Many businesses strive to promote customer loyalty through retention for a lot of good reasons. First, they are likely to spend more. One statistic suggests that increasing customer retention by only 5 percent can increase sales by around 125 percent. In another report, loyal customers may spend 10 times more than new ones. Upselling to
These days, more companies and organizations are becoming aware of the importance of sustainability practices. By incorporating green methods and habits in the workplaces, businesses can reap significant financial benefits and appeal to more modern consumers. But depending on the business context, sustainability has different meanings. In terms of business and employment practices, sustainability can
These days, entrepreneurs are not simply in it for the money. More and more people are investing in different business ventures with two main goals. One is to gain enough revenue to grow a successful brand. The other is to fulfill a corporate social responsibility. But why be a social entrepreneur when one can simply
Starting a business in the rental property industry is always a smart move because there is no shortage of people looking for potential homes. This makes becoming a landlord with your own property a wise career choice and long-term investment because you can be your own boss while getting passive income. But the upfront costs
Digital transformation is your key to success in a competitive market. Think about it. With the pandemic changing the way we internet, not having an online presence can be fatal. It’s no accident online orders are up while America is placed under a slew of restrictions and virus quarantine orders. At this point in time,
Running a business is already difficult enough. Add to the mix the long list of laws and regulations you have to comply with, and your job just became more challenging. Regulatory compliance is the bane of many entrepreneurs, but you can turn a source of inconvenience into an opportunity if you play your cards right.
The ongoing COVID-19 doesn’t show any sign yet of ending, even as several big-name pharmaceutical companies have developed vaccines and are now taking orders from governments across the world. The industry is among the many industries that have stepped up and went to great lengths to help the concerted efforts to fight the ill effects
There are countless ways to help the world overcome its many issues in health, education, and social and environmental justice. You can commit to volunteer work until the end of time. But you hesitate because you also need to earn a living. That’s been the struggle for many of us. You want to help the
The outbreak of coronavirus (COVID-19) has disrupted the world’s economy, and with it brought significant changes to every level of society. Because of the massive disruption it had brought, every industry is now at a crossroads, with the outlook of the next few months, or even weeks, uncertain. This uncertainty has been keenly felt by
Usually, the most successful type of business is known for helping people from all walks of life. Still, there’s not one business out there who does not benefit from having a well-thought-out strategy. Business plans are known for being useful for many startups and enterprises that most investors would fall head-over-heels for a well-crafted plan.