Recurring Revenue Ideas & How To Implement Them [Infographic]

This guest blog has been provided by Jeremy Zielie of straightnorth.com. Thank you Jeremy for your insight.

Recurring revenue streams can help strengthen customer loyalty and increase profit at your business. A report found that all new software entrants and 80% of historical vendors are offering a subscription-based pricing model. While some industries may be better suited toward recurring revenue like SaaS, there are still ways to create a recurring revenue model for physical products. For example, organizations can offer a membership-based program for exclusive products or create a subscription box for loyal customers. If you are interested in learning a few more recurring revenue ideas, check out the accompanying resource below.

Recurring Revenue Ideas & How To Implement Them Infographic

Infographic created by Clover Connect

By |2022-06-07T14:21:14+00:00June 7th, 2022|

Improve LinkedIn Lead Generation Strategy

Did you know there are 6 easy ways to improve your LinkedIn lead generation strategy? Just a few simple steps can take you from zero to hero on this booming platform. LinkedIn, at its most basic level, is designed to connect, build, and strengthen relationships in the world of professionals. It is an incredibly valuable tool that allows you to seek and make connections to not only grow your network but to also build, cultivate, and establish your brand and value to others – if utilized correctly. Check out these 6 easy tips to make sure you are making the most out of the platform and improve your LinkedIn lead generation strategy.

Improve Your LinkedIn Lead Generation Strategy Infographic

Original content for this blog can be found here.

By |2022-05-10T12:27:19+00:00May 10th, 2022|

The 2022 Consumer [Infographic]

Spring is in the air, and with longer days and warmer temperatures, 2022 consumer shopping trends are emerging! Different people deal with the winter doldrums in different ways, but 44% of people say they shop when there is nothing else to do. Although we’ve seen a huge uptick in inflation, consumers seem unwilling to change any of their purchasing habits even if it means buying on credit to make ends meet. Although, some shoppers are finding creative ways to manage the latest cost of goods. With the pandemic having changed so much of the broader consumer shopping habits over the last two years, businesses are scrambling to put themselves in front of as many as many people as possible to be sure they get their fair share of the profit. Check out the infographic below to see the consumer shopping trends for 2022.

Find the original content for this blog here.

By |2022-03-29T13:34:53+00:00March 29th, 2022|

Best Growth Management Strategies for Small Businesses

Photo: Unsplash

This guest blog has been provided by Dean Burgess of Excitepreneur.net. Thank you Dean for your insight.

Even the largest businesses started off small. Consider that Google began in a garage office with three people in 1998. Airbnb grew from the desperation of two young guys who couldn’t afford loft rent and decided to rent out their air mattresses. That could be your story, too! First, though, we need to do some planning.

A growth management strategy ensures that your business plan is successful and scalable. Consider this critical advice from entrepreneur and digital marketing expert Justin T. Farrell.

Key Aspects of a Growth Management Strategy

Consider a growth management strategy as the foundation of a home. It takes time and effort to create one, but it lays a firm foundation for future growth and success. There are a few key aspects to consider, such as the following.

  • Hire the right team to save time, foster business growth, reduce turnover costs and increase morale.
  • Keep finances organized for tax purposes as well as monitoring the budget to increase profit.
  • Focus on business strengths and incorporate a strengths-based strategy.
  • Prioritize digital marketing to build brand recognition and foster healthy competition.
  • Take advantage of technology to streamline processes, improve efficiency and enhance customer experience.
  • Improve product development by constantly assessing the data and identifying room for improvement (visit online job platforms to find data analytics companies who can complete this complex work).
  • Focus on customer satisfaction to increase revenue and enhance customer satisfaction.

Customer relationship management (CRM) platforms are useful in setting a business up for success. These platforms combine the priorities of technology and customer satisfaction to improve revenue. They also streamline internal communication, optimize marketing and gain valuable insights. 

What Role Does Finance Play?

Monitoring finances, in particular, is critical for consistent business growth. Maximizing profits and decreasing expenses is determined by several financial practices, such as the following. 

Organization is Key

As a business expands, it can become more difficult to manage finances. Focusing on the profitability of a business from the very beginning introduces a mindset that prioritizes revenue growth. 

Adopt an expandable organizational structure that will make it easy to keep finances organized as the business grows, without letting anything fall through the cracks. Track your income, audit your expenses, and digitize hard copies. Each of these small efforts can have a big impact.

Cash Flow

Studies show that 82% of small businesses fail because of cash flow mismanagement. Cash flow is essential to keep a business running, and it’s important to manage cash carefully. 

Some tips to improve cash flow include collecting receivables and tightening credit requirements. It’s also a good idea to focus on increasing sales and keeping tabs on expenses. 

If you have yet to integrate payment processing through your website, do it. With so many people making purchases online, this is a must-have convenience that can keep your cash flow strong. Implement payment processing with the help of a reputable third party for bank account authentication. This enables you to instantly retrieve account information to facilitate payments securely. 

Tracking Expenses

It’s easy to get carried away with expenses, especially when the business starts to grow. Tracking expenses is a fundamental part of managing cash flow and avoiding debt. 

Tracking expenses is an effective way of controlling costs and identifying areas to cut back. Routine tracking also prepares businesses for tax returns and helps them to make better decisions for the future of the business. This is also critical information you’ll need for your annual report to remain in good standing with the state and to maintain compliance

Invoicing Software

It’s beneficial to streamline and automate business operations wherever possible. Doing so can save time and reduce the chance of human error. Investing in a reliable invoicing system is an effective way of keeping up with accounts receivable. 

Invoicing software offers many benefits for a small business, especially one that is growing. For example, invoices can be created faster, it’s possible to send and import multiple invoices at once, and you can process your invoices in batches instead of one by one. 

Monitoring and managing finances are essential for successful business growth and should be prioritized. Fortunately, there are a lot of great resources for keeping you on track. 

By |2022-03-03T16:30:11+00:00March 8th, 2022|

2022 Email Marketing Trends You Should Know [Infographic]

Here are the 2022 email marketing trends you should know to make sure your dollars and cents are going to give you the best ROI. With the latest services and technology, companies are able to target audiences like never before. Spend the money to get the specific market segment you need to get in front of. Make sure you are reaching out over multiple platforms, and most of all, make sure your content is engaging. Content should be resourceful to your customers and be sure to utilize the latest in virtual and/or augmented reality to create a memorable and interactive experience. Check out the infographic to see where you can focus your efforts for your 2022 email marketing.

2022 Email Marketing Trends You Should Know Infographic

Find the original content of this blog here.

By |2022-02-14T19:31:59+00:00February 15th, 2022|

SMS Marketing Statistics – 2022 Update [Infographic]

The average American spends over 3 hours of their day looking at their mobile phone.

66% of Americans check their phones 160 times each day.

81.60% of the United States population owns a smartphone. That’s about 270 million people!

These are just a few of the mind-blowing stats surrounding smartphones and text marketing. If your business hasn’t utilized mobile marketing before now, you certainly will after you check out these SMS marketing statistics.

35 SMS Marketing Statistics Infographic - 2022 Update

Find the original content of this blog here.

By |2022-01-17T17:49:54+00:00January 18th, 2022|

Digital Marketing Trends In 2022 [Infographic]

2021 has come and gone, and now is the time to look ahead into the coming year. What exactly can we expect for 2022? Well, let’s take a look at the top 5 digital marketing trends in 2022 expected to dominate marketing strategies around the world. Remember when we thought COVID-19 was a 2020 thing? Obviously 2021, though some normalcy returned, did not prove to be that drastically different. Businesses everywhere have continued to scramble and pivot adjusting their strategies to appeal to the changing landscape. So without further ado, here are the projected top 5 marketing trends for 2022.

Happy New Year!

Digital Marketing Trends In 2022 Infographic Image

The original content for this post can be found here.

By |2021-12-10T21:35:00+00:00January 4th, 2022|

2021 Holiday Trends + Marketing Tips [Infographic]

Now that we are in the midst of the holiday season, check out these holidays trends and marketing tips to make sure your business is taking every advantage of the latest strategies to be sure you get your piece of the pumpkin pie. With the pandemic in 2020, last year revealed how much shopping trends can shift. 2021 is expected to reflect last year’s trends, so warm up those content-creating fingers! Now is certainly not the time to slack on social media but to focus more than ever since more than 40% of Millenials and 50% of Gen Zers report looking to social media for holiday ads and influencer opinions to get their attention. Often enough, they aren’t making the purchase from social media, but the inspiration comes from what is seen on social media so don’t think it’s a waste of marketing dollars. Check out the stats, holiday trends and marketing tips to make sure you put your holiday marketing budget to good use and get the most out of the holiday shopping.

2021 Holiday Spending and Trends + Marketing Ideas and Tips Infographic

This content was originally posted here.

By |2021-11-15T15:44:22+00:00December 7th, 2021|

10 VIDEO MARKETING STATISTICS THAT YOU NEED TO KNOW [Infographic]

So what do you need to know about video marketing? Why is it important? Do you really need to spend time and money on this? YES! According to Animoto, videos are consumers favorite way to consume content. 88% of marketers who use video marketing are satisfied with the ROI they produce. Videos catch and hold the attention of wandering eyes, so they can be extremely useful as a part of your overall marketing strategy. Check out the rest of these incredible video marketing statistics you need to know.

10 VIDEO MARKETING STATISTICS THAT YOU NEED TO KNOW Infographic

This content was originally posted here.

By |2021-10-25T15:33:40+00:00November 9th, 2021|
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