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Develop a business model to scale your business
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Design a business model to get continuous money from a
satisfied customers
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Marketing strategy
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Release your product as early as possible
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Patent and Brand registration
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Customers Feedback as a positive way
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Create network of all customers
All Points In Details
1.
First of all, do some research that how your
customers get benefits from your product
Every business needs to do some research on
how their product is profitable to customers, how they will get more liquidity
and how their business growth. We also make research on how customer’s gross
margin is going to increase, how their revenue is increases and inventory
turnover also.
2.
Make your cash flow positive
As a business owner, you have a
need to balance your income with your expenses. This income and expenses pattern
itself known as cash flow. Negative cash flow will shut down your business
permanently. And therefore maintain your business cash flow positive. What do
you mean by positive cash flow, it means your revenue is more than your
expenses.
CASH FLOW = SALE AMOUNT –
PURCHASE AMOUNT – EXPENSE AMOUNT
CASH FLOW = 1,00,000 – 50,000 –
10,000
CASH FLOW = 40,000
This indicates your business cash flow is positive.
3.
Expand your business with profit
margin in any way
Many business owners give a very big discount on their product to attract more
customers and because of that your profit margin is almost zero, please don’t do
this with your business, it makes your business to shut down. Do your business
always with some profit margin.
4.
Trained your manpower very well
If you have started any business, means you have very much knowledge about your
business. To increase your productivity and sales you have to train your
employees as you.
Think that, if your employee can do all your works very well means you are
totally free to do another type of business. And therefore manpower training is
very important.
5.
Develop a business Model to Scale
your business
Whenever you start a business, your business model contains a plan on how to
open new branches, and where the branch location.
6.
Design a business model to get
continuous money from a satisfied customers
When you sell any product to customer, provide any other services or other
products related to their business and get more money continuously from them.
This will make your cash flow running very healthy.
7.
Marketing Strategy
Very important thing about
marketing of your product is to focus on any single vision such as your product
is a new product in the market, your product is the best problem solver, your
product is best in the market, your product is the cheapest one, your product
has maximum features, your product is most reliable, your product is most
prestigious and last your product is convenient one.
8.
Release your product as early as
possible
Release your product in market as early as possible. If you wait for right time
and someone release product in your product category then you will loose all
your product value and you never get such fame for your product. So frankly
speaking release your product without waiting the right time.
9.
Patent and Brand Registration
If you designed a product who doesn’t have any competitor or this type of
technology is not available then secure your brand and patent that no one make a
production without your permission.
10.
Take a customers feedback in a
positive way
The important thing is that
listen all the customers feedback and solve it as soon as possible because
customer wants to solve their query by yourself and therefore he is querying
you, if he doesn’t like your product or service then he will look for another
product or service provider.
11.
Create network of all customers
On facebook there is a complete
network of different types of businesses, groups and peoples. Just like
facebook, you have to create a network of all these different types of customers
and their businesses.
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