Ways to Grow Your Business Winston Salem NC

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.

Winston-Salem State University SBTDC
(336) 799-7340
301 N. Main St., 9th Floor, Suite 921A
Winston-Salem, NC
 
Better Business Bureau
(336) 725-8348
500 W 5th St
Winston-Salem, NC
 
Kiger & Associates
(336) 750-0101
1975 Beach St
Winston-Salem, NC
 
Johnson West Associates
(336) 725-9465
245 N Hawthorne RD
Winston-Salem, NC
 
Fawky Abdallah Company Inc
(336) 765-6600
226 Cedar Trl
Winston-Salem, NC
 
Brogden Lucinda Consulting
(336) 245-2677
453 W End Blvd
Winston-Salem, NC
 
Estate & Retirement Consultants of The Carolinas
(336) 722-3236
380 Knollwood St
Winston-Salem, NC
 
Harrell Robert B and Associates
(336) 721-3322
203 S Stratford Rd
Winston-Salem, NC
 
Leadership Performance Systems Inc
(336) 774-0330
250 Executive Park Blvd
Winston-Salem, NC
 
Forsyth Management Group Limited
(336) 712-4600
120 Charlois Blvd
Winston-Salem, NC
 

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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