The growth of your business depends largely on its sales. While having an online business lowers overhead and provides a lot of opportunity, there are also a lot of risks for failure because of the presence of so many competitors.
If your online business has stopped growing, you may be making some mistakes that could be damaging its performance. The following are some of the common mistakes that could bog down the growth of online companies:
- You’re relying on old strategies – What worked last year may no longer work today. There is so much continual evolvement in technology and business strategies that if you do not keep up with the times, you’ll be left behind. For example, SEO strategies are constantly changing. Especially on Amazon. Embrace Amazon SEO services in order for your products to be rank well.
- You’re copying industry leaders – Everybody tends to copy a proven success story. However, what worked with one business may not necessarily work with yours.
- You’re not focused on building traffic – Many entrepreneurs focus on the appearance of their website. It is important to have a good website, but if you cannot drive traffic to your site it doesn’t matter how nice it looks. Selling on Amazon requires more than a beautiful website. You need an audience.
- You’re trying to be an “expert” instead of building a connection – People need to feel a connection with your brand. It’s important to be perceived as capable, but you don’t want to inhabit an ivory tower. Connect on a personal level with your target customers. Help them understand that you know what they need because you are one of them.
If you’re one of the estimated 20%–40% of brands who fire their agency annually, you can’t focus on that vision if you have to keep searching for the right support. BBE proudly retained >95% of our clients last year while applying focused dedication to our brand partners. If you’re ready to start over for the last time, contact us and find out why leading brands have partnered with us for so long.
