Biggest mistakes startups make—and how to avoid them | Digital Marketing Agency In Phoenix
Nearly 70% of entrepreneurs in the U.S. ignite their startups in the comfort of their own homes. With so much economic change and extra time at home, right now might just be the best time for you to start and grow your own business.
So how do we change this?
First off, let's figure out why so many startups fail.
1. No market need – 42%
2. Ran out of cash – 29%
3. Wrong team – 23%
Those that succeed do THIS:
Stand out amongst the competitors, generate enough money to validate the risk, and increase business exposure?
Create an effective, mobile-friendly website
71% of small businesses have a website, according to a recent survey. Of those with websites, 79% claim that theirs is mobile-friendly. Tellingly, 92% of the 29% of small businesses without a website plan to have one up and running by the end of 2018. Hiring a Digital Marketing Agency In Phoenix can help your business get that mobile-friendly, stunning website to make you stand out and earn your customers’ trust.
Establish a strong (& consistent) social media presence
71% of small business owners hope to attract new business through the use of social media in 2018. Of the social media networks, Facebook is the most commonly used by small businesses as 75% utilize the website to attract customers. After Facebook, there is a significant drop-off, as just 37.5% of small businesses include Instagram in their small business plan.
Overall, a consistent and engaging social media presence can attract a bigger audience, loyal customers, and organically increase business exposure.
Invest in paid social media advertising to increase business exposure
32.7% of small businesses spend over $100 per week on social media advertising, while 13.2% of businesses spend $50-100 per week. 30.5% spend $11-50 a week in the lower brackets, and 23.64% spend less than $10 a week.
Social media advertising can be overwhelming to navigate on your own. You don’t want to spend your hard-earned money to pay for another ad that just gets scrolled past.
A Digital Marketing Agency In Phoenix can help you curate exciting, valuable advertising content and allocate your budget.
Reminder: Entrepreneurs don’t have to do it all by themselves.
Running a business is difficult. Running a business alone? Even more challenging.
You can’t afford to lose your dream business because you’re surrounded by the wrong people.
Find the resources and team members you need to make it easier. The knowledge and strategies you need to become that much more successful. To make your dreams reality.
How do we get past the barriers? How do we find the missing piece?
How do we establish a plan now so we don’t fail when times get tough?
Team up with a Digital Marketing Agency In Phoenix
Find that support team and the extra set of eyes & hands to help you get there.
The experts to create that stunning website, strong social media presence, and increase business exposure with you.
If you would like to learn more about how Qapital Consulting can help you succeed (and get to your destination with the least amount of roadblocks), schedule your free consultation today.
– Qapital Consulting, Digital Marketing Agency in Phoenix