Updated: Dec 11, 2020
This year, major corporations laid off their frontline workers for months (and eventually fired them and hired an entirely new staff or simply shut down for good). It has become very, very clear that your best bet is on employing YOURSELF and ensuring that your company is indispensable. There are four concepts that you need to incorporate in your company's infrastructure:
1. Monthly subscriptions - Your business needs guaranteed income and your workers need guaranteed work. By establishing set-price, recurring services or products, it makes your products and services more affordable to your buyers and cheaper for you as a supplier. Ask anyone if they would rather pay $5,000 or $500 for 10 months and more than likely, he or she would choose the latter. Your company will still make the $5,000 for the year without crippling the client. Offering payment plans and monthly subscriptions makes your company flexible and approachable. DM Web Services can help you turn any product or service into a monthly subscription. Don't believe us? Try us :)
2. Scale your business - You CAN'T do it all on your own. Furthermore, you shouldn't WANT to. What'd Snoop Dogg say? It ain't no fun if the homies can't have none? In order to 50x your business for 2021, you're going to have to expand by employing talent. For start-ups, it may be best to offer commission and bonuses to your workforce. Your business needs to be in more outlets, offering new services, using dynamic advertisement methods, and most importantly, you need new partnerships. Find people to barter services with and improve their business while they improve yours. Forming a symbiotic relationship in business is essential for all of you to survive. DM Web Services is proud to be in partnerships with MK Publicity, Legal Weapon, Reach Out Photography, and TiCo Enterprise. Interested in becoming a partner? We're listening.
3. Take advantage of virtual opportunities - Virtual business events are becoming a whole THING in 2020 and they will definitely be here to stay in 2021 as well. You need to work on your business's web presence, invest in equipment for recording and speaking, and INVEST IN A WEBSITE WITH DM WEB SERVICES. You can be making money in your sleep. Trust us - we do it all the time.
4. Set goals - In the education arena, at the beginning of every school year, students take a diagnostic test and their goals are individually tailored to the results of that test. At the end of the school year, students take a test to see if they met those goals. In between these two time periods, there are various interventions and specialists that work together towards the goals. Your business should work the same way; a good way to get started doing this is to set quarterly goals. What do you want your business to accomplish? What do you want your business to do for others? What do you want your profit margin to be? If at the end of the quarter you find that you are not meeting your goals, it may be time to explore some other options. Give your business a diagnostic to see where you all are and work towards improving.
Let's hear from you! Sound off in the comment section: how else can you ensure that your business is successful in 2021?
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