We’re excited to announce the launch of our new brand, Wisdome, for our content management and sharing platform. Building on the theme of wisdom and sharing knowledge — here you can securely share your knowledge and expertise with a community of professionals eager to learn from you.
We’ve had an incredible journey so far, and we want to share some of the most important lessons we’ve learned along the way. So, how does change benefit online businesses? Read on to find out more!
Change is Essential to Remain Relevant
In today’s digital world, where technology is continually evolving, staying relevant is essential for online business.
For example, you could go to a store and buy a product or service that you want. Fast forward several years later, and it has become obsolete by a new version or model which you can no longer use.
Do not ignore customers’ requests:
Some customers may not know they want something until they see it. Therefore, make sure you constantly listen to those who may already be asking for specific updates or services from your site.
Take advantage of reviews and recommendations: Give reviews a try by adding a review section to your website. Allow people to add reviews and recommendations about your products and services, as well as allow others to review other similar websites.
Change Can Help Online Business Increases Profit
In a competitive market, you have to find new markets for your online business. So always keep your mind open to new opportunities, and you’ll be able to grab them when they present themselves. Look for niches that you can fill with your existing product or service; think outside of what already exists—try to come up with new ways that others haven’t thought of yet.
This might mean thinking outside your original industry; if yours is a technology company, perhaps other tech companies or medical offices could use your services. Seek out new people who want or need your help, whether through networking events or reaching out directly.
Don’t limit yourself by geography: Many successful entrepreneurs run their businesses via internet-based platforms, so it doesn’t matter where you live if you aren’t face-to-face with customers. But once you do start meeting prospective clients, it will also benefit both parties to invest in finding even more specific niche markets than you originally intended.
Change Can Help Attract New Members
When you announce your new business changes, take this opportunity to ask for referrals. Ensure that you’re providing incentives that are enticing for anyone ready to start using your services—whether they’re an old customer or a new one. This way, you’ll build up your customer base while turning happy customers into brand advocates.
Change Keeps You Aware of What Your Members Want
Businesses must incorporate change into their organization to continue to serve customers effectively. In addition, they need to stay on top of industry trends and constantly improve upon existing products and services.
This is true for online businesses as well. To maintain customer loyalty, you have to keep up with changes that impact your business or that may affect your ability to reach your target audience.
Consider varying your product line. Make sure it’s constantly expanding and evolving based on what people want most from you right now. If you decide about a particular aspect of your business but later realize things have changed and a different approach makes more sense, don’t hesitate to change it.
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Engage With Your Members
Set up automated follow-ups with your customers to keep their experience with your brand consistent, prevent customer churn, and encourage more purchases.
Make Your Emails Engaging
Make sure you include valuable content in your emails—whether that’s a link back to a valuable resource, a video walkthrough of a product, or a freebie. A useful piece of content increases the chances that readers are going to open it.
Test out different layouts until you find something engaging—for example, images at either end of an email can help pique reader interest.
Offer Discounts and Promotions
Exclusive discounts are an easy way to reach out to your customer base, get them excited about your brand, and potentially drum up some sales in the process.
By sending exclusive deals only to your email subscribers, you’re showing them that they matter—and as such, they’ll be more likely to respond positively when offered promotions on social media as well.
We all like feeling special! These offers don’t need to be huge; maybe offer $5 off their next purchase for those who respond by a specific date via email. Even though it seems insignificant, it contributes to fostering goodwill between you and your customers.
The most successful companies are those who are willing to change when the time comes. So don’t resist change; embrace it.