Technological developments are increasingly dynamic and fast to have a real impact on the business sector. In recent years, online businesses more lively with the emergence of e-commerce that allows consumers.
For that, there are a few things to note activists online business to succeed in the 2017’s. Here’s his review:
1. Stay “Up to Date”
The rapid development of technology sometimes makes some people behind. As a businessman, you have to stay on top of emerging developments and follow trends. Most industries are affected by not only new technologies, but the continuous updates to the existing technology. With easy access and information, customers tend to be informed about the latest developments. As a marketer, you will need to compete with competitors or you will be ignored by customers. To help your audience and make your customers see you as an industry leader, you have to be ahead of the game. Innovation and new ideas will set you apart from competitors.
2. Set the Weekly and Daily Achievements
Many businesses take advantage of a variety of setting goals to keep the team and the company remains on track to achieve important goals. Therefore, set and track goals more quickly to improve employee morale and productivity. With the weekly update, you will let employees know that you care about their progress and not just the finished product. This gives them the opportunity to ask questions in a timely manner, thereby improving the overall quality of the project.
3. Take More Risks
Sometimes, in order to take the business to the next level, you need to take risks. This is what has been done Tim Westergren, founder of Pandora Radio, one of the top music streaming sites. When the company ran out of money in 2001, Westergren has the option to release or continue to do business. He decided the latter, but the next few years is the time it was not easy. He finally lowered the salaries of nearly 1.5 million dollars over the next two years. Pandora saved by investment coming in 2004. If possible, you do not want to end up having to take the same risk as that of Westergren. But, as a businessman you need courage one of them to pay off debts.
4. Creating Personalized Priority
Today, you can not read about retail or ecommerce without passing through said personalization. Getting the right message to the right people at the right time has become even easier with data-driven marketing campaigns and segmented email lists. However, many companies still do not place a high priority on it. According to Dynamic Yield, 74% of online consumers are frustrated with the website when content such as offers, advertising, promotion has nothing to do with their interests.
5. Utilize Automated Software
In the era of digitalization, you can take advantage of software that is already applying for automation in doing the job. These devices are needed in the social media to track customers, relationship management and accounting, many of the tasks in your business that can be done automatically using the software to free up more of your time. By using these devices has led to time savings, more consistent customer experience and enhanced marketing presence and level of passive income generated.