-
by Rachel Loague
Tip #6 Focus on customer retention: Acquiring new customers can be more challenging and costly during a recession. Therefore, prioritize retaining ...
-
by Rachel Loague
Tip #5 Offer flexible pricing and payment options: Recognize that consumers may be more price-sensitive during a recession. Consider offering flexi...
-
by Rachel Loague
Tip #4 Leverage technology: Embrace technology to streamline operations, improve efficiency, and reach customers beyond geographical boundaries. Ex...
-
by Rachel Loague
Tip #3 Bootstrap and keep costs low: In times of economic uncertainty, conserving capital is crucial. Bootstrap your business by minimizing overhea...
-
by Rachel Loague
Tip #2 Focus on solving problems: During a recession, consumers become more discerning with their spending. Instead of focusing solely on luxury or...
-
by Rachel Loague
Tip #1 Identify recession-resistant industries: Certain industries tend to perform better during economic downturns, such as healthcare, essential ...
-
by Rachel Loague
Tip #20 Stay Persistent and Patient: Success doesn't happen overnight. Stay committed to your goals, and remember that perseverance is key. In the ...
-
by Rachel Loague
Tip #19 Celebrate Milestones: Acknowledge and celebrate the achievements, no matter how small, along your entrepreneurial journey. The entrepreneur...
Posted in
2023,
eCommerce,
Entrepreneur,
Facebook,
Inflation,
Instagram,
Marketing,
motivation,
SEO,
shopify,
Social Media
-
by Rachel Loague
Tip #18 Take Calculated Risks: Entrepreneurship inherently involves risk-taking. Assess risks carefully and be willing to take calculated chances f...
Posted in
business,
eCommerce,
Entrepreneur,
Facebook,
Inflation,
Instagram,
Marketing,
motivation,
SEO,
shopify,
Social Media,
website
-
by Rachel Loague
Tip #17 Build a Reliable Support System: Entrepreneurship can be a lonely journey, but you don't have to go it alone. Building a reliable support s...
Posted in
business,
eCommerce,
Entrepreneur,
Facebook,
Inflation,
Instagram,
Marketing,
motivation,
SEO,
shopify,
Social Media
-
by Rachel Loague
Tip #16 Invest in Marketing and Branding: Marketing and branding are essential components of building a successful business. From creating a compel...
Posted in
business,
eCommerce,
Entrepreneur,
Facebook,
Instagram,
Marketing,
motivation,
SEO,
shopify,
Social Media,
website
-
by Rachel Loague
Tip #15 Adapt to Market Changes: Markets are constantly evolving, and successful businesses are those that can adapt and innovate in response to ch...
Posted in
business,
eCommerce,
Entrepreneur,
Facebook,
Inflation,
Instagram,
Marketing,
motivation,
SEO,
shopify,
Social Media,
website
Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device
