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4 Easy Ways to Promote Your Business

StrategyDriven Online Marketing and Website Development Article, 4 Easy Ways to Promote Your Business

No matter how excellent your product or service may be, it is impossible for you to achieve success as a business owner without customers. Competition in today’s market is fierce, and it can be difficult to set yourself apart from your competitors. Use these methods to promote your business and attract new clients.

Give Customers Vehicle Magnets with Your Logo

Most people love to receive free stuff, and you should take advantage of this fact in promoting your business. Use a company that sells custom vehicle magnets Austin TX and order a few hundred of them with your company’s logo. Then, when customers come in, give each one a magnet. As long as they have a good opinion of your business and you have an attractive logo, they will be inclined to put the magnet on their cars. People driving behind them in traffic or walking past their cars in the parking lot will notice the magnet and look up your business, and you will start to see new customers come through the door.

Advertise on Social Media

Many of your potential customers spend more time scrolling through Facebook, Twitter and Instagram on their phones than they do watching TV or reading a newspaper. For just a few dollars, you can create an ad campaign that will target social media users in your general area. You can even customize your target demographics, so that people in a certain age range are more likely to see your ad.

Encourage Existing Customers to Help

Businesses with a large number of five-star reviews on Google, Yelp and other online platforms tend to attract more web traffic and higher numbers of new customers. One good way to get more people to rate and review your business is to offer a small incentive. For example, you could give each customer who completes a rating and review a $5 coupon or gift certificate.

Offer a Free Trial or Sample

Some of your potential customers have an interest in what your business has to offer, but would rather try your product or service before they buy. You can entice this subset of people by offering a free sample of your product or a chance to try out your service once for free.

Running and promoting a business at the same time demands lots of time and dedication. These strategies are easy and relatively inexpensive, and they will help you to attract new customers. Good luck with promoting your business!

A Fast – and Brutally Effective – Way to Make Your Organization More Innovative

StrategyDriven Innovation Article | A Fast – and Brutally Effective – Way to Make Your Organization More InnovativeStartups are good at innovation for many reasons, but the two most important ones are people and culture.

They attract people who are looking for a challenge and opt into taking risk in the pursuit of a potential, yet uncertain, upside. The successful ones create a culture that embraces problems as an opportunity to break the rules and find a better way. There are clear incentives to succeed and significant repercussions if you don’t – like losing your job. These organizations are often resource-limited, which creates an incredible focus on only doing what really matters.

They also fail at an incredibly high rate. According to the Startup Genome Project, more than 90 percent of startups fail. If you tried to do something with that failure rate at most established companies, you’d be fired. So what can you do?

One of the solutions that some larger companies have tried is to create an innovative startup within an existing business. This approach hasn’t had much success, as it’s far more complicated to implement than people think. These internal startups strive to be innovative, but tend to become more incremental. They’re limited by the people available to them and the culture of the parent organization.

The good news is that there’s a faster way to get innovation going: Eliminate all the jobs in your company with the title of vice president. This probably seems like a drastic step. But, if you want to innovate, you need to find the right people and create a culture that’s willing to embrace unconventional ideas and is unafraid of change. Keep in mind, culture isn’t defined by words; it’s the embodiment of your actions.

You can’t get serious about innovation until you’ve put these foundational pieces in place.

Substance over form

To get started, take your current organization chart and delete the vice president positions. You’ll still need some people to lead teams and organize work, but call these jobs what they really are: managers. If there’s an overlap between jobs with all the titles removed, it’s a great time to simplify things and get rid of any role that isn’t critical to achieving the goal. Fewer people results in a secondary benefit of smaller teams, which research has shown are much more innovative.

When you tell someone you’re eliminating their title, you’re forcing them to choose to derive their value from the work they do instead of what they’re called. You’re making them choose substance over form. If the title is so important that they can’t or won’t do their job without it, then they’ll get in the way of innovation. If they’re willing to quit over their job title, it’s highly unlikely they’ll embrace the culture required to pursue innovation and drive change. Innovation requires people that care more about what they do than what they’re called and can deal with the brutal truth.

Why target the VPs?

The VP title is a symbol of bureaucracy, which is the enemy of innovation.

According to the Merriam-Webster dictionary, a vice president is: “an officer next in rank to a president and usually empowered to serve as president in that officer’s absence or disability.”

That seems like an important role if something happens to the president, but if the U.S. government only needs one, why do companies need so many? They don’t, that’s the point.

It seems illogical that anyone would want the vice president title to begin with. You’re explicitly acknowledging that you’re not trusted to be in charge unless there’s an emergency. If you literally described the title on a business card it would read something like: “John Doe, Not really empowered.”

If someone wants that job, they’re not the right person to be on a team focused on innovation. You can’t have people waiting around to be empowered; they need to be motivated enough to empower themselves. In fact, if you’re going to pursue something that’s never been done before, you need people who are willing to hold themselves accountable for things outside their direct control.

As organizations evolve over time, you’ll likely be recruiting people from larger companies who feel they need titles to do their job. This is a warning sign that they’re not aligned with the innovation culture. You will hear the argument that titles are cheap; they don’t cost anything. But titles are more expensive than you can imagine; they can cost an organization its soul.

Beware of C-level fever

A new enemy in the title game is potentially more problematic than having too many vice presidents. In Russell Fleischer’s article for Fast Company, he talks about a “C-level fever” that’s not only affecting big companies, but startups as well. He points out that if everyone is a chief, no one really is.

Unlike vice presidents, the chief of something implies that someone is in charge, and when it comes to innovation, this can lead to two significant issues. Chiefs tend to like to make decisions, or at least to be consulted on decisions, which slow people down. They also tend to make themselves the focus of their team, when the focus needs to be on solving the next problem and finding the next idea. One of the keys to innovation is optimizing the people doing the work, not those sitting around talking about it. Limit the number of chief titles to those who need to be legally responsible (and potentially liable) for the actions of the company. When people understand that personal liability comes with the title, it tends to be an effective deterrent.

Innovation is hard, but only because we allow ourselves to make it complicated. Simplify your organization chart, find people who don’t need titles to feel empowered, and create a culture that insists on substance over form. You will be much more successful creating solutions to problems that other people believe can’t be solved.


About the Author

StrategyDriven Expert Contributor | Chuck SwobodaChuck Swoboda is Innovator-in-Residence at Marquette University, President of Cape Point Advisors and retired Chairman and CEO of Cree, Inc. He is co-inventor on more than 25 patents covering LEDs and lighting technology, and has over 30 years of experience in the technology business. Additionally, he is an author, speaker and host of the “Innovators on Tap” podcast. His new book is The Innovator’s Spirit: Discover the Mindset to Pursue the Impossible (Fast Company, May 5, 2020). Learn more at www.chuckswoboda.com.

Offshore Software Development: Reasons Why Outsourcing Is Beneficial For Startups

StrategyDriven Managing Your Business Article |Outsourcing| Offshore Software Development: Reasons Why Outsourcing Is Beneficial For StartupsOffshore outsourcing is a popular software development strategy in modern tech. From global corporations to nascent startups, more businesses consider looking for programmers abroad.

As a startup founder, you may be new to outsourcing and wonder why it has been so hyped lately. In this post, we will examine the benefits of choosing offshore mobile application development.

7 Reasons For Startup Owners To Outsource

The impact of outsourcing is especially evident for early-day startups that would otherwise struggle to hire skilled talent or complete their projects. Broadening the talent pool helps you get a fresh perspective on the project, ensure it appeals to international audiences, and, most importantly, cut development costs.

Let’s have a closer look at why startup owners should choose offshore application development services by examining their seven most impactful benefits.

1. Lower development costs

The startup field is highly competitive. According to statistics, out of all new businesses, only 10% make it past the early days. There are a lot of external factors you can’t control – the worldwide economic landscape, the demand for your service, or a powerful competitor that decided to penetrate the market.

To protect themselves from investments with no return, startup owners look for the cheapest ways to bring the project to the market and validate the idea.

The high potential of outsourcing as a cost-saver has to do with lower labor costs outside main tech hubs – US, EU, UK. Take a look at the average software developer salary in some countries worldwide:

  • US – $71,000
  • Germany – $52,600
  • South Africa – $23,750
  • Ukraine – $11,000

Data source: Payscale

The difference in salaries between American and Ukrainian developers is astonishing – thus, hiring professionals from regions with a lower median salary allows business owners to afford complex projects under a reasonable budget.

2. Flexibility

Hiring an in-house team is not the fittest strategy for a nascent startup founder – you will have people depending on you and salaries to pay. In case a project was not as successful as you had hoped, you’ll have to fire team members – that is definitely not a rewarding experience.

Similarly, if a project takes off unexpectedly and you lack the workforce to maintain it, expanding the team and filling in empty spots will be a time-consuming and expensive process.

Choosing outsourcing spares business owners all staffing trouble. Depending on your budget, ambitions, and the project’s performance you can scale the offshore development team up or down in just a couple of hours. Outsourcing teams typically have a pool of developers you can request anytime, without having to spend time on screening, interviewing, and onboarding hires on your own.

3. Higher personal efficiency

Managing a startup team is a full-time job that will not allow focusing on promotion, developing new product concepts, or researching the market. Instead, you will need to troubleshoot corporate misunderstandings, have regular conference calls, fill in tons of paperwork.

Outsourcing helps business owners stay focused on high-priority tasks – be it promotion, product design, or market research. An outsourcing team will be the one to manage the team, deal with taxation papers, and oversee product development.

4. Leveled playground

Small startup owners often struggle as they have to compete against well-oiled teams, with established toolsets, project management, and maintenance frameworks. While a business founder is finding his groove with the team, more experienced competitors build products much faster, maintain them better, are faster and more efficient in client communication.

By outsourcing, you can get experienced developers and project managers on board, while paying a junior developer salary. An offshore mobile application development team typically has years of product development experience, is familiar with the best industry practices and standards. Thus, by choosing to outsource, you decrease the quality gap between you and experienced competitors and ensure high user acceptance rates.

5. International perspective

Other than being a powerful time-and-cost-saver, outsourcing is a reasonable strategic decision for business owners targeting international audiences. By looking for developers abroad, you will be able to get different perspectives on the concept, make sure it resonates with people across the globe, and adopt the best of worldwide software development practices.

Outsourcing gives startup owners a better understanding of whether the product will get traction, which features are necessary according to international developers, and what some ways to market the product abroad will be. As a result, you will be more prepared to promote your product abroad and penetrate new markets.

Conclusion

At the end of the day, startup owners need to be mindful of how they allocate their budget and try to make the most out of every cent. Outsourcing is a lossless way to cut software development costs since you don’t compromise the product’s core features. Other than that, this model gives you flexibility, freedom, and a possibility to do what you do best, entrusting skilled professionals to handle software and mobile application development.

How to Organize Seamless Business Trips in 2020

StrategyDriven Practices for Professionals Article |Business Trips|How to Organize Seamless Business Trips in 2020One of the perks of working in a large company, with several senior responsibilities, is that it’s often left to you to travel to different destinations in order to hammer out contracts, seal deals, check up on suppliers, or help with your distribution network. These business trips are essential for the functioning of your company, and crucial to help you build your professional profile and wide set of skills and contacts. In this article, you’ll learn how to make business trips seamless, with the following easy-to-follow steps.

Diary

Get your schedules right before you look to book anything. You should know the key factors that feed into your trip, such as:

  • When do you have permission to leave the office on your trip?
  • Which methods of transport, in which classes, are you able to use?
  • When are your important meetings?
  • What else will you do in your destination, other than these meetings?

Only with the answers to these four questions can you make a solid plan, based on a diary of what you’ll be up to on your trip. From this point, you’ll be able to think carefully about the time of day that your travel, and the check-in times that you will cite to hotel staff.

Transport

While some business trips are across country, and it’s possible to take a train or a bus on that kind of route, it’s usually preferable to fly. Indeed, the vast majority of business trips – especially those that take travelers from coast to coast – are undertaken in the skies.

As such, it’s your responsibility to not only book your flights, but to book your transport to the airport. Use ParkON to book your parking space at the airport of your choosing, and use flight comparison websites to find the best rates on business class seating, ensuring that you’re getting a good deal for you and your company. You can also click Show More for further details on business and first-class flights.

Hotel

Where you stay should also be a central part of your considerations when it comes to your business trip. If you stay close to the locations of the meetings you’re likely to attend, you may be more likely to prolong these meetings, and more flexible to have a drink or a walk with colleagues and partners after the conclusion of the meeting.

Meanwhile, though, you want to ensure you get the right amount of sleep when you’re staying in a hotel, which means you should find those which are specifically business-friendly, and those which you can see are set up for single traveling adults, and not loud, noisy families.

Packing

Finally, all smart businesspeople know how to pack to impress. You need to look at your best when you arrive at the scheduled meetings – and certainly not like someone who has just spilled off a plane and hasn’t had a wink of sleep. Ensuring that you pack your suitcase in a smart way, to avoid creasing, is a deeply important element to the success of your trip – and should be treated with great care before you fly.

These tips are important for modern day business travelers who are looking to streamline and make seamless their business trip experience.

The Importance of Establishing Multiple Sources of Income

StrategyDriven Practices for Professionals Article |Multiple sources of income|The Importance of Establishing Multiple Sources of IncomeEstablishing a secure financial future can be challenging for people that aren’t aware of how to stabilize or diversify their income. If you’re trying to support your family, then having multiple sources of income can greatly help with the future. Unfortunately, most people don’t realize how they can establish several sources of income, or they find the idea daunting to say the least. So to help you out, we’re here to explain the importance of establishing multiple sources of income, and we’ll also show you how to get started.

Job security can be difficulty in uncertain times

Given recent global issues, it’s clear that there is no such thing as certain times in our lives anymore. Regardless of how safe you think your job is, you could lose it or end up with reduced work no matter your position. Entire companies can fold due to one or two stupid decisions by someone managing you, and it’s incredibly difficult to bounce back financially when you only have a single source of income. Having multiple streams of income means that you won’t be so reliant on a single job or salary, meaning you can protect yourself from financial ruin.

Locating business opportunities on the internet

You’d be surprised at the number of business opportunities available on the internet. Whether it’s job opportunities on social media or work listings on freelance websites, we highly suggest that you sign yourself up to social media and job boards to look for work requests and positions that need filling. However, it’s also a good idea to look for business opportunities such as looking for tenders. While tenders can be a lot more complicated, they do offer self-employed business owners and individuals with strong connections in the industry to find excellent business opportunities. However, if you don’t try to diversify your income, you won’t be able to take advantage of these unique opportunities in life.

Paying off your debts faster

Debts such as mortgages and student loans can weigh us down mentally. With the right approach, it’s possible to pay off those debts quickly by utilizing multiple streams of income. With more and more graduates leaving school with mountains of debt, it’s become incredibly important to try and pay off everything as soon as possible in order to secure your financial situation for the future. By establishing multiple sources of income, you can quickly pay off long-term debts without incurring massive amounts of interest.

Getting out of your comfort zone

Breaking from your comfort zone is a fantastic way to learn more about yourself. Taking risks, engaging in different jobs and generally diving deeper into the things you’re interested in can reveal a lot about you as a person. When you learn to diversify your income by taking on multiple jobs or setting up side hustles, it’s the perfect opportunity to chase your passions and grow your experiences and skills. If you stay in your comfort zone and refuse to adopt any changes, then it can be difficult to break out of the monotony of an unfulfilling career.

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