer referrals as soon as possible and provide them with the same courtesy and professionalism you deliver to your current customers.
Step 2. Use online advertising
Online ads have become a daily part of internet life. Social media ads can boost your business’s ranking in the Google search results page; increasing your customer base through online conversions. As a small business wanting to grow your clientele, you have many affordable online ad options available to you:
Advertise on Google: Google search ads are online ads that appear alongside the search engine results page when users search for something in Google.
Use Google Adwords to bid on certain keywords in order for clickable ads to appear in Google’s search results. You can advertise your business on Google by opening a Google Adwords account.
Advertising on Facebook: Facebook ads are very popular and in most cases highly effective. 79% of adults have a Facebook account. Your company’s ad will appear on the side columns of the Facebook website with a headline, copy and an image. Facebook advertising tips:
Twitter ads: Promoted tweets will let your tweets reach more people, effectively increasing your business’s visibility.
Use Google Display Network if you want to buy online Ad Space: This will enable you to capture people’s attention at different points of the buying cycle and you can choose more specifically where you want your ad to appear.
Step 3. Develop a social media strategy
Many small businesses have successfully used social media to grow their business and so can you. Create awareness of your brand and attract new customers by using social media to increase your business’s visibility.
Share information about your business by interacting with people on various social media platforms. Facebook is by far the most popular social networking site, though there are several other very useful ones for connecting with people. Popular social sites include Facebook, Linkedin, Pinterest, Twitter and Instagram. Decide which social media platform suits your brand identity and start sharing.
How do I develop a Social media Marketing Strategy for my small business?
Lastly, it’s important that you listen and learn from your social media strategy. Analyse, measure and evaluate your social media marketing efforts. Social listening, also known as ‘social monitoring’, is the process of identifying and assessing what is being said about your business. You want it to be positive.
Build testing capabilities into every action you take on social networks. Track page visits, bounce rates and marketing success. Most social networks have basic analytics built into the site, but you will benefit from reporting tools.
Social media marketing tips
Now that you’ve attracted your target audience you want them to convert into customers. Do this by implementing risk reversal tactics.
It’s human nature to avoid the risk of pain; the risk of losing money or looking foolish. For your business to develop and grow you should make it as easy as possible for people to say ‘Yes’ to becoming a customer. Do this by taking away the financial, psychological or emotional risk factors.
Implement risk reversal strategies to lower a customer’s barrier to action. People regret it far more when they take action and receive negative results, than when they take no action at all. Combat this inaction by taking away the risks.
The more risk you eliminate the more pain you remove. This will result in an increased customer base. Risk reversal gives people a feeling of security and control and helps them decide to act immediately without fear or concern.
Type of effective risk reversal techniques:
How to make people like you, by Dale Carnegie.
How to win people over to your way of thinking, by Dale Carnegie.
Increasing your number of clients can be challenging, but the reward far outweighs the challenges. Implement above strategies and techniques to give you a boost over the competition. Remember to fall in love with clients, not your business or product/service.
Clients only care about what’s in it for them. Remove pain and demonstrate how your product can benefit their lives. Once they’ve become a committed customer ask for referrals.