Get Your Business Back On Top and Into the Game
Author: Ellice Dojillo
Date: May 9, 2022
Everyone deserves a redemption arc – if you feel like your business has fallen especially because of inflation, here are all the tips to get it back on top and into the game.
Let’s take a solid minute to breathe and realize something for a minute: life can be full of struggles. Things sure haven’t been going well. We all know how the state of the world and especially the economy is. Thanks to inflation, prices are soaring, budgets seem difficult to maintain, and if you’re a business owner, you may be feeling like your business just isn’t working as well as it used to be.
Yes, life can be tough, but that doesn’t mean it always has to be. After all, the only place you can go after hitting rock bottom is up, up, up! If you feel like your business is on the rocks or is on the way to going there, believe us when we say that there’s a chance of saving it and perhaps even making it more successful than it ever was! How? Well, scroll down as we feed you all the brain food you need to know when it comes to handling your business in the midst of inflation. We are, after all, here for you every step of the way.
Solution #1. Get Your Head in the Game and Control Those Expenses!
It’s true you can’t control everything. For one thing, you can’t control the inflation happening throughout the world. But, you Can control a different aspect: your expenses. Replan your budget and make it suitable for a world that has now been embraced by the shadows of inflation.
You can start that rethinking or replanning by considering how to sell your products at a lower cost (while still pretty much maintaining their quality of course) or how to convert the energy you use in your business to power up appliances you’ll need in making your products into more affordable and renewable energy.
Solution #2. Save Your Business by Saving Your Money.
One of the best things anyone can do during inflation – whether business owner or otherwise would be to save money. As you write down the plan for your new budget to be established, don’t forget to include “savings for emergency”. The savings doesn’t have to be a lot every month. Try to put at least enough money that you feel comfortable with. What’s important is that you at least get to save something, because your business may need it eventually in the future, especially considering that while the state of the economy may get better, nobody really knows when it will.
Solution #3. Get to the Top by Raising Your Prices.
This may not sound like a wise decision, because higher prices may tie up to losing your customers, but you will have to take this risk, because controlling your expenses may not be enough. Your products or services will most likely be in need of raw materials and due to inflation, those raw materials are most likely soaring to the roofs. In order to cope, you will definitely have to… Raise. Your. Prices.
Solution #4. But Still, Give Your Customers A Reason Why They Should Still Buy From You.
Before you stress out, it’s important to remember that every business that is existing is most likely also raising its prices, so you’re not the only one. Rather than thinking about whether or not your customers would still buy from you, it would be better to head over to your socials and do some convincing. Make your advertisements even more colorful and attractive. Use some psychological tricks such as conditioning that could get your customers to go goo-goo eyes for your business. Give them a reasonable reason as to why they should still buy from you. You can tell them it’s because your product still has the best quality that they can’t get from just anywhere, or how your product sets itself apart from other competitors.
Solution #5. Adjust and Embrace the “New Normal”.
If there’s anything that the onset of the pandemic taught us over the past two years, that would be spontaneously embracing change and the term which has become so popular to the entire world: the “New Normal”. And while the pandemic is quite over and done with as we slowly transition to our actual normal lives, that doesn’t mean that the concept of the “New Normal” is exactly done with us yet.
Over the course of the aftermath of controlling expenses, there is no doubt that as a business owner, you, your employees, and even your most loyal customers will be experiencing sudden change. What you can do is embrace this change which is now the “New Normal” for your business and turn it into something extremely positive. For example, if you have to cut costs with your product, it doesn’t mean that you have to stop being creative. If you specialize in art or have a trusted employee willing to help who does, then you can make affordable containers for your product that still really catch the eyes of your customers.
The bottom line here: make the change fun.
And when you do, we’re certainly one hundred percent positive that your business will be back on top and that your customers will be flocking to your store, saving you from inflation. And when that happens, you sure know who to call…
Go with Bling, the best business partner for the job! Handling orders can be difficult when done alone, but if you have Bling by your side, anything is possible.
Bling, after all, has the perfect social media CRM tools you can use for your business. With an auto-populating CRM for social media management, you can never ever miss a customer’s order ever again. You can also say goodbye to all that stress as with Bling, all your customer communication is in ONE place. You can finally embrace all those satisfying reviews, while also getting the chance to review your customers so that you and the business world within Bling can be safe from possible scammers.
It’s true that life has never been this good with Bling. All possibilities are literally just one click away!
If you still don’t have Bling, start your 14-day free trial now and get the best business partner anyone can ask for!