Working hours:Mon - Sat 8.00 - 18.00 Call Us: (+1) 555 234-8765

Metallurgy Archives - Kusnap Nigeria | Free Online Marketplace to Buy & Sell in Nigeria

January 24, 2023
BEST-MARKETING-TOOLS-FOR-NEWBIE-ENTREPRENEURS-IN-2023.jpg

BEST MARKETING TOOLS FOR NEWBIE ENTREPRENEURS IN 2023

What are the best marketing tools an entrepreneur can use when starting out?

These are common questions that new business owners ask us. Many of these entrepreneurs understand that the world is moving at a fast pace and there is an intense need for marketing to boost their brand. Since they do not want to be left behind, they desire to know tools that can help with marketing.

There are numerous tools out there for entrepreneurs. However, we will be highlighting some of the best marketing tools for newbie entrepreneurs in this article.

BEST MARKETING TOOLS FOR NEWBIE ENTREPRENEURS IN 2023

As a brand that interfaces with vendors, we have recommended some of these tools to vendors on our platform and they only have good reviews about them.

15 Best Marketing Tools for Entrepreneurs in 2023

Are you looking for easy marketing tools that are beneficial to your business? Below are some of the top marketing tools for entrepreneurs in 2023.

1. Google analytics

If you use Google, you should be familiar with Google analytics. As a business owner, you cannot avoid working with data. It is what gives you insights on what to do and things that should have your focus and energy.

With Google analytics, you can observe contents that are doing better than others. It works hand-in-hand with Google search. From it, you can see what people are always searching about, especially as it concerns your niche.

This way, you can ensure to curate topics related to those searches so that your brand and website will get higher ranking. The goal of a business is to generate traffic and this tool will give you insights on how to go about it.

2. Canva

It would be unthinkable to talk about marketing or marketing strategies without mentioning graphics. It is common knowledge that your visuals play a huge role in your marketing communications.

As a newbie entrepreneur, it could be that you do not have the resources to hire a graphics designer. Should that hinder you from using graphics from your communications?

It can be a hindrance, but canva is there to your rescue. Canva is that app that helps beginners to create unique designs from already prepared templates.

It is one of the best marketing resources for entrepreneurs. You should get started with Canva if you haven’t already.

3. Trello

As a business owner, you are always going to be executing one project or the other. Aside from that, you will also be involved in running other affairs of the business. All these can be overwhelming and can affect the successful execution of your projects.

It is where there is a need for a project management tool when running a business and you can Trello for it. With Trello, you get to assign responsibilities to people and follow up on their progress. Now, members of your team have a board where they can check tasks and who is responsible for the handling. In addition, you also get to move the tasks around from ‘to-do, doing, to done.

4. Uber suggest

Do you know the keywords that are buzzing in your industry?

It is common to see brands having a blog section on their website. Here, they write on things that pertain to their industry. However, your articles will be irrelevant if they are not infused with the right keywords. In addition, the articles will also not do well on search engines.

To avoid such a situation, you need to know the buzzing keywords that will make your articles SEO-optimized. It is where Uber Suggest comes to play. It lets you know the right keywords to use. Thus, ensuring that your articles are SEO-optimized.

5. Mailchimp

One of the best marketing strategies for any business is email marketing. Whether you’re just entering into the market or already an existing player, email marketing helps to sell your business.

Mailchimp is a marketing tool that helps business owners with email marketing. With this tool, you do not have to undergo much stress with managing your email marketing. Instead, you need to focus on the messaging and ensuring that everything is set for deployment.

We love that the services of this tool are free until you hit 2,000 subscribers. It shows consideration for newbie entrepreneurs. Therefore, this tool should be one of your best friends.

6. Copy.ai

The messaging of your marketing communications plays an essential role in marketing. Sadly, many entrepreneurs struggle with coming up with copy for their marketing communications.

It is why all brands have a need for a copywriter as part of their marketing team. But again, we know that you may not have the budget to hire one as a newbie entrepreneur.

So, you can use copy.ai as a tool to come up with compelling and engaging copy content. It saves you the stress and time of racking your head, especially as you’re not an expert or professional in the writing field.

7. Grammarly

While coming up with content and copy for your marketing communications, you also have to focus on your grammar. Imagine putting out messaging that has grammatical errors and blunder. Of course, it wouldn’t speak well of your brand and your competitors can use it against you.

So, grammarly comes as a tool to help with your grammatical structure. It helps to correct your tenses and ensures that there are no errors. In addition, it could also help with more engaging words.

Grammarly has a free version. But its premium version gives you the best out of it. You can start using the free version and later transition to the premium.

8. Slack

Slack is another excellent marketing tool for entrepreneurs in 2023. It promotes and enhances effective communication.

If you’re looking for a platform to use as a community for employees, slack is one of your best options. Here, you can easily disseminate information and ensure that everyone is carried along.

We also love that slack isn’t limiting as you can also use it as a place to connect with your clients. It aims for seamless communication and that is what you will get using the platform.

One of the reasons why this tool has gained much popularity is because its interface is easy to navigate.

9. Hootsuite

The world has evolved from times when one has to depend on having a physical location before they can access a business. Now, there are online platforms like social media channels. And, smart business owners ensure that they create social media profiles for their brands.

However, it can be stressful posting content on your social media platforms. For example, you may want to post something in the evening but forget to do so as you were engaged in other activities.

Hence, there is a need for a tool that helps with the management of your social media channels. Hootsuite is that marketing tool for social media management.

10. Hubspot

Many people have their different uses for hubspot. However, everyone agrees that it is a helpful tool for any business owner. Even if you do not own a business, you can still find hubspot helping as it has a learning academy.

This tool helps with content management. If you struggle with content as an entrepreneur, you will see things from a newer perspective when you start using hubspot. In addition, the tool also has templates that can help with designs for your landing pages, social media posts, etc.

You can also use hubspot for analytics and data collation purposes.

11. Crazy egg

Being a business owner goes beyond having a website for the brand and putting out content. Is your website friendly for users? What pages on your website get the most traffic? What do users do the most when they get on your website?

These are questions you cannot answer if you depend on manual means. But, it is helpful to know the answers to these questions as a business owner.

Therefore, you can use crazy egg as that marketing tool that helps you analyze activities of people on your website. Hopefully, you’ll use the data to boost your brand.

12. Yoast SEO

SEO stands for search engine optimization. It goes beyond researching keywords and infusing them into the writing of your content. You also need to be conscious of SEO optimization while posting content to ensure the high ranking of your website. It is where Yoast SEO comes to play.

It is the commonest for its type due to its easy usage. With this tool, you get to improve the readability of whatever you’re posting. When you input a keyword, it also helps you know the percentage strength of that keyword.

If you’re doing something wrong, you can tell while using Yoast SEO. Its goal is to ensure that everything about your content and website is SEO-optimized.

13. Zoom

We doubt there is anyone who hasn’t heard of this marketing tool. Even if you were not familiar with zoom, the lockdown increased its popularity as many companies began using this tool.

Zoom is a video marketing tool. If you are a remote company, it helps to connect everyone and comes in handy for meetings and presentations.

Now, you do not have to go to a physical location before you can connect with people or have pitch presentations with your clients. It is one of the first tools you should be familiar with as an entrepreneur.

14. DropBox

It is easy for business owners to get overwhelmed easily, especially when things are not in one place. It is one of the top complaints of many entrepreneurs. So, we always advise business owners that one of the best ways to go about this should be to have all your items in one place.

DropBox is the marketing tool that helps with this navigation. You can upload things relating to this business on the cloud-based platform and also put restrictions as the need arises. Interestingly, you can also connect other productivity tools to DropBox.

15. Due

‘Time is of essence.’ ‘Time is money.’

We are sure you’re familiar with these phrases and know that you have to manage your time effectively as a business owner. Understandably, you have to juggle many things while running a business.

Thus, it is easy to lose track of time and it may affect important things you need to do. Therefore, one marketing tool that would be helpful in this case is Due. It is a time-management tool that helps with planning and arrangement.

Now, you have a tool that reminds you of important events, ensuring that you do not miss out on anything. You can also use the tool to monitor things that take up most of your time.


July 10, 2022
How-to-Sell-Your-Products-and-Services-as-an-Entrepreneur-without-too-Much-Stress.jpeg

How to Sell Your Products and Services as an Entrepreneur without too Much Stress

The life of an entrepreneur can be stressful. You may have a product or service that you want to sell, but don’t know how to get your customers’ attention. This is usually the case sometimes because it can be hard to sell products sometimes as an entrepreneur. Whatever the case is, in this article, we will show you how to sell your products and services as an entrepreneur without too much stress.

Tips on How to sell your Services and Products With Little or no Stress as an Entrepreneur

To sell and make those desired profits and meet margins as an entrepreneur, you have to make sales seamlessly. These tips will help you to make sales with less or no stress.

  • Use Influence to drive value
  • Sell yourself before selling a product
  • Build interest and desire with features and benefits
  • Sell the results
  • Use trust and expertise to build credibility
  • Think like your customer
  • Be Confident

Use Influence to Drive Value

One way to use your influence and drive value is by creating content. You can do this in the form of blog posts, podcasts, or webinars. Another way to use your influence is through brand ambassadors. This means that someone who has authority in the marketplace will endorse your product or service by using it themselves and sharing their experiences with others. You can also leverage influencer marketing for brands where people have large followings on social media platforms like Facebook, Twitter and Instagram, to push for users to patronise your product.

Sell Yourself Before Selling a Product

Whether you’re selling a product or a service, you must sell yourself first as an entrepreneur. You must be able to demonstrate the value of what you are offering in the most compelling way possible. Consider this, if you were looking to buy something and found out that it was being sold by some random person on the street who had no idea what they were talking about, would you make a purchase? Probably not. However, if they could demonstrate their expertise in whatever it was that they were trying to sell, then maybe yes (assuming everything else checks out).

Build Interest and Desire with Features and Benefits

You can build interest and desire with features and benefits. Build on the features of your product, and do this by stating the most important practical benefits of your product. Make sure you’re speaking to your customer’s needs and wants rather than just talking about what you want them to buy.

Sell the Results

Instead of selling your product or service alone, focus on the results that you will be able to deliver with your product. You can do this by sharing what your customer will benefit from using your product or service. As an example, if you sell industrial water pumps you can rather tell potential customers what range, capacity, and performance of the pump and how functional the pump will be for the potential user. This you should do, instead of just centering on the price of the water pump and asking people to just buy the water pumps.

Use Trust and Expertise to Build Credibility

Use your credentials. If you have a degree or certification, mention it on your website, in email signatures and newsletters, and when speaking to prospects. Use your personal story, one of the best ways to make yourself relatable is by sharing what you’re passionate about with others and why they should be too.

Use your expertise, if you have an area of expertise that makes sense for the type of business you run (or want to start), make sure that potential buyers know and feel your expertise. Make it clear by mentioning it prominently on all platforms where you sell your products.

Experience matters, this goes without saying that people will go for a seller with experience if they are looking for help with any product. Testimonials/references from previous clients can also help build trust between potential clients and service providers like yourself.

Think Like Your Customer

When you’re designing and selling a product or service, you have to think like your customer. What are they looking for? What are their needs, pain points, desires and wants? What are their expectations? What do they fear? And what do they dream about when they go to bed at night (and in the morning)?. Asking yourself these questions can help you understand what your customer is thinking and how to make them feel more relaxed about buying from you.

Be Confident

Confidence is a powerful force. As a confident entrepreneur, you will be able to sell products and services with ease, because you have confidence in yourself, your product and your ability to deliver it. Being confident also helps the customer feel more comfortable with the purchase decision. When you’re confident in your product, confident that you can deliver it and help the customer solve their problems or make their life better, the customers will buy from you without hesitation.

Conclusion

Selling is not easy and it can be difficult to do as a business owner. However, with the right marketing strategy in place, you will be able to sell your products and services more easily. You just need to find what works best for each scenario and use it consistently so that customers know what they’re getting when they buy from you. You can apply these tips we have discussed here to aid you in the selling of your products as an entrepreneur.


July 9, 2022
5-key-leadership-skills-every-Entrepreneur-should-have-1280x1280.png

5 key leadership skills every Entrepreneur should have

I used to be a big believer in the idea that entrepreneurs are born, not made. You don’t get good at the specific skills needed to run your own business by reading books or taking courses: if you’re meant to be an entrepreneur, it’s just something that happens naturally.

And then I started running my own business and realized how much work goes into being a good leader. It’s not like running an office with employees who were hired for their particular skill sets—as an entrepreneur, you have total control over everything from hiring and firing employees to setting budgets and creating budgets.

If you want any kind of chance at success with this model, then it’s vital that you understand what makes for effective leadership so that you can instill those qualities in yourself before realizing them through others. So without further ado, here are five key skills every entrepreneur should master when trying to create an environment where people feel inspired enough in order to do their best work:

 

The ability to create a culture of action

One of the most important skills that a leader can possess is the ability to create a culture of action. This skill is crucial because it allows you to motivate employees and coworkers who may not be as motivated by money or other incentives alone.

Creating a culture where people feel empowered to take action will help you grow your business faster and more efficiently than ever before.

To create this type of culture, you need to inspire others with your vision for the future. You need to push people into taking action by making them feel like they’re part of something bigger than themselves. Finally, you need to make sure everyone in your company feels empowered enough so that they take initiative on their own accord (and not when asked).

 

Communication

Communication is the backbone of any entrepreneurial endeavor. It’s also integral to leadership, business and personal growth. In order to be successful in any of these areas, you’ll need the ability to communicate clearly and effectively. Communication skills are incredibly important in both your professional and personal life:

As an entrepreneur or business owner, you will have to communicate with prospective clients or customers about what you can offer them through your product or service. If they don’t understand what makes their situation different than that of other customers who have used products similar to yours before, then there’s no way for them to make informed decisions about whether or not they should hire your company.

Similarly, when trying get investors on board with a new idea (or simply running a pitch meeting), it’s important that everything from presentation materials down through follow-up emails is well-written so as not confuse people into thinking things are better than they actually are because everything sounds confusingly vague instead of directly stating facts which could potentially lead someone else astray without meaning too much.”

 

The ability to embrace challenges and challenges the status quo

A great leader can embrace challenges and change. Whether they’re facing a new project, an unexpected situation, or an unforeseen problem, they’re able to think on their feet and adapt in order to lead their team forward.

By embracing challenges, you’ll gain confidence and build trust in yourself as a leader. You’ll also be able to trust others more because you know that they are able to figure out new things on the fly just like you do—and that makes for better teamwork!

Keep in mind that not all challenges have the same value. For example: some may seem minor but actually have far-reaching consequences; others might be huge but quickly fixed once identified (or even prevented from happening.) Understanding which type of challenge is best for you will help guide your decision-making process when faced with one so that it never feels overwhelming again!

 

Connecting with people in a meaningful way

Know who you are talking to.

Know what you are talking about.

Be authentic, yourself and open to feedback.

Be a good listener, patient and empathetic.

Be kind, humble and generous with others

 

The ability to make decisions that are best for the business

Why is this important? The ability to make decisions that are best for the business is important because your goal as an entrepreneur is to make money and grow your company, and having the ability to make decisions that are in the best interest of your business will help you accomplish that.

As an entrepreneur, it’s important to know what’s good or bad for your customers. If you don’t have a strong understanding of who they are and what they want then how can you provide them with something of value?

It might seem obvious but it’s worth mentioning: it’s also crucial for entrepreneurs to understand what’s good or bad for their employees as well. Employees need to feel valued and appreciated if they are going to stick around long enough so they can help grow your company!

Another way that being aware of what matters most when making decisions comes into play is by being able to anticipate how those choices will affect others outside of just the ones directly connected with making those choices themselves (such as coworkers).

 

Final Wrap up

Entrepreneurs are leaders. It is the role of an entrepreneur to lead their business to success. The skills listed above are needed in order for entrepreneurs to be successful leaders.


July 9, 2022
Top-7-Best-Business-Strategies-Every-Business-Owner-should-Take-Note-of-1280x1280.png

Top 7 Best Business Strategies Every Business Owner should Take Note of

A company’s digital marketing strategy should be considered an essential component of its overarching marketing strategy. The marketing of a small business might involve a great number of offline local advertising methods, but it also needs to involve a significant amount of digital marketing strategies in order to be effective and to optimize sales in the current economic climate.

Whether you have recently opened a tech company, a local consignment shop, or a small consulting company, you are always seeking for strategies to attract customers without draining your financial resources in the process. This where Kusnap , one 9f Nigeria’s biggest marketing platforms comes in handy as you look for various business strategies to help your business grow.

A digital marketing plan that helps a small business become visible to people who use the internet is an essential investment for any company that conducts the majority or all of its business online.

The following are some of the most important digital marketing methods that I use to promote my clients’ businesses, ultimately helping them save a lot of money on customer acquisition.

Create Educative Content

This tactic entails providing prospective customers with information that is not just specific to your product or service but also information that is generic in nature. Everyone is attempting to sell something, but those that are able to educate customers have a better chance of succeeding.

The public will ascribe a particular amount of competence to a corporation, and the consumer will view this as a sign of increased reliability.

You need to provide content that is relevant and shows off the principles your company upholds as well as the care you take to solve the difficulties that customers have with the products or services you offer.

After that, disseminate the content over an extensive variety of online outlets. This method of content marketing is a tried-and-true strategy that can attract visitors towards your company from a variety of different sources.

Vision and mission statement

A vision statement is a short, memorable phrase that describes your company’s purpose for existing. It should be easily understood by everyone who interacts with your company—customers, employees and partners.

At its most basic level, a mission statement answers the question: “Why do we exist?” In other words, what is the purpose of our business? A mission statement can get more specific and describe how an organization will achieve its vision through its products or services (the how). For example: “Our mission is to provide high-quality products at low prices.”

The process of creating these statements varies depending on how much time you have available and what kind of organizational structure you have in place. If you’re running a small business or nonprofit organization without formal leadership roles like CEO/COO or president/chairman then it might make sense to gather everyone together in one room so they can be part of creating this important document together as a team effort.

 

However if there are already established leaders in place then they may want more control over crafting their own personal vision statements which could mean working alone or bringing members from those specific groups together at different times depending on their availability schedule.

 

Embrace collaboration for process execution

Collaboration is a key ingredient in achieving your business strategy and delivering results. Collaboration enables employees to work better together, share knowledge and expertise, solve problems faster and make more informed decisions.

Collaboration should be encouraged by leaders at all levels of an organization as it is a critical element for successful process execution. When people work together, they learn from each other, which leads to innovation, improved problem solving and enhanced decision making capabilities within your organization.

Market your Products through marketing platforms

There are various marketing platforms in Nigeria that you can advertise your business and the products you are selling . One of these reputable online marketing platform is Kusnap, one of Nigeria’s most sought after marketing platforms where buyers meet sellers. Kusnap can help you advertise your business and product to millions of Nigerians.

 

Be Active on Social Media

The use of social media by owners of small businesses can be an effective approach to communicate with potential consumers and existing ones. If done correctly, it has the potential to significantly boost sales.

On social media platforms such as Instagram, Facebook, and Twitter, some business owners have even established their entire enterprises from the ground up. For commercial enterprises, the use of social media should be geared on acquiring, maintaining, and even deepening existing client relationships.

Customers are essential to the success of a very small business. It would be difficult for any kind of business, no matter how big or how small, to exist in the long run without having qualified clients.

Although there are numerous reasons why you should utilize social media marketing for small business to improve and expand your company, the most important one is that it will assist you in acquiring a greater number of clients. And contribute to the growing visibility of your company.

 

Invest in staff training

Investing in staff training is an essential part of any business plan.

 

Staff training is important for business success because it enables your employees to be more productive, engaged, and engaged with their work. If you want to keep your staff from getting bored or frustrated by the monotony of their job duties, they need a way to keep themselves engaged and motivated.

This can be done through internal company programs on topics like time management or project management skills (or even just learning new ways of brushing one’s teeth).

Staff training is also important for employee retention because it helps them understand why they are working at this particular company instead of another one that may have better benefits—for example, if there’s a lot less turnover among employees who use these kinds of internal programs than those who don’t.

When somebody knows what they’re doing at work every day instead of feeling lost all the time then they’ll have higher morale which leads into greater productivity levels as well as lower overall stress levels which means less burnout from overwork!

Have an open work environment

The open work environment is a great way to encourage collaboration, which will be essential for your business as you grow. Not only that, but employees who feel valued and comfortable at their jobs tend to be more productive and loyal, so it’s a win-win for everyone involved!

An open work environment can also help foster innovation by encouraging communication between employees. This will allow them to share ideas with each other, which can lead to the creation of new products or services that benefit both employer and employee alike.

 

Final Wrap

As a business owner, you should always be thinking about ways to improve your strategy and processes. This will help ensure that your business remains competitive in an ever-changing landscape. If you are short of ideas, the best business strategy that has proven effective for several businesses in Nigeria is partnering with Kusnap to help you market your Products on their platform.  They have a good record of helping several businesses in Nigeria, to prosper, why not take advantage of this opportunity to have your products marketed by Kusnap, Nigeria’s leading online marketing platform .


July 9, 2022
8-simple-ways-to-reduce-your-business-expenses-1280x1280.png

8 simple ways to reduce your business expenses

To expand your profit margins as a small company, one of the most effective strategies is to reduce costs associated with essential business expenses without lowering quality standards.

A straightforward mathematical equation, the profit margin is determined by two variables: total income and total expenses. You have only two options available to you if you want to achieve larger margins: either grow your revenue or decrease your expenses.

Even the slightest gain in income or decrease in expenses can have an influence on a company’s profitability in an environment that is volatile and in which every penny matters. The more you are able to cut back on the money your company spends, the better off you will be.

You may put the money you save toward keeping your company afloat, into expanding into other businesses, or into improving your bottom line.

The following is a list of straightforward and simple strategies to save money on the costs of running your business:

 

Outsourcing

Outsourcing is a great way to reduce costs. There are countless examples of services that can be outsourced:

  • IT support
  • Programming
  • Graphic design

Research, which includes market research, competitor research and other forms of analyzing data about your industry. Digital Marketing platforms like Kusnap can also help you market your business and products thereby reducing the level of expenses on people who are not capable of advertising your business and products.

Before you decide to outsource any of these services, make sure you know what you are getting into. Talk with the people who have done them before and ask them how they were able to save money by outsourcing. Also, make sure that your contract with the service provider is ironclad so they won’t disappear on you at the drop of a hat (this will happen more than once).

 

Investing in technology

Investing in technology can save your business time and money. It can also help you get more work done with less effort and more accuracy.

For example, investing in a cell phone tracking system will allow you to find lost or stolen phones, which means that you won’t have to pay for replacements and repairs.

Similarly, investing in a cloud-based software solution means that you won’t have to spend time installing software on your computer. This frees up time that could be spent on other tasks or even enjoying life away from work!

 

Creating a budget and sticking to it

The first step to creating a budget is to determine the amount of money you need to cover each area of your business. You can do this by listing all the expenses and revenue sources, then dividing them into sections (such as advertising, payroll and benefits, office supplies).

Once you have a list of what goes in each category and how much it costs per month or year, you’ll be able to create your own budget that works for your business. It’s important not only to set goals but also measure success so that you can see if there are areas where improvements can be made.

When planning for the unexpected or making sure that there’s always enough cash on hand in case something happens unexpectedly (i.e., an employee calls out sick), make sure not just how much money is needed but also when this payment should come due (and whether there will be any interest associated with such additional payments). Finally, don’t spend more than what is available since this could lead into financial trouble down the road!

 

Re-evaluate your marketing strategy

One of the most critical parts of running a business is marketing.

Marketing can be an intimidating term for small-business owners because it’s so often associated with big corporations and advertising agencies. But marketing isn’t just about advertising, nor is it something you do only once or twice in a lifetime—it’s actually a long-term strategy that can help you reach your target audience by increasing brand awareness and customer loyalty. That is why you need Kusnap , a reputable online marketing platform where buyers meet sellers.

If done well, marketing will help your business grow so that you can focus on what matters most: providing excellent service to your customers!

 

Travel like a pro

The first step to travel like a pro is to book your travel efficiently. Here are some tips:

Use a travel agent. It might seem old-fashioned, but if you’re unsure of what you need or where you want to go, an agent can help guide you through the process and make sure that your trip goes off without a hitch.

Use an app. If it’s not in your budget to hire someone else, there are plenty of apps out there that can help take care of things for you so that all the planning and booking is done on autopilot—or at least as much as possible! One example is Tripit Pro , which consolidates all of your reservations into one easy-to-read itinerary (and even sends alerts when flights get delayed). Another option would be Skyscanner Lite (free), which compares flight options from different airlines so that travelers can find the best deal for their route before heading out with no surprises waiting for them at check-in time.

Consider signing up for travel rewards programs.* The next thing to do after deciding how exactly how much money should be spent on airfare each month would be choosing which credit card(s) will come along with us throughout our journey; this could either mean using multiple cards or just sticking with one since each type has its own set of perks depending on who they’re being used by (for example: frequent flyers may prefer using airline miles while business owners might favor cash back).

 

Reduce the time spent on administrative tasks

In an effort to reduce the time spent on administrative tasks, you can hire a virtual assistant. You could also outsource your admin work to a company that specializes in this type of work.

If you don’t want to spend any money on outsourcing or hiring a VA, there are ways you can use technology to automate your tasks.

Software like QuickBooks and Freshbooks allows you to easily manage your accounting system from one place, so you don’t have to keep track of expenses in multiple places or manually enter data into spreadsheets anymore.

Customer relationship management (CRM) software such as Salesforce makes it easy for you to track leads and follow-up with potential customers at all stages of their buying cycle, so they’re more likely to buy from your business rather than one of your competitors’.

Project management tools like Trello allow teams within organizations stay organized by assigning tasks, updating progress on those tasks through checklists and notifications sent via email or Slack channels, creating diagrams showing how each task relates back toward achieving overall goals (like launching a new product), etcetera which makes collaboration much easier between team members when everybody knows what’s happening with other projects going on around them.”

 

Avoid low-quality equipment and supplies

Here are some easy ways to avoid low-quality equipment and supplies.

  • Buy quality equipment and supplies from reputable sources.
  • Buy what you need, not what you think you need.

Buy the right size, color, shape and material for the intended use of your product or service so it lasts longer than other cheaper items might last if used properly in similar situations; this means finding out exactly who your customers are before making purchases so that their needs can be met effectively by buying only those items which will offer them maximum utility value over time without fail!

 

Hire the right people from the start

Hiring the right people is critical to your business’s success. People who are not a good fit, don’t add value, or aren’t loyal will likely drive up your costs. It pays to be picky when it comes to hiring new employees and contractors; you want honest, trustworthy people with a good work ethic who are willing to learn and improve their skills over time.

 

 

Conclusion

Hopefully, this list has given you some ideas on how to reduce expenses without compromising on your business’s quality. The key takeaway is that saving money doesn’t have to be a painful process if you plan ahead of time and stay open-minded about new technologies or services that can help you save money

 


July 9, 2022
4-critical-metrics-to-track-for-business-growth-1280x1280.png

4 critical metrics to track for business growth

In 2022, how careful have you been in tracking the indicators related to your business? Or when was the last time you checked to make sure that the metrics you use for your business are as accurate as they possibly can be?

First, let’s take a step back and refresh our memories about what business metrics are and why they are so vital to the success of our company.

To put it another way, business metrics are the collecting of relevant and meaningful data about a firm that can assist you in making educated decisions on the expansion of that business. Some individuals refer to it as KPI, which stands for key performance indicators, while others use the term analytics

The job of monitoring and making sense of data in order to arrive at a conclusion and a plan of action that are both meaningful is not exactly a simple one. However, successfully operating a profitable business was never intended to be a walk in the park.

The following is a list of the four (4) most  metrics that any business should monitor in 2022 to ensure the continued and healthy growth of their company.

 

The Price Paid To Acquire New Customers

You need to have clients in order to reach your sales projections if you run a small business. It is up to you to track down these potential buyers and convince them to purchase your good or service.

To determine how much it costs to acquire new customers, just divide the total amount spent on acquisitions by the number of new customers gained within a specified time period.

Acquiring new customers is referred to as customer acquisition, and in most cases, it requires financial investment. The costs of advertising and marketing are continually rising, and investing in the incorrect marketing channel can have a detrimental effect on your company’s profit margins.

 

Efficiency and effectiveness in business operations

The performance and productivity of employees should be measured, as this is an important indicator that should be recorded by most firms. If you are unaware of the performance of your workforce, it is impossible for you to have an accurate understanding of the inner workings of your own company.

Productivity ratios are extremely flexible and can be used in practically any facet of your company. For instance, sales productivity can be calculated by simply dividing the real revenue by the total number of salespeople.

The method is effective in all aspects of productivity, including manufacturing productivity, marketing productivity, and support productivity. You should evaluate your productivity in comparison to the standards of the industry and strive for ongoing development.

Flow of Cash (Revenue & Expenses)

Because money is essential to the operation of a business, effective financial management is one of the most important factors to consider. Cashflow is one of the most significant key performance indicators (KPIs) for any company to analyze since it allows companies to evaluate the appropriateness of their sales and margins.

A great number of companies report enormous profits despite the fact that they post enormous revenues throughout the course of the year. The amount of money brought in is merely one factor to consider. You should also think about your expenses and the amount of money that will be left over in the firm once everything has been paid for.

Ensure the Happiness and Loyalty of Your Customers

Every company should make it a priority to evaluate the level of satisfaction and loyalty of their customers. Treating people the way that they want to be treated, particularly your most valuable customers, is one of the most effective ways to generate client loyalty.

The key to achieving high levels of customer satisfaction and loyalty is to first identify the types of customers you want to work with, then persuade those customers to make a purchase from you, and then work to ensure that those customers are happy with their purchases so that they will return in the near future to make larger purchases and refer even more customers to you.

 

In Conclusion,

Monitoring these essential business metrics is crucial for a variety of reasons, but the expansion of your company is perhaps the single most significant reason why you should do so. You can get better outcomes by tracking only these select few KPIs as opposed to spending your time monitoring a large number of KPIs.

In your role as a business owner or manager, which KPIs do you place the most importance on? Are you a member of a culture that is obsessed with producing reams of reports, or do you find that the emphasis is more on analysis and results? Have you tried any or all of the aforementioned solutions? In the comment box below, I’d really appreciate it if you could provide any advice, comments, or experiences of your own successes.

 


industrial

Headquarters

Kusnap allows you to sell all kinds of products such as kitchen wares, backpacks, smartphones, tablets, electronic/phone gadgets and accessories, computers and accessories, toys and children games, fashion items, and lots more.
+234704 809 9211

Kusnap Nigeria

[email protected]

locations

We Are Everywhere




get in touch

Follow Our Activity

Interactively coordinate proactive e-commerce via process-centric “outside the box“ thinking.