Effective Ways to Reduce Customer Churn

Every day, companies lose customers. The average business loses about 20% of its customer base each year. However, there are effective ways to reduce customer churn and retain as many valuable customers as possible. Here’s a look at the benefits of managing churn.

Long time customer meeting

Increase Customer Lifetime Value (CLV)

A company’s CLV is the amount of money a business expects to earn from each customer throughout their relationship together. If you can increase your average customer lifetime, then you are increasing your chance for revenue growth.

According to Harvard Business Review, you should aim for an average customer lifetime that exceeds the industry average by at least 50%.…

Continue reading →

What is an Extruder and Does Your Company Need One?

Extrusion enables the changing of the shapes of materials. This process transforms plastics into pellets and tubes. Because of this, many industries use extruders because of the vast advantages they could provide. Generally, extrusion makes production and manufacturing faster because of its continuous operation. Apart from it, it typically offers a better output as to quality and quantity.

Extruder

Extrusion is standard in the industries of production, engineering, and agriculture. If you’re working in any of these industries, you may want to know more about this machine. Suppose you want to learn everything about extruders, here’s an article that could guide you.…

Continue reading →

How to Make the Most of Small Business Success

Many businesses naturally undergo ups and downs. There will be episodes of a great boom while others will be sluggish. This is usually precipitated by various factors such as prevailing economic conditions, changing consumption patterns, and internal factors, among others.

Small business success

If your business is making a killing and enjoying a period of tremendous success, you should take advantage of such times to compensate for low periods. Here are five tips on how you can make the most of small business success.

Manage Your Personal Debts Better

Personal debts can cripple your progress if there is a huge cash outlay to settle personal debts such as a mortgage or student loan.…

Continue reading →

Top Careers with Potential to Become Business Opportunities

Careers play a critical role in people’s lives. A new generation of workers, known as “millennials,” are taking on more varied career paths and becoming entrepreneurs early.

Graphic designer

With the rise in entrepreneurship, there is also an increase in the number of available jobs that can become business opportunities for those who are wise enough to take notice. Here are some careers with high growth rates that can be turned into successful business opportunities.

Graphic designers

One career with potential to become a business is graphic design. With technology, anyone can become an amateur designer and offer their services to businesses for little or no investment.…

Continue reading →

Exploring the Benefits to Managed WordPress Hosting

In the world of doing business online, your success is almost exclusively dependent upon the reliability of your website.  Hacks, crashes, and slow upload times can mean a significant loss in sales and customers. So when you’re thinking about improving your website, you need to think first about your hosting service.

Managed WordPress hosting

But what kind of hosting is best for your SMB? Great question because there are so many to choose from such as shared hosting, dedicated, VPS, and others. However, there is one hosting service that stands above the rest in advantages, and that’s managed WordPress hosting. So if you’re asking what is managed WordPress hosting, and wondering about the benefits of this service, read further for answers.…

Continue reading →

Lessons in Branding: Companies Who Do Logo Design Right

Visuals are a big and important part of branding, and while many little pieces make up that brand identity, the first and most important thing is the logo. The logo is the entryway into your brand. It’s meant to be something people will know and recognize as soon as they see it.

Audi

photo credit: Lalesh Aldarwish / Pexels

When a brand has an iconic logo, it’s carries through in everything they do, from the packaging, and the website to the social media, and how people feel about interacting with it. That’s why coming up with a logo is an important part of brand design, and something that has to be taken seriously.…

Continue reading →

How a WordPress Site Can Be Your Best Small Business Asset

Any entrepreneur will tell you that running a small business is not for the faint of heart. The daily hustle, millions of decisions, tons of data, and constant questions can be exhausting. Plus there are overwhelming investments you make to improve your small business.

WordPress

Whether it’s sweat equity, time, or money, you’re likely pouring a ton of resources into your endeavors to make your venture a success.

Thankfully, some aspects of running a SMB can be refreshingly uncomplicated. For instance, using a WordPress site for your small business can be surprisingly simple to do and can actually make life easier for many small business owners.…

Continue reading →

How to Invest in FTSE 100 Efficiently: A Comprehensive Guide

It is no secret that Investing in FTSE 100 can be a great way to earn money. Investing is also a good way to diversify your portfolio and minimize the risk of investing in any one company. However, not all Investing strategies will work for you, so it pays to do some research before making an investment decision.

FTSE 100

This guide will provide you with information about Investing in FTSE 100 as well as Investing strategy tips that others have found helpful!

What is FTSE 100?

FTSE 100 is an Index that tracks the performance of top companies listed in London Stock Exchange (LSE).…

Continue reading →

8 Essentials For Remote Working

Remote working is becoming the norm and that means more people will need to learn how to work from home. While some workers may have spent time working from home on occasion, full-time work from home roles are becoming more popular for employers. There are a lot of benefits both for the employee and the employer when they leverage the power of a work from home base.

Remote working

When you’re the one working from home for the first time, it’s critical to think about the following essentials. They’ll help set you up for success.

1. Dedicated Office Space

Working from home comes with a lot of distractions.…

Continue reading →

How Upselling Can Maximize Your Catering Business

If you have a successful event planning venture in the catering industry, then you’ve probably invested blood, sweat, and tears to make it thrive. Kudos to you! But are you taking advantage of every opportunity available in your niche?

Children catering business

For example, if you specialize in catering for children’s events, are you making every effort to capitalize on this venue? If you’ve asked yourself these questions, then we have a few ideas about how upselling can maximize earning potential for your catering business.

The Art Upselling and How it Can Maximize Earnings for Your Catering Business

The best way to squeeze optimal revenue for your catering service lies in the art of upselling.…

Continue reading →