4 Solutions For Your Business Growth Problems

Posted on November 8, 2012

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There are several obstacles that can get between you and the growth of your business.  DaVinci Business Graphics gives you 4 different solutions for common problems you may experience while trying to expand your business. 

 

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Add Complimentary Products and Services

A common problem for growing businesses is an inability to attract a high volume of customers.  You can go about solving this problem a few different ways.  Firstly, try adding complimentary products and services to your business.  You don’t want to become a Walmart—offering everything and anything you can—but what you can do is start asking your customers what additional services or products they would like to see.

 

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Explore New Market Niches

Another way to help grow your business is by finding new applications for your existing products.  A simple gardening pot can be marketed as an interior décor item; new recipes can be invented for an existing food item; the possibilities are only limited by your imagination.

 

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Identify an Unmet Need in Your Industry

When listening to your customers or clients, look closely for this phrase: “If only they made/sold ____________.”  Your job as a business is to fill in the blank and provide it.  And the good news is that if you can find a way to fill that need, breakout sales are virtually guaranteed.

 

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Let Others Sell Your Private-Label Products

By allowing distributors, wholesalers, big box stores and competitors to sell your products under their own label (also known as a white label product), you may be able to realize the benefits of increased production volume, including reduced unit cost, increased fixed-cost amortization possibilities, and increased sales revenue, all of which can bring significant bottom line growth to a small business.

 

There are many different ways to grow your business.  Almost all of them, however, take a fair amount of planning and organization.  If you need help visualizing or plotting out solutions for your business’s problems, contact DaVinci Business Graphics.  We offer high quality business charts to help you monitor progress, set business goals, and create solutions for your problems.

 

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Contact DaVinci Business Graphics.  We can provide you with a custom business chart created to your specifications

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