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5 Ways to Improve Your Business With No Additional Capital

5 Ways  to Improve Your Business With No Additional Capital

Businesses come in all sizes. There are corporations with huge capital that they can use, and there are small and medium businesses. For most small business owners, they have no other choice but to either loan or sell some of their properties to generate additional capital for their business.

Unfortunately, not all businesses have the freedom to borrow money or sell their personal properties. To solve this type of scenario, here are some creative ways on how you can improve your business without the use of additional funding.

1. Improve customer service

No matter how small or how big the company is, a negative review can alienate future clients and customers. One great way to boost your business is by improving customer service. By putting importance to your customer’s experience, there is a chance that they will be satisfied and decide to come back, or even recommend to more people to try your business.

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In order to improve customer service, start analyzing the usual problems and concerns in your product or service. Does it take forever to get a refund? Or perhaps, you don’t usually answer to their inquiries?

2. Take Feedback Seriously

There are instances when your best asset is the honest opinion of both your employees and customers. Employees have a unique insight to what could be improved in your business’ day-to-day operations. Instead of hiring a consultant to notice what’s wrong with your operations, you can rely simply on their suggestions and observations.

There is a chance that you can improve how you run things just by doing this. With their input, you can implement things that can make your overall operations go smoothly on a day-to-day basis.

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On the other hand, customer feedback can be considered free word-of-mouth advertising if you are doing well. However, keep in mind that it can also backfire. Word-of-mouth advertising is still important today. In fact, it has gone digital. In fact, 74% of consumers believe that word of mouth recommendations play a huge role in making a purchase. In addition to this, 84% believe online reviews made by people who they personally know.

What you can do is to learn from both positive and negative feedback of customers. Here, you can improve on several aspects of your business.

3. Create an Online Community

Another great way to expand your business is by being an active member of the online community. With blogs and social media, you can easily promote your products and services to the right market. And unlike traditional means of advertising, you can either do it for free or just spend a minimal amount of money.

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Once you have effectively made an online community, there is a chance that your very own market will advertise your products and services for free within their networks.

4. Developing Creative Marketing Strategies

For small businesses going up against large corporations, one of the things that they can do to compete is to be creative with their marketing strategies. Instead of funding celebrities to endorse the product, why not choose an influencer who could even promote the product simply with freebies?

Also, instead of having a TV advertisement, you can simply opt to have an online video to showcase your company. With tools provided by the modern World Wide Web today, you have a number of options to go for.

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5. Studying the competition

It is important that you study your competition. This is especially true for small startups. Though there are instances when studying your competition costs money, especially if you want to dig into the details, you can still learn a thing or two based on the most observable facts.

For instance, how exactly do they run their online marketing campaign? Do they focus on different products every month? What are the usual things that they do you can adapt to your company?

Conclusion

Running a business can cost a lot of money. However, you have to understand that you can expand and maximize your venture’s potential even with a limited amount of capital. In fact, there are ways on how you can improve your business without spending on anything.

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Last Updated on May 23, 2021

10 Best Free Job Apps You Need For Effective Job Hunting

10 Best Free Job Apps You Need For Effective Job Hunting

Seeking for the right job but not sure how to do it in a more effective way?

Try job search apps!

To make the job hunting process easier, I’m recommending 10 best job apps that can help you look for the right match anywhere at any time. The best of all? They’re all free!

1. jobandtalent

jobandtalent

    Great for browsing new jobs as you commute home via subway, bus or carpool, the jobandtalent app is like a Pinterest for job seekers.

    Easily browse, save and revisit job postings from your smartphone and receive notifications about jobs that match your professional qualifications.

    Download it for iOS and Android.

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    2. Jobr

    jobr

      This job hunting app is unique in that it lets you anonymously browse job listings based on your professional resume. If a company that you like also shows an interest in you, the app let’s you chat directly with a company rep. Great for getting your foot in the door and making a memorable impression.

      Download it for iOS.

      3. Monster Job Search

      monster job search

        I’m a big fan of Monster. It’s one of the first job sites employers think of when they want to list a new position online. The Monster Job Search app functions pretty similarly to the normal website, so it’s very easy to use for not-so-tech-savvy job hunters.

        Download it for iOS and Android.

        4. Jobs and Career Search

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        job and career search

          This is a good, simple app for browsing global locations for your next job. With a job index of more than 50,000 jobs listed globally, this app is a good choice if you are moving to a new area and want to line a new job up quickly.

          Download it for iOS.

          5. Hyper Networking Groups

          hyper networking groups

            This job hunting app isn’t so much a job hunting app as it is a connections hunting app. It’s great for learning who’s who in your desired field and forming connections. It also shows you how you and your industry connections are connected via your social networks, so you can follow up with them on your other social sites.

            Download it for iOS.

            6. CardDrop

            CardDrop

              CardDrop is an awesome job hunting app that let’s you digitally drop and pick up virtual business cards. This app is great for helping you make new connections at seminars, interviews, meetings and conferences. You can also attach social media profiles to the cards you pick up or send to enable easier connecting on social networks.

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              Download it for Android and iOS.

              7. Job Interview Questions

              interview questions both

                Okay, so this app looks kind of outdated, but it’s super useful for getting you into the swing of answering any kind of interview question that is thrown your way. The big benefit of using this app is that it explains to you what your interviewers motivations might be for asking you a specific kind of question. Learn what your interviewer is looking for in your answers and be more prepared for the real interview when the time comes.

                Download it for Android.

                8. 101 Interview Questions and Answers

                101 both

                  This app is great because it provides guidance about the kinds of answers you should give for each kind of question. Think of it as an essay rubric but for job interview questions.

                  Download it for Android.

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                  9. Job Interview Question-Answer

                  q and a

                    Feeling confident with your text-answered interview questions but concerned about doing the face-to-face interview? This app prepares you for interacting with your interviewer by simulating an employer asking you questions.

                    You can record your response and see what you look like to the interviewer to understand what movements, vocal pauses, etc. you need to work on.

                    Download this app for iOS and Android.

                    10. HireVue

                    hirevue

                      HireVue is a great job hunting app for those times when your interviewer wants to get some preliminary questions out of the way.

                      When an interested employer wants to interview you, they send you a request via HireVue and you can answer it in your free time, when you’re ready. Your interview might consist of a some FaceTime, some multiple choice questions or open-ended text answers and can be completed and sent to the interviewer when you’re finish.

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                      Download it for Android and iOS.

                      Featured photo credit: Yura Fresh via unsplash.com

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