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5 marketing mistakes that slow down your income and business growth



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5 marketing mistakes that slow down your income and business growth

When it comes to marketing, there are a lot of things you could screw up, so it's a good thing you're reading this discussion!  Messing up your marketing may not screw up your entire business, but it will definitely slow down your revenue due to your income streams beginning to dry up a little or completely in the worst case.

If you're noticing that your revenue streams are starting to dry up, you're' likely doing one of the things I'll be covering in this discussion, such as:


Forgetting about customer retention
Not focusing on your customer retention rates is a killer in the business world.  This is because you're not keeping your current customers happy enough to come back and make a second or third purchase later on down the road. 

If you ARE focusing on customer retention rates, you're likely offering your customers special discounts or giving them an extra service or more products than they actually ordered.

Getting bored of methods that generate profits
When you're making money, you might actually get bored of the methods you're currently using to profit, and that means you might forget about what's working and focus on other revenue streams.

You can't forget what got you to the point of success because if you lose the best streams you currently have you will then think you're a failure.  You need to be excited of the methods that are generating your profits because those methods are what bought you a house, car, sent you on that vacation you always wanted to go on, and various other things.

Focus on what's working, not on what you want to work, and you will keep the money train rolling into station 5 marketing mistakes that slow down your income and business growth

Not investing more in marketing
There aren't many successful people out there that say "I need to do less marketing!" because that's now how you make money.  You should also never trust someone that says "You don't need to spend money to make money" because those are the people who are likely not making much right now.

Investing into your marketing campaigns is crucial, and needs to be done because getting in front of your customer base is how they find you and want to purchase 5 marketing mistakes that slow down your income and business growth

Saving money for the down times
You might be making $3,000s a day right now and skyrocket your monthly subscriptions to $10,000 a month, but if you aren't saving for the down times, you might actually hurt your business to the point where you need to close up shop.

You need to understand that there will be down times, and you need to save up if you aren't then you're just setting yourself up for failure.

Not investing in marketing when you should be
No successful person has ever said "I need to pull back on my marketing tactics because I can't afford it!" because that's not how you stay profitable.  Removing ads, stopping PPC campaigns, breaking deals with partners, and anything else to save you money on advertising likely will just hurt you in the long run.

You need to spend money to make money, and the same goes with websites, which means you need to tweak your campaigns in order to always be profitable and never have you worry about closing up shop.

In conclusion
If you're not seeing the profits rolling in, you're likely messing up something, and it could actually be one of the things I posted above.  You need to spend money to make money, you need to save as much as possible for down times, you need to invest instead of cut off campaigns, and you can't get bored of what's working for you right now.  If you can do that you'll be on the right path to success 5 marketing mistakes that slow down your income and business growth

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https://www.seocheckout.com/user/TommyCarey


Thanks!

Tommy Carey

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superlicca
This is a realtalk about marketing mistakes. Although some of these mistakes are inevitable, these tips are helpful for those who are just starting a business. Recognizing these mistakes can prevent any unfavorable circumstances in your business. And even if you already in these situations, it will not completely end your business. As long as you know how to re-start your marketing techniques, you can drive your business to success.



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Martinsx1
In order to get more business customers, you are definitely going to be involved in serious business promotion and marketing as it's the only way to getting more people to know what your business is offering and which would most likely influence their decisions to patronize or not purchase from your business. So, looking down on marketing is a grace mistake any business owner can make.



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lei08pineda
I agree, marketing is really important. Do not get tired of thinking your own marketing activities because you will surely gain from it.



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Chinet23
I don't think marketing is something that you can skip even if you're cost-cutting. Neither can you be complacent enough with your business that you think it's not a priority. New and established business alike will need marketing as there's always competition everywhere.



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blackmist
I agree, mistakes are unavoidable but recognizing there are helpful for us to grow more. We can use our mistakes to adjust for what we are lacking. I'm sure most successful person have this kind of characteristics.



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allyn2017
I agree with you, sometimes newbie are to high and mighty with theirselves and forgot about this, or others really don't know.



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Corzhens
You are right that committing mistakes will not end your business and probably you can consider it a blessing because you have learned something that is important to the business. Take for instance the neglect of the store attendant to the queries of the prospective client, whether it is an offline store or an online store, the reply is required and it should be instant as much as possible. Losing a client due to non-action on the query will be a hard lesson to learn.



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mitan143
This article reminds me of one certain video that explains the same thing about the importance of investing your money. Dan Lok, I think some of you knows him, created that wonderful video. One of the highlights in the video states that poor people focus on saving while rich people focus on investing. Saving money is good but the value will still remain as it is. Just like Dan Lok said, "You don't have a saving problem, you have an income problem". Though you said that saving is also important for down times and I agree with that. Both of you have great ideas and lessons to be gained. I just learned a lot!



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Martinsx1
Saving of one's money is good there is no doubt about that but the question you should ask yourself is what does it profit you to keep all the money you have in your bank account and get a misery credit interest every month or even nothing but the banks will use your money to do a lot of business and gain more profit. So why not be the one using your money to make more money by investing? Some people are afraid to risk of losing money should the investment go south but being afraid will keep you stagnant in life.



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Chinet23
I totally agree with what you said. There are a lot of people who don't have an entrepreneurial mindset. I have to say that I was one of them playing it safe. Right now I'm really engaging myself with a lot of learning and tools. I'm currently reading books about it. Knowledge is really important and the first thing is to invest in yourself in terms of knowledge to overcome this common belief.



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mitan143
Yes, that is also what I think about other people who are afraid on investing and I think most of them don't want to take a risk. Well, I believe there are people who are not interested in business and they are contented with what they already have as long as they are happy on it. I also respect those people who are not into business matters or not interested to any form of investing, but got a good way of saving from their income. But it is still nice to try to invest to at least one time.



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lei08pineda
So true. You can save your money, but it will much bettrr if you invest it. Just make sure that you invest wisely. If one loves to see more money coming into his bank account,then just invest to earn more.



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allyn2017
I will searcg for that video and him I think I will learn a lot from him.



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Martinsx1
Every business exists because of the benefits it gets from the customers that patronize the business products and services. Once such customers fail to purchase from the identified business, the business is as good as dead and there is no coming back from it. So, it's very important to take very good care of your business clients and retain them as long as you can to ensure the survival of your business.



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romyter013
In business, it's always like gambling. Once you plan and start a business, first you invest but we cannot guarantee your money if this will grow or losses at the end. But that's part of business if you are starting from scratch. Customers are the one who support you specially if they really love your products. They may come and go but always value them at all time. If you make this as a habit, these can guarantee you and your business to stay in the market.



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lei08pineda
I agree, customers are very important. It is wise to invest to know your customers preferences, and invest also in marketing activities to attract your target market. Make some promotional activities, to gain more customer loyalty. But do not forget to satisfy them with your product. Quality product is your bloodline. If you do promotional activities and gain attention from customers but the your product quality is bad, then you will not gain their loyalty.



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lei08pineda
Sometimes we tend to forgot to see if our customers are still enjoying our products. We might have loyal customers but sometimes they got bored and when something new comes from other stores or businesses, of course they will try from them. So, to deal with it, do not forgot to invest to see how you can retain them.



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romyter013
I see that too. people get bored sometimes and they are looking for something different once in a while. I guess they can be creative, unique, think of something like a gimmick that every one ill enjoy. Good for kids, teens, adult or old one, something best for the whole family. We must make our customer feel that they are most important at all times.



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amelia88
I think what you said about retaining business is so important. I feel like a lot of the time, businesses focus on trying to build a new client base, and often forget about the people already doing business with them!

Keeping your existing customer base happy is even more important than attracting new clients in my opinion!



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Gilgamesh
When you encountered a hard time in earning it is much likely because sometbingis wrong so investigate and pinpoint the possible causes. Make some actions about this organize a plan and don't panic, after solving it make sure that it will not happen again or at least in a long term basis. Call up a meeting and meet up with experts to synthesize some options. Problem is made to be solved.



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rlpzbeermoney
The problem with business and income is that there is only a certain factor which you can control. You can control the marketing and the customer acquisition for example but you even if you have all the pieces together, there are just some factors which you can't control. That's why business is like gambling. There will always be a time where the business would not do good especially in this economy. In my country, the inflation rate is at an all time high at 6.4%. You can have a booming business but the economy can dictate otherwise.



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esteban123
Yeah I believe that customer retention is very important in order to retain loyalty. It is a must so that customer will be coming back to your store. Giving them the appreciation and satisfaction that they need could give you an advantage over the other.



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rlpzbeermoney
Not to mention when you retain a customer, it saves you the money in acquiring another customer. Your customer acquisition cost will not increase. It also means there is a chance the customer will come back and purchase another product/service off of you.



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esteban123
I really believe that investing into marketing is really an important thing to consider in order to have a productive business. It is mainly because marketing helps you to be known by the customers. They tend to believe and be encouraged to what they see and hear from other people or in media as well. We should give much importance in it so that we will be more profitable.



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Martinsx1
Exactly, if you have no interest in investing in your marketing strategy and campaign, you can be rest assured that it's going to affect how much money you can make from such business. Money is used to make more money, so you cannot hold up investing when you are supposed to and still expect to make a good return.



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cmoneyspinner
"Getting bored of methods that generate profits"? I'm not sure that could ever happen with me. LOL. 5 marketing mistakes that slow down your income and business growth

It has taken so long to find consistent ways to generate income. After so much time spent only to not earn anything, I'm not likely to get bored or to forget when something finally works for me. My only problem might be that I don't have enough hours in the day to make even more money!



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DenisP
Getting bored of methods that generate profits has actually been an issue for me over the years. I’ve gone through several means of generating revenue online, and while many of them were fairly reliable, I gave up on them simply because I got bored. The fact is that even the most exciting work is bound to get boring once you make a routine out of it. It’s important to try and keep things fresh when you know you’re going to be doing something for months, possibly years, on end.

It’s also good to occasionally remind yourself why you want to/have to do it as a means of motivation.



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esteban123
I also experienced such thing wherein I get bored for doing some methods to generate profit because they are so many to choose upon. I feel bored to try them one by one because it takes time for me to realize wether a certain methods is effective or not. I lost a lot of time doing it that is why I am not really giving much focus on it.



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DenisP
“I feel bored to try them one by one because it takes time for me to realize wether a certain methods is effective or not.”

You bring up a good point. Get rich quick schemes are pretty much always as their names describe—schemes—and most honest ways of making a profit are going to take a lot of time.

The problem is that the initial phase of most of these methods can be so boring and time consuming that most people lose any and all incentive they have to continue. Unfortunately this means that a lot of us never come to realize whether our endeavors would actually come to fruition had we just given them more time and effort.



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Corzhens
When we had our retailing business, a new client is treated with hospitality like meeting a new friend and entertaining them. We would call the new client to check if our product was doing good, if they have concerns or suggestions. But we do that once a week or sometimes once in two weeks so that the new client will be not be annoyed. For old clients that do not order based on their schedule, a follow up call is imperative or sometimes we make visits just to renew the bond.



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NesMarcos
I would have to agree with you. Follow-up calls for quality check is a must for giving a better service indeed. It also helps for suggestive and upselling for new clients.



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NesMarcos
I would have to agree with this article, and indeed worth sharing for people who want to enter the business world. Basically, it is true that there a lot of factors that are affecting a business to be successful. I would have to agree with 'Forgetting about customer retention.' Customers satisfaction should and always be the topmost priority of all businesses.



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NesMarcos
I also agree with the noted point, 'Getting bored of methods that generate profits.' Every day routine is sometimes getting too boring. However, if we let boredom gets into us, then success will be very impossible. Meanwhile, focusing on what's working or trendy will make success reachable.



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NesMarcos
I strongly agree with the noted points, 'Not investing more in marketing and not investing in marketing when you should be.' Marketing is one of the reasons why businesses are at its peak of success. Having a good marketing skill is good but having good marketing strategy is better. Thinking of better ideas, and strategies which also need to invest will basically make a more profitable business indeed.



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NesMarcos
'Saving money for the down times' is definitely a must in all situations either in business or personal. Saving much money as you can will basically save you in times of trouble. I believe in the saying; 'The quickest way to double your money is to fold it in half and put it in your back pocket. Do not spend if unnecessary, and limit yourself from focusing on wants.



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romyter013
True. If you are really in a tight budget and have just enough for your business, why try not to buy things that are unnecessary. Yes you might say its for the business but why not try to use something you already have at home? Be resourceful and artistic. You can try to plan to buy things you'll be needing the next time once the down times of the business is over.



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NesMarcos
That's exactly right. Creativeness and resourcefulness play an important role when in a tight budget. It may not be easy but it will help you save big time.



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Chinet23
That's correct. It works the same way with our personal needs. Saving for the down times will ensure that we'll have a fallback and we can still continue to operate business as usual.



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theresajane
I agree with you. It has bever occurred in everyone's minds that saving will not help us. Saving money indeed helps us in every aspect.



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emilyquirq
There are plenty of things take place.
For different niches it's different for sure.
I used to read blogs about marketing trends to avoid slow down mistakes.
The main reason of bad results is related to quality of content.



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jayjaydimson
Don't do something that can slow down your business for example if you are into bad habits like gambling, stop it right now because it will make your business to go down, because if you don't have money to play your mind would trick you to do something even its illegal like selling your products just for you to play the game that you are addicted.



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NerdIndeed
Another great article and I did agree when you mentioned 'Not investing more in marketing.' I do believe that when a business scales up, marketing becomes the life and blood of the company. Since I am no expert, I can't share much, and this article helped a lot for me as an aspiring entrepreneur to do better. Thanks!



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anyone01
Don't purpose your business in any specific direction simply because some other person is doing it, some other person claims to be having success, or as a result of you think that it sounds smart. selections like this must be supported proof and knowledge. If you do notscrutinize the trail you set your business on, you'll waste years and a fortune.



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Jeane
Customer retention should be everyone's top priority. It's a marketing mistake which should at all costs be avoided because it will negatively impact your business in a huge way.

Someone who has bought something from you is likely to buy more, similar products at a later date. Use after sales follow up to build trust and retain that customer. The fact that you care enough to find out if the product worked as they expected will probably make them want to do more business with you.



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theresajane
Not everyone can keep up with the everyday processes on their businesses, especially if it's handle by just one person. It's best to have someone who can help you. Hire people who can do the tasks that you can't to maintain the growth of your business



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