Small Businesses Urged Not to Put All their Eggs in One Basket Posted On : Apr-08-2009 | seen (528) times | Article Word Count : 372 |
Small firms that rely on one or two big clients for the bulk of their revenue are placing themselves at risk by putting all their eggs in one basket Wholesale Jerseys Online , say business experts. Small firms that rely on one or two big clients for the bulk of their revenue are placing themselves at risk by putting all their eggs in one basket, say business experts.
Business analysts have warned that a worrying number of small firms 鈥?typically service companies in the business to business sector 鈥?are relying on income from one or two main clients.
鈥淟inking the success of your business to someone else's so strongly is fraught with risk 鈥?especially in this economic environment Wholesale Jerseys Cheap ,鈥?says Amanda Walker, managing director of Bauxite Marketing and expert contributor to the Marketing Donut website Wholesale Jerseys From China , the one-stop marketing advice resource for small businesses.
In good times, the attraction of one main customer for a small firm is clear 鈥?it can mean predictable cash-flow Wholesale Jerseys China , secure profits and provide a strong platform for growth. At the same time, clients often like being looked after by a supplier that devotes most of their time and attention to them.
鈥淐lients love to feel important to a business as they believe it will get them the lion's share of your attention and the best value for their money. So it can be an attractive selling proposition Wholesale Discount Jerseys ,鈥?says Walker.
But for the small firm relying on one or two main clients, the threat is that those clients could go elsewhere for a better deal or may even be floundering themselves.
For firms that have all their eggs in one basket Wholesale Jerseys , it鈥檚 important to manage the risk and look for other sources of revenue, says Walker.
鈥淭his is particularly tough for small businesses as they don't necessarily have the resources to give the same level of attention to current and new business Cheap Soccer Jerseys Free Shipping ,鈥?she says. 鈥淪MEs should keep their current business strong by incentivising current customers to stay 鈥?through discounts for the longer term 鈥?and by offering minimum commitment contracts.鈥?br > Looking for new business has to part of the strategy, she adds. 鈥淎t the same time small firms should look at taking on a new business development manager on a freelance or commission basis so that they are building up a list of contacts and targets without a major staffing commitment.鈥?br > Meet a Tampa SEO Company
Posted On : Mar-03-2010 | seen (295) times | Article Word Count : 410 |
Meet a Tampa SEO company that specializes in marketing strategies for today鈥檚 evolving world. Internet marketing is on the rise and for good reason. Nearly every household in America has access to the World Wide Web. Meet a Tampa SEO company that specializes in marketing strategies for today鈥檚 evolving world. Internet marketing is on the rise and for good reason. Nearly every household in America has access to the World Wide Web. Now is a wonderful time to partner with a solid Tampa SEO company and really get you and your business noticed by those you care most about - your customers. Go ahead and take the plunge. Set up a meeting with that Tampa Internet Marketing firm and be open to a new way of advertising that does not include tangible print.
When you meet with an SEO company Cheap Soccer Jerseys Wholesale , be sure to ask the following questions. Doing so will help you gauge the professionalism of the company and their willingness to help you and your business reach the next level of success.
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