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shermin sathi
Apr 12, 2022
In Fashion Forum
In addition to the stress of entering a new and possibly saturated market, small businesses also face economic pressure to generate profits with limited budgets and resources. All of these factors play havoc. According to the Small Business Administration , about 20% of new businesses will fail in the first year. One of the best ways for small businesses to grow is to add new leads to their pipeline and convert those leads into customers. However, this is easier said than done. According to our State of Small Business Marketing Guide , the majority of owners say their biggest small business marketing challenges are increasing leads and acquiring customers. Read on to find company mailing list out why growing your customer base is vital to small business growth, and how email marketing for small businesses is a cost-effective way to do it. Businesses are spending more money to attract leads. Attracting new leads can be difficult, even for the biggest companies. Large companies will spend a good portion of their marketing budgets on demand and lead generation activities. Businesses are even increasing their spending to attract new customers. About 70% of marketers expected their lead generation budgets to increase in 2018. Despite all the money spent on lead generation and attracting new customers, the results are still mixed. The most successful brands understand that the majority of their sales actually come from repeat buyers and that it costs at least five times more to attract new customers than to retain existing ones. This is especially difficult for small businesses because they don't have as many existing customers or the same budget as larger companies
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shermin sathi

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