Knowledge is power and you want to be on the side of knowledge. By asking questions, seeking feedback from your customers and providing them with data you can build relationships with them in a transparent way. You’ll develop a much deeper relationship with your audience, it will help you understand how they respond to certain messages or products and the conversations that lead to purchases. Small businesses can benefit from intelligence gathering and analysis. Intelligence gathering can be as simple as learning about your competitors and the general makeup of their business, to more sophisticated tasks like investigating trends in your industry or identifying new sources of potential leads. Get started by learning to think analytically and look in the right places for answers to any questions you have about your business' future. Competitive intelligence is the primary way you’ll gain the knowledge you need to stay ahead of your competitors. In this article, we’ll explain the concept of competitive intelligence (CI) and dig into some of the most important types of CI. It won’t take long for you to realize that CI can greatly affect your business in many ways. Because it can give your company a leg up on its competition, it has become one of the fastest growing segments in business today
Read more ...Social media presence is one of the main activities for all businesses today.
Read more ...If you think the best thing about social media marketing is how easy it is to get started, think again! The ability to connect with people on a truly personal level has opened up so many new doors for brands. But to be successful, that communication needs to be real. And that means being authentic, flexible and scalable – all of which are difficult when social media marketing first starts out.
Read more ...A cost-benefit analysis is a systematic process used to analyze which decisions to make and which to forgo. Treating a potential benefit or loss as a dollar value, the analyst then subtracts the total costs associated with taking that action. The resulting figure is called a net benefit; if it's positive, then investing in the project is worthwhile; if it's negative, then it isn't. Some analyzers also build models to assign dollar values on intangible items, such as goods and services, health care benefits and risks, and so forth.
Read more ...Work is a fundamental activity and crucial to culture of any organization. It helps to improve efficiency, productivity and competitiveness of an organization. This course will explain the role of work in business and how it relates to competitive advantage E-CRM software is a customer care and management application that was born, effectively serving business operations. E-CRM software has a number of features such as customer service management, customer communication and sales leads generation etc. E-CRM software can do more than just managing customers; it also helps to track customer activities and collect data to be used in other applications, like marketing automation. Magenest is specialized in developing website, E-Services and CRM Software.
Read more ...There are a number of marketing strategies that can help the small entrepreneurs in their business activities. Marketing strategies can be divided into two major categories – internal and external marketing strategies. Internal marketing strategies are those that a company uses to increase sales, reduce costs, minimize risk and influence other employees to perform well. External marketing strategies focus on attracting potential customers through advertising or communication with companies or individuals outside of your organization.
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