9 Keys to A Successful Business

Habilelabs
Aug 1, 2019 · 5 min read

By Payal Mittal

keys to a successful business
keys to a successful business
Keys to A Successful Business

The world of business is a bit mysterious, as at every stage of the business- from the very start-up to the building of an empire- one cannot feel sure about its consistency. Starting a business is tough, but ensuring its success is far more difficult. It is your vision and state-of-mind that will determine the future of your business.

According to you, what factors specify that a particular business setup will succeed or not? The answer is very simple, only one thing- Customers!! Next comes the Profit. So, the ultimate challenge is to create an audience. More the customers, higher the revenue-growth!! This journey from ‘Ordinary to Extraordinary’ is overwhelmingly hard but not impossible.

Here, I am providing ‘9 Important Keys to Make Your Business Successful’-

#1- Know Your Audience/ Customers

create your customer base
create your customer base

Once you get a customer base, you need to understand them, what do they want and how can your products benefit them and ease their lives. A business can only be sustained if its clients and customers are satisfied with its services. You should deliver the services which will meet their needs, that too, in a cost-effective manner.

#2- Quality at Fair Price

high quality features
high quality features

If your product is new in the market then you need to present various aspects to the customers regarding its quality and need in their life, which may take some time. The better and safe approach is to modify the already-accepted product, add some unique and high-quality features, lower the price and see the magic.

#3- Enhance Your Marketing Efforts

effective marketing strategies
effective marketing strategies

Convincing a customer is a tough task. The sales of your products or services considerably depend upon how effective your marketing strategies are. You have to reach the platform where you can easily connect to the customers. If your direct marketing tactics are not working then you should take an indirect approach which includes digital marketing and SEO.

#4- Keep Analyzing Your Competitors

track competitor activity
track competitor activity

Think and plan about ‘how can you provide better deals than others?’ and then start working on it.

#5- Trending & Demanding Products

#6- Improve Your Customer Services

improve customer services
improve customer services

Customer Services are the front-face of every business which shows its originality. If your customer-support-end is not quick-responsive and functional, it will affect your business to a great extent. You should be focused upon providing better services to your customers so that they will look forward to you next time instead of your competition. If you can keep your customers happy and satisfied, it will be a truly great achievement.

#7- Strengthen Your SEO & Digital Marketing Side

strengthen your seo and digital marketing
strengthen your seo and digital marketing

If your business is completely online then you should work towards its Search Engine Optimization. Create your business pages on various social networking websites such as Facebook, Instagram, LinkedIn, etc., respond to the customer’s inquiries and post regular updates there. It will channelize the users to your website which will further improve your google ranking and eventually enhance the sales.

#8- Be Ready to Take Estimated Risk

#9- Team-Work & Collaboration

enhance productivity with genuine collaboration
enhance productivity with genuine collaboration

Team-work leads towards brilliance. A proficient team enhances the efficiency and productivity of a business. When you would be failing, your talented and trustworthy team will be there to share your burden. A single ‘I’ cannot manage the whole business and its employees; you need a strong team to work together with genuine collaboration to achieve a common goal. When a solo mind fails, the team-effort wins.

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Habilelabs

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Technology Assets

An active Medium Publication to share insights about the latest technologies and ideas about business & start-ups.

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