PRO BUSINESS SOLUTION

Information shared within the accompanying infographic with this post indicates that retailers have between a 60% to 70% chance of selling to an existing customer, but only between a 5% to 20% chance of selling to a new one. Knowing the vast difference between success rates of selling to existing versus new customers, you’d think most businesses would prioritize maintaining the current customer base. However, a majority of retail businesses dedicate their marketing budgets to attracting new customers. Is your organization’s current marketing strategy disregarding the best source of return on investment as well?

One of the most essential strategies to maintain profits in the niche-related internet business is to produce new product and also service that the targeted market will be wanting to purchase. It is possible to make this happen in many approaches.

The most apparent may be the new product launch. Once you learn your market properly, then you must have a fairly wise decision of what they actually need and how much they may be ready to pay for it. Put simply, you will just make products you are certain can sell.

If you are unsure, please be sure to survey individuals on the email list/s or even poll them in Facebook to inquire which choices they might find most valuable. Let them choose from a variety of options. The responses might amaze you.

Pandemic restrictions as a result of COVID-19 posed an incredible challenge for dine-in restaurants this past year. However, in order to keep their businesses alive, restaurants resorted to a restaurant-to-consumer delivery strategy. The results have been overwhelmingly positive. So much so that some restaurants have transitioned into operating strictly out of ghost kitchens.

Ghost kitchens are a growing and innovative trend in the restaurant business. Rather than occupying a traditional storefront decorated with your typical restaurant furniture and amenities (tables, chairs, menus, waiters and waitresses, etc.), ghost kitchens operate out of a much smaller property and focus strictly on the preparing of food orders that are then delivered by third-party food delivery services or a restaurant’s own delivery service team. Research has indicated that this market could see a value of over $1 trillion by 2030.