- Jun. 18
- Richard Parker
This Is the Best Way to Get Smart with Your Business
Being in business can be tough. You won’t always know what the best route to success is, and it can be rocky figuring out. That being said, starting your own small business is one of the best things you can do. If you’re willing to work hard, then you will get the payout that you’re looking for. But at the same time – it won’t be handed to you.
You still have to go through the process of working out what’s smart and what’s not. Right now, one of the best things you can do for your business is to utilize data and analytics. Even if you’re not that great with numbers yourself, this approach is a smart way to take your business forward. And here’s why.
Tracking Analytics
First of all, you’re going to want to get your tracking analytics in place. Whether you sell on your website, you have a blog, or its a site that then directs customers to your offline business, you will need analytics in place first. This is going to help you to see what’s going on. To begin with, you may not really see what the fuss is. But if you want to be able to improve the way that you do business and really influence your sales. Then you need to have the right analytical setup to get you started.
Getting To Know Your Consumers
From here, you can then start to get to know your consumers a lot better. When you have anonymous visitor identification in place, you’re able to see a lot more of what’s going on. When you can see who is visiting your website and what they are doing while they’re on there, you’ll then get a better understanding of what your customers want from you.
Making Decisions
When you’re able to see the patterns that your customers are making, you’ll start to see what pages interest them, what products they are looking at, and more. This can then help you to make decisions on what pages or information to change. When it comes to blogging, you can use the posts and topics with the most hits to help you figure out what other posts and topics to write on going forward.
Testing New Ideas
From here, you’ll then want to put some new ideas into place. Think about how you can A/B test them to work out what’s going to work. Then utilize your analytics to make final decisions going forward.
Getting Results
Then here’s where you get smart. You may not really be into data, and you may not think that analytics have the power to change your business, but they do. You can really move things forward when you embrace both. To get results, you really have to make sure that you’re reacting. You need to be tracking your activity, listening to the results and making smart conclusions. When you start to refine your activity, this is what is going to get you the results you want. And that is the best way to get smart about business.
I wish more people would be honest about starting your own business. The message, ‘it won’t be handed to you’ is often lost when dispensing advice!
That’s exactly what I was thinking, Amira. Some people think it’s a more accessible route and are then surprised that you actually have to work at it.
Never heard of anonymous visitor identification before now. Thanks for the advice, Richard.
Maya, we’ve been using this for a few months now. It offers more clarity as to what people are really visiting your site for.
A positive piece, Richard. Common sense mixed with progression!
Personally speaking, A/B Testing is definitely worth checking out.
Thanks for some constructive comments guys! It really is all about getting smart with your business. Evolving and creating new avenues. A smaller company should never remain static.