Giga Growth Ventures
11 Tips to Find Success as an Entrepreneur in the Digital Age
The digitalisation of businesses primarily refers to the process of converting the whole or part of any business into an online model with the help of digital technologies. This has been an active phenomenon in the business industry long before the entry of Covid-19 to the world stage. But with at least two years of life in the pandemic and the restrictions it imposed on any kind of movement, the amount of businesses adopting the digital model shot up like never before. Indeed, as has been said, the pandemic stimulated the digitalisation of all kinds of things by at least five years. That said, the process is never too easy. Even for a tech-savvy entrepreneur, the social practices and guidelines while adopting digitalisation may seem strange. So, here is Gigapreneur with some basic but condensed guidelines to succeed as an entrepreneur in the digital age.
Know your target audience
It is vital for the business to know who it is selling to and customise itself accordingly. While going online can disrupt the direct means of identifying the audience, it is nevertheless important to maintain the data regarding who you want to sell to. Maintain a data set that indicates their primary characteristics such as age, gender, location etc. This helps you to streamline business if you need to, such as in the case of delivering content specific ads to the customers. Even other marketing strategies are often dependent on the specificities of the group it is going to target.
Make sure to leave a legacy of reliable service. In an online world, the boundaries get diminished, and so do the time zones. As the customers log in from anywhere in the world, at times comfortable to them, the need to maintain fluidity with respect to time rises. Even otherwise, planting clear markers of time on the website and sticking to it can raise the value of the service. Customers are on the lookout for reliable service, and even amazing content might not persuade them to stay back if the service is erratic.
Be on top of changes
You need to do your research when it comes to tools. Identify the tools that are useful to the business and help you achieve the highest productivity. It is best to get comfortable with the few tools that you think best suit your business instead of jumping from one to the other or using more than what is necessary. Often, it is not the number of tools that decide productivity but rather the right combination and usage of the tools that are available to you. Also, getting comfortable doesn’t mean staying back on the tool even after it has surpassed its time limit. Technology is so dynamic that it comes up with newer tools for the world that change every moment. It is necessary to be on top of the changes if you want to continue with the momentum.
Foolproof the website
One of the most fundamental things about owning a digital business is the need to maintain a fool-proof website. A hassle-free website should be the top item on your priority list. It invites more visits and coaxes the customers to leave good reviews. On the contrary, a buggy website can cause even loyal customers to cease the service of the website or the business as a whole.
Make your business mobile-friendly
As has been shown by several studies and sheer empirical data, it is only necessary that you optimise your website to enable its accessibility through mobiles. Much of the passive and a lot more active browsing is done through mobiles or similar devices. Convenience and availability have a lot more importance in attracting customers than one thinks. Ensure that your digitalisation process involves mobile optimisation in its priority list.
Social media marketing for life
Social media marketing is one of the least expensive and convenient ways for entrepreneurs or even larger businesses to garner momentum in today’s world. With the right skill, ideas and research, you can effectively tap into the unparalleled consumers of social media and divert their attention to your business. However, take care to diversify the presence on social media and attempt to gain a foot on more than one platform.
Optimise your content for search engines
Despite doing all the right things, it is very much possible to remain invisible in the online world. How do people get to know that your entrepreneurship exists without it having no way to reach them? Customers certainly have several options to choose from. So, it falls solely on you or the entrepreneur to make it available to them. Here is where SEOs, or the technique of search engine optimisation, come in. It is often defined as the process of improving the visibility of a website or page by effectively directing the traffic from search engines to them. Even though considered outdated today owing to the outsmarting of updates from google to identify optimised keywords, it still plays a huge role in bringing your website in a search result.
One thing to keep in mind while going digital is that, unless you have an incredibly distinct and new idea, there is a high chance there are several other similar businesses offering the same services you offer. So it is necessary that you differentiate your business from others. Be it in the presentation of your website to customers or through its content, try to maintain the distinctness that is very much valued in the current world. A lot of businesses- big or small depend on this factor of differences to maintain their demand.
Content is King
If you are opting for digitalisation, make sure that you will be able to provide high-quality content constantly. Even when digitalisation widens your ambit of reachability and hence the scope of business, it also increases the options for customers. Especially with globalisation, the number of people that prefer quality over affordability has considerably increased. Maintaining high quality can also help you create a brand for yourselves much easier than those with questionable services.
Offer full-time redressal services to the customers. Often for entrepreneurs, proper redressal systems play a pivotal role, considering the importance of each customer to the business. Customer service also involves understanding user satisfaction. It is imperative for any business, but especially for entrepreneurship, to receive feedback. It helps them build better. The provision of streamlined and customised services portrays the significance attributed to each customer by the business and often persuades a lot of customers to stay or even become loyal customers.
Know your competitors
With digitalisation, it is much easier to know one’s competitors. All you have to do is search Google or any other search engine, just like a customer. Nevertheless, understanding the competitor takes time and is not as easy as knowing them. However, if you are able to identify the major factors that distinguish or place them above you, the time and effort are worth it. It is also imperative to use these as feedback for your own business.
While it is difficult to ensure an entirely successful digital transformation solely through these methods, these will definitely be of help. As said, the pandemic has pushed the globe a lot more into digital business than it would otherwise have. With even the well-established brands and businesses taking their steps into digitalisation, it has, without question, become one of the most basic requirements for any successful business. So, with these 11 practices, let’s get you ahead in this digital world and immediately so.