7 Growth Hacking Ideas that will Boost your Startup

Published on: 08 January 2019 Last Updated on: 08 August 2019

Everyone is always looking for new and fresh ideas in business to develop solutions for problems or to address a market need. Ideas that have never been thought possible before are the seeds that plant startup companies. Startups are usually small and financed by one or a handful of individuals. The risks are high but when startups succeed, they succeed exponentially and some ultimately become unicorns. Some unicorns you may be familiar with which are valued at over $1 billion dollars are Uber, Xiaomi, and Airbnb. Today’s business landscape is encouraging enterprising people to establish their own startups since communications and technology are advanced enough for people to bring their ideas not only locally but worldwide. To grow your startup quickly and gain millions of customers to increase sales and revenue you should follow some startup growth hacking ideas.

1. Offer something for free:

When you offer something for free, demand for it quickly increases. It is a proven human instinct that people will snatch up anything that’s on discount more so anything that is free. When people take the free products and services you advertise and introduce it to a wider audience, you set the stage for your products and services to be part of people’s lives and sooner they develop a familiarity with it or even a dependence on it. The effects of offering something for free is very powerful and has an instant effect on your business: you build your user base much more quickly and speed up customer acquisition. You can actually build revenue when you offer something for free by offering upgrades to products and services at a cost.

2. Increase funds to expand your business:

If you believe in your products enough, you can get like-minded people to invest in it through crowdfunding. Crowdfunding helps you interact with people who already have similar ideas and it gives you better knowledge if your products and services will generate interest.

Crowdfunding sites such as Kickstarter have raised $220 million dollars from 61,000 launched products. Prepare to make a video pitch of your product, what makes it valuable or useful, and why you need support.

You can go the traditional route and apply for a loan in a bank or a choose fast and convenient online cash advance. For a startup you may qualify for a small business loan, however, you may need to meet some financial requirements to qualify depending on your bank or lender. Typically, they will look into your credit score, annual business revenue, and the number of years you have been in business.

3. Work hard:

If you believe in your vision you must work hard to make your startup a success. You have to commit and regularly review your business plans and be constantly diligent and passionate about your business. Do your research to refine your products and services to make it more competitive. Take care of your colleagues and employees since they will have a large role in your success.

4. Feedback matters:

Feedback matters in a startup to create a culture of openness and awareness. Feedback helps your team or employees know what behaviors to change so they will always be in their topnotch performance. Concurrent with that, feedback from your customers is gold. Knowing how your market reacts to your products and services gives you leverage in adjusting, modifying or continuing with the products and services you have already established.

5. Leverage the distribution channels:

Consider the different distribution channels you want to use and make sure to devise a strategy to maximize profits in that channel. Do not confine yourself to one distribution channel because it may impede growth and scalability. Go for multiple channels to increase the possibility of getting more sales. Do not allow one channel to grow out of control at the same time do not restrict it since this will reduce market access. You should follow the best strategy that will work for your company in each channel.

6. Launch a program to reward loyal customers:

You can give gifts to your loyal customers such as pens and giveaways that have your company’s logo on it or you can give away some of your services and products for free at a given time of the year such as holidays. Regularly giving gifts to your customers will increase brand awareness and loyalty. Your customers can give you leads, giving you more reach and visibility.

7. Marketing:

Marketing can help boost your startup immensely. One viable way to start your marketing campaign is referrals through friends, family, and influencers since they convert leads much faster. You can also opt for partnering with a bigger brand for projects where you can mutually benefit.

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Starting An Ecommerce Business: 9 Easy Tips For The New Entrepreneur

Are you ready to launch an eCommerce business? Many entrepreneurs have great ideas but don’t know how to start an online business. Many processes are involved, such as learning about SEO and choosing the right ecommerce marketing agency. With the right approach, you can create a successful online store that grows and evolves with your needs. Here are some tips to get you started on the path to success. Top 9 Facts To Keep In Mind While Starting An Ecommerce Business 1. Choose Your Niche The first step is determining what product or service you want to offer. Focusing on a specific niche can be helpful rather than trying to appeal to everyone. Think about what products or services would be most beneficial and rewarding for you and your customers, then research those markets further. 2. Understand Your Audience Before setting up a website or building an inventory, understand your target customers and their wants. You need to deeply understand their needs and preferences if you're going to create an effective eCommerce strategy. Knowing your audience will also help you determine which products or services you should offer and how best to market them. 3. Choose the Right Platform Once you know who your customers are, it's time to choose the right platform for your eCommerce business. There are many different eCommerce platforms available today, so make sure you do some research before making any decisions. Look at features such as scalability, security, payment processing options, customer support services, etc., before deciding which one is the best fit for your business model. 4. Build an Effective Website Integrating a punchout catalog enhances the effectiveness of B2B e-commerce websites in multiple ways. A streamlined procurement experience improves efficiency and encourages repeat visits. Real-time product information ensures accurate buying decisions, while personalized pricing and contract compliance build trust and strengthen relationships with customers. The inclusion of a punchout catalog provides a competitive advantage, showcasing a modern B2B purchasing approach. Stronger supplier relationships foster ease of doing business, leading to higher conversion rates and increased sales due to improved user experience and personalized pricing. Moreover, the integration expands market reach, attracting more B2B customers, and embracing punchout catalog technology demonstrates a commitment to innovation and modernization. 5. Optimize Your Site For SEO SEO (Search Engine Optimization) helps ensure that potential customers can find your site when they search on Google or other search engines. Spend some time learning how SEO works and how you can optimize your site accordingly so that more people can find it easily online without having to type in a specific URL address every time they want to visit it. 6. Invest In Quality Customer Service Providing quality customer service is vital for any successful eCommerce business – especially if you're selling products or services online where face-to-face interaction isn't possible! Make sure to answer all customer inquiries promptly and professionally so that customers feel taken care of no matter what issue they might have with their purchase or experience with your company. 7. Stay On Top Of Trends The world of eCommerce is constantly changing due to updates in technology and evolving customer preferences, so make sure that you stay up-to-date on current trends to remain competitive in the market and keep up with customer demand as much as possible! You should also invest in analytics tools such as Google Analytics to track visitor behavior on your website over time and make changes accordingly when needed. 8. Invest in Security Solutions Security measures are essential when running an eCommerce business. After all, you’re dealing with sensitive information such as credit card numbers and other personal data belonging to customers who trust you with their information. Be sure to invest in reliable security solutions such as encryption technology and firewalls to protect yourself and your customers from potential security threats like fraud or identity theft. 9. Promote Your Store Once everything is in place, it's time to start promoting your new eCommerce store! From social media campaigns to utilizing an eCommerce marketing agency, there are lots of ways that you can get the word out about your new venture. This way, potential customers will always find their way back to your website! Final Thoughts Launching an eCommerce business requires hard work, but with enough dedication, it can become enriching both financially and personally! By following these tips—from choosing your niche to making sure your website is secure—you'll be well on your way toward creating a successful online store from scratch! Additional: 7 Rules of Effective Ecommerce Web Design Ecommerce Software Development Trends How a B2B Payment Solution Can Aid Your Ecommerce Company? Top 10 Cybersecurity Features That Are A Must-Have In An Ecommerce Store

7 Startup Ideas for Young Entrepreneurs

Everyone wishes to start their own business. But they may face many difficulties like not having enough capital to invest, lack of research ideas, and so on. Some points should be taken into consideration while starting up a business; For starting up a business one needs to invest their time and money. Entrepreneurs with excellent research skills develop great marketing strategies. At the same time, if an entrepreneur has a unique business idea, Private Limited Company Registration can be useful to gain more benefits from the Government. While starting up a business one should know the demand of the consumer and act upon it. Every startup requires a proper business plan with a vision, mission statement, and a set objective. Next, an important point which an entrepreneur must take into consideration is whether his business must conduct online or offline; if offline then will it be an office-based or home-based business. It is all dependent on the product or services which has offered. No one can reach a successful path without crossing the hurdles. And there are still many young entrepreneurs who struggle to build a successful business. So, for those young entrepreneurs, here is this article that will help you out in deciding the best startup ideas: 1. Online Freelancing Idea Online freelancing includes content writing and data entry. For content writing, entrepreneurs need excellent communication skills. Firms hire people for content writing. This business is purely online based. Many companies need people to write content for them. The organization outsources these services. Entrepreneurs need to be good in their language and thinking power. Those skills can help them to start their online freelancing services. Here the entrepreneurs need no investment. Their income entirely depends on the organization's goodwill and the number of services provided by them. 2. YouTube Channel After Google, Youtube is the second largest search engine. Youtube is a platform for innovative and creative individuals. Many people create exciting videos and post them on youtube and make millions of money. Also, YouTube helps to get fame. This business idea is like a low investment and high returns. The advantage for the user is - YouTube is an independent platform where a user can create his channel and upload their video for free. There is no restriction about the video topic. YouTube also pays money for famous YouTubers. 3. Hand-Made Creative Jewelry Idea Nowadays, youngsters both male and female are doing this business. You need the skills to make this jewelry art. The primary material for making this jewelry is available both online and offline store at a cheaper cost. The demand for customized and handmade designs is very high among youngsters. This creative jewelry can sell through an online platform where there is more scope of sale and can also sell offline to friends, families, and relatives. Price of the product is dependent on the design of the jewelry. 4. Event management Those entrepreneurs who want to start up their business as Event organizers can start with small events like a birthday party or companies meetings. In this type of business, the event organizer requires workforce and other related services on a temporary basis. Event management coupled with creative and innovative thinking is a bonus. Contacts of suppliers and vendors act as the most significant support system. Here the goodwill matters a lot. The event organizer gets orders only through his past event management. These are relatively expensive business ideas the return of income is highly good. 5. Food Delivery Service Idea Food Delivery Service Idea is a growing and popular business idea where the profit is very high compared to any other services. In this busy world working professionals hardly get time to cook food. The customer tends to get attracted to those types of business services where it makes their routine work quick and simple. This business Idea is highly in demand. In this type of business, the investment is quite high at the same time, the return of income is moderate. One also needs human resources to deliver the cooked food to the consumer. You can start small by personally delivering orders within your local area and using a routing app to get routes ideal for multiple stops. 6. Bakery business Bakery businesses need high skills. Even an entrepreneur can start a bakery business by appointing an expert. Though a brand plays a vital role in people's minds in bakery business customers, usually prefer homemade bakery cookies, pastries, and cakes. In this business idea, investment depends on the size of the business. Nowadays, online bakery selling is also booming. You need a few contacts and marketing strategies to showcase yourself as unique from others. Social media helps in advertising your product. 7. Coaching class This is a services-based business where the return of income is very high. This business is a home-based business idea. Where entrepreneurs need to be expert in the subject which he or she is going to teach students. School teachers or college professors can also start this business for extra income. And the person who is illiterate can even start this business by appointing professionals to teach the students. Here the investment is a little higher. Conclusion Afleo has come with the best startup business ideas for young entrepreneurs. Any plan to succeed takes time. The same applies to startups. Hope this article helped you out to choose your business idea. Cheerful Reading! Read Also : Six Low-Investment Business Ideas You Can Start Today Make Your Business Popular Online

How to Set Up Business in the DMCC Free Zone?

Do you want to start a business abroad? What about going to Dubai? If so, the DMCC Free Zone is a great place to do it! The DMCC Free Zone offers businesses several benefits, including tax exemptions and 100% foreign ownership. In this blog post, we will discuss the process of setting up a business in the DMCC Free Zone. We will also provide some tips that can assist with starting a business here. If you are interested in getting additional information on DMCC free zone, check out 5 Things To Know Before Setting Up Business in DMCC Free Zone. What is DMCC Free Zone? The DMCC Free Zone is a special economic zone in Dubai that offers businesses several benefits, including tax exemptions and 100% foreign ownership. The DMCC Free Zone is located in the Jumeirah Lakes Towers (JLT) district of Dubai. Businesses in the DMCC Free Zone can enjoy preferential rates on office space, utilities, and other business-related costs. The DMCC Free Zone is a great place to start a business in Dubai because it offers some benefits, including: Tax Exemptions: businesses in the DMCC Free Zone are exempt from corporate and income taxes. 100% Foreign Ownership: businesses in the DMCC Free Zone can be 100% foreign-owned. Preferential Rates on Office Space: businesses in the DMCC Free Zone can enjoy preferential rates on office space, utilities, and other business-related costs. To set up your business in the DMCC Free Zone, you will need to follow these steps: Step One: Choose a Business Activity The first step in setting up your business in the DMCC Free Zone is to choose a business activity. There are over 100 different activities that you can choose from, so be sure to select one that is relevant to your business. Once you have chosen an activity, you will need to obtain a license from the DMCC Free Zone Authority. Step Two: Obtain a License The second step in setting up your business in the DMCC Free Zone is to obtain a license from the DMCC Free Zone Authority. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a license. Step Three: Register Your Company The third step in setting up your business in the DMCC Free Zone is to register your company with the Dubai Companies Registry. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a certificate of incorporation. Step Four: Open a Bank Account The fourth step in setting up your business in the DMCC Free Zone is to open a bank account. To do this, you will need to submit an application form and provide the required documents. Once your application has been approved, you will be issued a bank account. You can read this SmallBusinessHQ guide on bank account to know the detail. Step Five: Obtain a Visa The fifth and final step in setting up your business in the DMCC Free Zone is to obtain a visa. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a visa. Hiring Employees in DMCC Zone? If you are planning to set up your business in DMCC Free Zone, it is important to note that businesses are required to hire at least one Emirati national. To do this, you will need to submit an application form and pay the required fees. Once your application has been approved, you will be issued a work permit. This is just a brief overview of the process of setting up a business in the DMCC Free Zone. For more information, be sure to check out the DMCC website or contact a professional service provider. DMCC Ensures Safety of Investors and Businesses The DMCC is committed to providing a safe and secure environment for businesses and investors. To this end, the DMCC has put in place some measures, including: A 24/hour security force A state-of-the-art surveillance system A dedicated firefighting team CCTV cameras throughout the DMCC free zone A dedicated customer service team These measures ensure that businesses and investors can operate in the DMCC Free Zone without fear of crime or violence. The DMCC is also committed to providing a high standard of living for its residents. To this end, the DMCC has put in place many facilities and amenities, including: A world-class healthcare system A variety of educational institution A wide array of different leisure and recreational facilities A state-of-the-art transportation system World-class hotels and restaurants. In Conclusion If you're thinking about starting a business in Dubai, the DMCC Free Zone is a great option. With its many benefits, including tax exemptions and 100% foreign ownership, the DMCC Free Zone is a great place to start your business. Be sure to follow the steps outlined in this blog post to ensure that you set up your business correctly. Read Also: Creative Pop-Up Event Ideas for Your Business Insurance Business: What Startups Need To Know Startup Business Management: How to Effectively Incorporate Use of SEO The Ultimate Guide To Guest Posting: Scale Your Business In 2022

7 Growth Hacking Ideas that will Boost your Startup

1. Offer something for free:

2. Increase funds to expand your business:

3. Work hard:

4. Feedback matters:

5. Leverage the distribution channels:

6. Launch a program to reward loyal customers:

7. Marketing:

How to Attract the Best Talents for Your Startup

Six Tips for Crowdfunding Success

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

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Starting An Ecommerce Business: 9 Easy Tips For The New Entrepreneur

7 Startup Ideas for Young Entrepreneurs

How to Set Up Business in the DMCC Free Zone?

7 Growth Hacking Ideas that will Boost your Startup

1. Offer something for free:

2. Increase funds to expand your business:

3. Work hard:

4. Feedback matters:

5. Leverage the distribution channels:

6. Launch a program to reward loyal customers:

7. Marketing:

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How to Attract the Best Talents for Your Startup

Six Tips for Crowdfunding Success

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related