Advertise on social media in a targeted manner
Facebook advertising offers targeting of people similar to you. Facebook will use your customer data to search its database for people who match your existing customers. These people can then be targeted with ads.
Facebook ads can also seamlessly be converted to Instagram ads through the Facebook Ads Manager. Instagram can be a powerful platform to sell and grow your business.
Targeting is one of the greatest benefits of social media. This is because you can set up your ads to ask criteria such as education level, financial status, ethnic affinity and location.
Your ad may not be seen by as many people as you would like if your criteria is more narrowed. However, you will get more people to your ad.
Don’t charge less, offer more
It is not a good idea to lower your price in order for you to be competitive, especially when you are competing against bigger companies with more money. Instead, you should beat them with superior service, product mixture, product knowledge, and post-sales support.
Be more competitive than your competitors
It’s easier for you to be competitive if the problem you solve is better than your competitors. Don’t focus on features but the benefits.
2021 promises that it will be a year of reconstruction. Think about how this affects your customers. How can you help your business to be more helpful in a new era? If you can provide your clients with more value than the competition you will succeed in the new century.
Diversify the markets that you serve
You might be able to try new markets if your current market isn’t doing well. Perhaps you can find success in the next community or by shifting your marketing focus. It is possible to find a new market if your market is too wide.
Customers ranked on key attributes
It is possible to know the names of your most important customers, particularly if they are small businesses that sell mostly to businesses and not to the general public. You can rank your customers based on one attribute. One way to increase past customers is to discover what products they like the most and create products that may be of interest to them.
