Ways to Grow Your Business Warren 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
 
Strategic Business Plans
(313) 368-9124
19264 Lamont St
Detroit, MI
 
Small Business Accounting & Computer Services Inc
(586) 274-9345
34770 Dequindre Rd
Sterling Heights, MI
 
Xzun Business Consultants LLC
(313) 267-0556
5555 Conner St
Detroit, MI
 
Evans Consulting Services LLC
(313) 871-7238
7430 2nd Ave
Detroit, MI
 
Small Business Accounting & Computer Services Inc
(586) 274-9345
7325 Bernice
Warren, MI
 
N S Consulting
(313) 526-9615
19333 Barlow St
Detroit, MI
 
Arrington Associates Consultants Corporation
(313) 579-9589
5555 Conner St
Detroit, MI
 
Abednego Environmental Services
(313) 824-4630
2101 Conner St
Detroit, MI
 
Ajaha Management Group
(313) 861-0370
18421 Woodingham Dr
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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