Home-based Business Management

Owning or managing a home-based business does not mean you don’t have to keep up with business growth strategies. Even in managing an online store, a small stall right in front of your home, or a home baking business requires one to keep improving, and to keep innovating.

Let us discuss some of the things you can do to grow your business, no matter how small it may be.

Know your market. You can’t please everyone, and you certainly can’t cater to each and everyone’s needs and/or wants. By knowing your market, you can focus on your clients better, and provide better services and products.

Go ahead and ask for referrals. Being in business means that there is absolute no room to be shy. You don’t just wait for your clients to put in a good word for you. Be proactive and ask your existing clients for referrals. This is fairly easy if you know you’re doing a good job and you’ve satisfied your customer, then ask if they know someone who will be interested in your products or services.

Take part in fairs, bazaars or trade shows. Just make sure you choose the ones you attend very carefully. Choose the ones that are relevant to the services or products you are offering. This way, you can be sure that the people who are attending are actually interested in what you have to offer.

Expand your reach. Don’t just stay put in one place. Extend your market reach by opening up other avenues where you can sell or can be reached. Post ads online if you have been marketing offline. Set up a new store in a different location. Reach out via Facebook or Twitter if you can. These are surefire ways to reach more people and gain more customers.

Keep improving. Be diverse. There will always be room for improvement, so keep an open mind and try to keep innovating. Join seminars or take classes to improve your current products or services offered. This way, you keep your clients satisfied and give them reason to keep coming back for more.

Comments

  1. Lovely Joy Merced says:

    Thanks for this article it’s very helpful especially for me, Im planning to start a small bussiness.

  2. Sherry says:

    I agree using Facebook and twitter is good can give your business more awareness to other people

  3. I’ve been wanting to join fairs and bazaars. Maybe this December I will do so.

  4. hi! 🙂 i’d say this post is so helpful especially to those who wants to start their own small business. im currently studying marketing management, and all the FACTS/strategies you stated above are exactly what a business person should do. all these and more can be found in Principles of Marketing by Philip Kotler and Gary Armstrong. it’s the book that we’re using in school. i think there’s also an ebook version. it’s easy to understand 🙂

  5. i got try it~

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