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Insurance Marketplace, Inc Blog

Tips For Small Businesses In 2021

7/19/2021

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Picture
When the COVID-19 pandemic hit in 2020, people were traveling less in the streets and more time was spent on the internet. There was a rise in the number of small business start-ups, especially online.
​
Here are some tips for owning and maintaining small businesses in 2021:
  1. Get out of your comfort zone
    Since being in a business has become routine, from logistics to selling, your customers may need to find someone new. Do not hesitate to try something new to introduce to your current clients that might want your product or service. If your small business doesn’t have an online presence yet, you better start now as it is where the marketplace is.

  2. Be visible to your customers.
    Even if communication is not face-to-face, customers will always want you to reach out for their inquiries and concerns. Stay in touch, and your customers will follow.

  3. Study your numbers.
    Be updated on your customers’ needs by collecting and taking action on the data that they provide. The data should include an email address of clients and potential clients who visit your website. Data should also include location, age, gender, and interests. With the collected data, you can know what products or services can entice them to buy.

  4. Stay true to your brand.
    Your brand is what embodies your business and its goals. Take your time building one and prepare your marketing resources for it. Creating a brand includes a logo, websites, social media accounts that can immediately say who you are.

  5. Resolve issues professionally
    Even if a customer claims a false review about your product or service, always remember to keep it professional. If the claim is valid, record, assess, and define a solution to reprimand and prevent it from happening again.

  6. Be Prepared
    As a business owner, one must know that the market can be very competitive and unpredictable. With this kind of environment, a business can fail. However, an intelligent business owner should have a backup plan. It may be a secondary product line or compensation to employees covered by insurance companies.

Final Thoughts
Running a small business is not a small task to take. It requires full attention, focus, time, energy, and determination. However, if these factors fall short, you can fail in business.

At Insurance Marketplace, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 779-0177. Get your free quote today by CLICKING HERE.
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