Ways to Grow Your Business Detroit MI

It can be difficult enough to grow, expand and maintain a healthy business in a strong economy. When the market turns sour, it can spell disaster for the small business owner conscious of cost. Here are three simple steps you can take to keep your business expanding, even when the going (or growing, in this case) gets tough.

Michigan SBTDC
(586) 469-5118
1 S. Main Street, 7th Floor
Mt. Clemens, MI
 
IMC Consulting
(313) 831-2267
1231 Selden St
Detroit, MI
 
Emerging Enterprise Group Inc
(313) 963-1003
2727 2nd Ave
Detroit, MI
 
DEX Design Associates
(313) 833-7283
41 Burroughs
Detroit, MI
 
Kpmg Kaleidoscope Media Group Inc
(313) 596-7700
535 Griswold St
Detroit, MI
 
Evans Consulting Services LLC
(313) 871-7238
7430 2nd Ave
Detroit, MI
 
Cb Global Info Consultants
(313) 896-1264
2211 Pingree St
Detroit, MI
 
Kc Consulting LLC
(313) 961-3950
2727 2nd Ave
Detroit, MI
 
Data Consulting Group Fax
(313) 566-0184
965 E Jefferson Ave
Detroit, MI
 
E Business Consulting LLC
(313) 963-0737
1 Woodward Ave
Detroit, MI
 

Ways to Grow Your Business

It can be difficult enough to grow, expand and maintain a healthy business in a strong economy. When the market turns sour, it can spell disaster for the small business owner conscious of cost. Here are three simple steps you can take to keep your business expanding, even when the going (or growing, in this case) gets tough.

1. Reward Customer Loyalty. When looking to branch out, focus on your existing customers-they already know and trust you. The truth is that it's easier and far cheaper to increase business from existing clientele than to rope in new prospects. Offer your loyal customers new or additional products and services relating to an existing offer-then reward that same trust and loyalty by offering these services at a reduced rate. Also, consider offering discounts on existing services for the referral of new business prospects, in lieu of additional incentives.

2. Get More Bang from Your (Marketing) Buck. If you're aiming to keep your sales soaring without significantly increasing your advertising expense, buckle down when it comes to negotiating without advertisers. Remember that economic downturns affect advertisers substantially too. Use this downswing to your advantage and agree on a fair, yet discounted price. If the price is set in stone, you might request a larger ad for the same money.

3. Good Publicity on the Cheap. Strike out and launch your own PR agency in the interest of your existing business.

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