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In today’s marketplace, it takes more than hard work to have a successful business. You already know that things aren’t like the use to be; and you know that some of the things that you did as a business owner before, do not work as good as they used to.
If a business owner fails to adapt to current market conditions the result could be catastrophic. Take for example the newspaper industry.
According to a report from the New York Times, back in 2008 the News Paper Association of America enjoyed a membership of 2,700. By the printing of the report back in September 4, 2016, the association’s membership had dropped to 2,000. The reason, many newspapers went out of business, primarily because they failed to adapt to the digital age.
Because of advances on digital media, society no longer gets their information as they used to. Now people are more mobile, and their need for information to be accessible to their devices is important to them.
So, the newspapers that failed to adapt in order to meet their readers needs went out of business. Those who saw the changes and adjusted their strategies are still around, and many of them are doing extremely well. Therefore, learn this lesson from newspapers: those who adapt can survive market changes and live to fight another day.
Additionally, those who keep on top of the different trends that are taking place in their business do more that survive. Those who innovate and get ahead of the pack tend to enjoy great success.
For example, look at the Huffington Post. It started out taking advantage of Internet technology (blogging) back in 2005, and by 2011 AOL bought it for 315 million dollars. As of July 2017, eBizMBA Rank had placed it on the number one spot with 80 million visitors.
So, staying ahead of the curve is what will enable you to grow your profits to full potential, and that is what will keep your business growing.
Don’t let an inflexible mindset get on the way of your next level. Obviously, you are a visionary who isn’t afraid to take a leap of faith. That is why you are here today. However, visionaries are not about the here and now only; visionaries consider the future and look for opportunities to move upward and to succeed.
Hence, it’s time for you to move your business into digital. Go were the people are, and they should come right to your door. Your future customers could be reached within a moment’s notice via digital marketing technologies such as applications, proximity marketing, geo marketing, mobile couponing and more! This is exiting news and I am exited to show you!
Don’t do like many on the newspaper industry. They failed to adapt and innovate and went out of business.
Learn from their mistake and get your digital marketing groove going before your competitors do. Advertise your business in a way that saves you money and increases sales now!