Take Advantage of Partnership As They’re A Key To Business Growth

This is one of the most efficient growth hacks for entrepreneurs and business owners. A partnership is simply joining forces to excel. For example, if you have 2,000 followers and another business in a related field has 3,000 followers, partnering up will help increase both businesses’ reach to 5,000.

“According to Bain & Company, a 5 percent increase in customer retention can mean a 30 percent increase in profitability for a company.” said  Ryan Holiday in his famous book “Growth Hacker Marketing”

Partnering with other businesses in a related field is one of the fastest ways to grow. Communicate with another entrepreneur or business owner with a convincing proposal to collaborate to boost both businesses.

  • When searching for partners, avoid direct competitors.
  • Search for businesses related to your product/service and propose an offer to unite what you both provide to offer bigger value and for a wider audience.
  • Contact potential partners professionally with a phone call or an email.
  • Partnerships could be by making packages, sharing each other’s posts, or simply tagging one another.
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The Correct Way To Success: Excel In Unpopular Channels

The industry you’re in might be too competitive to succeed in and have a noticeable brand in, thus competing on famous social media channels like Instagram, Twitter and Facebook isn’t an option. The solution here is by starting to build awareness on smaller social networks that you can gather an audience on and shift them to your website.

“Business opportunities are like buses, there’s always another one coming.” – Richard Branson

If your field is way too competitive to grow your business in, start low with unfamiliar social media channels and grow from there.

  • Look for opportunities your competitors aren’t seeing.
  • Building awareness isn’t necessarily related to starting from famous networks.
  • Start low and scale up gradually.
  • Build a community from unknown social networks and shift them to your website and other channels.
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The 80-20 Rule Is Bound To Make An Impact In Your Business

The 80-20 rule, or the Pareto principle, simply states that 80% of consequences come from 20% of your causes. In other words, see what specific tasks bring you your desired results and focus your results on them. For example, if you allocate 1 hour daily for social media engagements and 1 hour for sending emails to potential leads, and at the end of the day,, you notice that you’ve got no response from anyone on social media but you got 2 replies on your email, then shift your efforts to email marketing instead.

“Those who seize the day become seriously rich.” As said by Richard Koch.

Always check what tasks are bringing you the results and shift your focus and efforts on them.

  • Avoid wasting time on tasks that don’t bring results.
  • Focus your productivity and time on tasks that work.
  • Most of your conversions might be from simple tasks you’re doing.
  • Working hard doesn’t mean you’re being successful, it’s working smart that matters.
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If You Are Not doing a Time Audit, You’re Failing At Time Management

If You Are Not doing a Time Audit, You’re Failing At Time Management

Numerous business owners and entrepreneurs underestimate a lot of their tasks thinking it won’t need much time thus allocating less time than it needs. For example, one of the tasks might be writing an email so you’ll say it’s super easy and it won’t take more than 5 minutes, but it needs research on what to write, to whom, and with what tool will take around 30 minutes at least.

“Either run the day or the day runs you.” Jim Rohn said. 

Most humans are bad at estimating how much a task needs to be done so they underestimate it. Don’t waste your time and productivity and do your research on every single task.

  • Audit how much a task needs time to be done.
  • Allocating less time than what a task need will fail your schedule.
  • Every task needs a specific time to be done, research it for better time management.
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Do You Need To Focus On One Task At A Time To Be A Good Marketer?

There’s a large misconception that multitasking is always beneficial for a business as it means finishing more tasks in less time, but the truth is that tackling multiple tasks at once is a big waste of time as recent studies by neuroscientists show that we can’t focus on more than one thing at a time.

“People can’t multitask very well, and when people say they can, they’re deluding themselves,” Neuroscientist Earl Miller says.

Multitasking does not work if you’re aiming for a successful business as you’ll be wasting time. Focus your whole efforts on one task at a time as that is the most efficient way to work.

  • Cramming up tasks at once will lead to failure.
  • It is said that humans can’t focus very well on more than one task at once.
  • Finish one full task alone before moving on to the next one.
  • Don’t waste your time and effort by being delusional that multitasking is a shortcut for success.
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Imagine You Set Goals And Prioritize Them Like An Expert

Setting measurable goals helps in measuring the success of your work and effectively tracking the progress you’re making. This way, if something unexpected comes up during your day, you know you have finished the most essential tasks, and the less important ones are left.

“People with goals succeed because they know where they’re going.” Earl Nightingale.

One way to avoid putting your productivity in the wrong place is by putting in daily goals and prioritizing them.

  • Always have goals prioritized according to importance.
  • Complete crucial goals first then proceed with less important ones accordingly.
  • Having a daily work plan allows you to track your progress.
  • Setting measurable goals is key for reaching desired results.
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Want A Thriving Business? Focus On Getting Up Early!

Ask any successful business owner what time he wakes up, and you will definitely notice a rhythm among all of them, which is waking up at the crack of dawn to take full advantage of their day.

According to CNBC, the world leader in business news and real-time financial market coverage, some of the most successful business owners who wake up before 6 AM are :

“Apple CEO Tim Cook who starts his mornings at 3:45 a.m., Ellevest CEO and co-founder Sallie Krawcheck who wakes at 4 a.m. and Oprah Winfrey, Michelle Obama and Indra Nooyi have been known to rise at the crack of dawn.”

“I’m a big believer that how your day starts is really important,” says Bob Ferguson, Attorney General of the state of Washington.

Training yourself to have a habit of waking before dawn to focus on your goals will make your day much more productive, will boost your business, and will give you time to focus on your personal life.

  • Waking up early allows you to be more productive throughout your day.
  • The serenity you’ll have in the morning makes you think more clearly.
  • It allows you to have more personal time.
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