7 Business Growth W.O.W. Tactics for Increased Market Share
Below is a MRR and PLR article in category Business -> subcategory Customer Service.
7 Proven Strategies for Expanding Market Share
Ready to boost your business’s market share? Here are seven effective strategies to implement:
1. Rule 1-12-50
At the start of each month, focus on identifying 50 key or emerging customers. Engage them with meaningful, value-added communication to strengthen your connection and boost loyalty.2. Enhance Your Email Signature
Update your email signature to include the latest product or service information. This keeps recipients informed of new developments, deadlines, and announcements, fostering transparency and trust.3. Optimize Your Auto Responder
Incorporate product and service updates into your email auto responder. This ensures those who contact you first receive immediate information, promoting awareness and showcasing your offerings efficiently.4. Personal Touch with Hotel Letters
Take advantage of hotel stationary during travels. Write personalized notes to three important clients about pertinent topics, adding a touch of sincerity and personal care to your communications.5. Advocate Maintenance
Stay connected with your brand advocates. Engage them within a 30-day window through regular communication or thank-you events. This helps sustain and enhance the valuable service you provide.6. Impactful Newsletters
Create a content-rich newsletter for your core customers. Along with valuable insights, subtly introduce a product or service offering. Distribute these newsletters via various channels like invoices or proposals as part of your Rule 1-12-50 strategy.7. Strategic Fax Alerts
Send Friday afternoon faxes with updates on offerings that could impact your clients' bottom line. Ensure these recipients are part of your existing network and have consented to receive such communications to avoid the risk of spamming.Implement these tested strategies now and watch your business thrive!
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