On one hand, I have friends who have tremendous success creating the product first. The tradeoff being tremendous effort and time but they usually get clients. It seems like most of history and the world operated like this too. Build the product and then continuously market.
On the other hand, I have YC and Silicon Valley pushing the idea of paper MVPs and wizard-of-oz MVPs that allow me to release something quickly, but it’s extremely barebones and shitty. How can a consumer be ok with these kinds of MVPs and how much integrity is lost on actually testing the product by releasing in such a reduced form.
I just feel like the fail-fast MVPs can miss a lot of the product vision in the name of speed. I mean what would apple be if they decided to hastedly release a crap phone or what would Ford be if the model T was tremendously shitty.
I am very confused by the conventional advice of fail fast, because it does not feel right. Anyone have any anecdotes or counterpoints ? I honestly can’t think of any idea that was a “fail fast” idea. Also with this method, I feel like I’m cycling through too many ideas and instead of an entrepreneur I feel like a crazy man with a new idea every month that I’m trying out.
If I had a dollar for all the calls, emails, Facebook messages that I received from startups and would-be entrepreneurs saying “I’ve got a fantastic idea for an app – I just need someone to build it”, then I would be the millionaire. Usually, the next thing to come out of the mouth of this naïve soul would be “It won’t take much just….” Insert here anything from a program that creates virtual sparkly unicorns that deliver your text messages to an app that takes a photo and 3D prints a mini Nintendo character with your face on it. Not to quash the dreams of the new crop of would-be startup entrepreneurs, but there is a whole lot more involved in building an app or software than first impressions suggest. Also, more often than not, it is significantly more expensive than it first appears.
Everything is digital these days and the digital transformation is reshaping each and every industry across the world. For many years, there has been an immense surge in number of online users. And so, businesses with an online presence are able to get global traction quickly and easily.
Also, people nowadays expect to see business online to know more about that particular company. And also, to do some research about the products and services that the company offers before they make their purchase.
Therefore, businesses must have a robust online presence these days in order to grab the opportunity for building a strong customer base and for gaining a competitive edge.
Understanding this, many businesses both small and big have found a way online to connect with their target audience globally. But, not all of those entrepreneurs who venture into the online industry and who move their businesses online succeed in engaging users and in enhancing their brand awareness. So, eventually, they might fail to beat the main players in the online industry. And thereby, fail to accelerate the sales growth of their online businesses.
This is mainly due to the lack of meticulous planning and not knowing about some successful tips and factors that are significant to make the online business thrive. Therefore, the proprietors who are looking to plunge into the online industry and those who want to grow their online businesses in this digital era must know some online business-enhancement ways and profitable growth hacks.
If you are one among those aspiring entrepreneurs striving to launch your own lucrative online business in 2020, then this blog is for you.
In this blog, we are going to see key strategies and successful tips to grow businesses online; some trends to leverage in order to be successful in the online business venture in 2020. We will be also seeing why you can use an online solution to create a professional online presence for your business.
Successful tips to grow your online business in 2020
Irrespective of the size of online business, niche, etc, there are some significant factors that will work effectively for online businesses to attain tremendous growth within a short span of time. Now, we are going to see those key concepts and tricks that will help you in building your online business.
Build a strong online presence
An online business without an effective online presence will fail to get the lucrative opportunities to beat the competitors and to stand out from the crowd. A robust online presence will build a positive image for your business and will boost your sales. This is because a professional website can attract prospective users and will allow you to grow your customer base.
So, have a powerful online presence and showcase your services and products in a better way. Only then your customers will prefer to come to your online platform whenever they are in search of any product or service.
Know your customers
Customer expectations vary over time and so by only understanding your customers and their requirements, you can easily develop your services and products that best meet the market demands and your user needs. Knowing your users will also help you to take the necessary steps to enrich their experience on your online platform.
Build trust with customers
Building trust among your customers is essential to promote your business growth. Customers will be more likely to use the online platform that they trust. Most of the online businesses do a mistake by replicating what others are doing in their niche market. Such as coping the online business model, features, functions, marketing approach, technologies, and so on.
These activities will make you inauthentic in your online business sector. And, will definitely make your customers lose confidence in your business. So, it is the smart move to take those core ideas and develop a unique online platform that fits your online business concept and needs.
Connect with your audience
It is important to win your customers’ hearts in order to elevate your online business. So, steps should be taken to make target users feel more special and valued. This is possible only by providing the best customer service.
Your users must be able to get immediate responses to their problems and queries as required. Therefore, pay more attention to include effective communication channel in your online platform. So that you can allow your customers to reach you instantly whenever they are in need.
Also, by interacting with potential buyers, you can gain valuable insights about your customers. So that you take steps to improve the quality of your services to meet their expectations. You can also encourage your users to leave feedback and ratings for your products. This will help you greatly to know the areas that need improvement.
Know what works
Learning from your competitors is the best way to know what works and what doesn’t works for your online business. Analyze the strategies that work well for the competitors. And, check out how they are implementing those to grab the attention of users.
This will help you to enhance your online business operations to face the cutthroat competition in your online business venture.
Open ways to scale up your business
Expanding your online business operations is the best way to impress your users in the long term. So, your online platform must be flexible enough to include additional features and functionalities in the future. Therefore, you can streamline your online business processes easily.
Thereby, you can also incorporate various beneficial revenue-generating factors into your online platform.
I hope you can now understand some crucial strategies to promote online business growth in this digital era. So, consider these successful tips and grow your online business. Also, there are some growth trends that you need to know in order to run a successful online business. Let us see those now.
Growth trends to survive the fierce competition in the online industry
Optimize digital strategy
If you want to run a profitable online business, it is not enough to get potential customers on your website. You must convert those leads and increase sales on your online platform.
Therefore, conversion optimization is important. And, for this, you can focus on enhancing your online presence and improving your multi-channel marketing activities. By this, you can uniquely position your online business and drive conversions on your online platform.
Preference for convenience
Customers of today prefer to buy and get everything from the comfort of their homes without any hassles. So, they will be more likely to make use of the online platform that offers them a convenient online shopping experience.
So, the online businesses that provide ultimate comfortableness for the users while getting products and services will thrive in the current market trend.
Make the most out of trending technologies
If you want to get ahead of others in your online business sector, you need to stay up to date with the latest technologies and keep track of the customer interest in the emerging trends. So, include those modern functionalities and features that the user wants from your online business and surprise them.
Create personalized experience
Personalization is the key to attain success in your online business venture, So, it is essential to leverage personalization technology. Thereby, you can provide rich experience to the users on your platform. You can gather and analyze the behavior, previous actions, and other personal data of buyers and visitors on your online platform.
This will help you to personalize the customer experience by tailoring the site performance to your user needs. Thereby, you can have a personal connect with your users.
From the above sections, it is very much clear that only by following some successful tips, and by building a powerful and full-fledged online platform, you can reach entrepreneurial goals in your online business venture. But, how to build such a feature-rich and attention-grabbing online platform?
Build a spectacular online presence with ready to use online solution
For developing your own visually stunning online platform for your business, I would suggest you to utilize a readymade online solution that is pre-built with significant features and functions. This is because developing an app or site from scratch will cost you more resources and time.
So, if you want to develop a striking online platform within your budget, then go for a ready to use online solution. Also, pay more attention while picking a felicitous online solution for your business. Because all the readymade solutions available will not best fit your online business model and varying business requirements.
So, choose the most appropriate online solution with an unrivaled performance that suits your varying online business needs.
Also, with a scalable online solution, you can easily include required, innovative features and functionalities in the future. So, go for a unique and dynamically adaptable online solution to materialize your online business dreams
I hope you can understand the successful tips and factors that are needed to be considered for running a lucrative online business. Also, as said in the above section, it will be a very good idea to use a ready to use online solution that fits your online business type in order to give life to your online business dreams by creating a strong online presence.
You can get such an apt solution for your online business only from a well-known online solution provider like Appkodes. Appkodes has been delivering optimal clone solutions for diverse online business verticals over the years. The online solutions are rigorously built with significant functions, responsive design, and the latest technologies to show unmatchable performance across various platforms. Therefore, reach Appkodes and discuss your fresh online business concepts with their team of experts and get shine in your online business venture.
The post Key ways and strategies to build a successful online business appeared first on Appkodes.
We all need to build. Some build physically, others virtually. Innovation never stops, and this year Oslo Innovation Week is bringing it to you, wherever you are. That’s right – this year, they are going digital! You’re invited to Oslo Innovation Week 2020 You could be a founder building a growth company, or an investor…
Hey guys. Like many of us, our team is now 100% remote. Most of us love it, but I’ve noticed that our company culture has gone down. We used to be a close team – have good banter, go for beers or have our foosball tournament. At the moment none of that is around. What do you do to build and maintain your company culture working remotely? Have you done some remote team-building activities? Any ideas and suggestion appreciated. Thanks.
As any startup grows, getting new products out the door and securing that next round of funding are always top priorities.
But security, all too often, falls by the wayside. After all, why would you invest money in something that you hope never happens when you could be funneling cash back into the business?
Fostering a corporate culture that embraces cybersecurity best practices keeps customer data safe and your company’s reputation intact. But security isn’t something you can easily tack on later. It must be ingrained in your company’s culture, and it’s so much easier to start in the early days of your company than scrambling in the aftermath of a data breach.
But how do you get there?
Bugcrowd helps companies dip into a huge pool of cybersecurity talent — including hackers and security researchers — to find vulnerabilities. By helping companies identify flaws, they can shore up their defenses before malicious hackers break in. Few know better than Ellis — who’s run Bugcrowd for close to a decade — which policies, procedures and protections companies have put in place to get there.
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