Holiday is coming…Holiday is coming…Yes, we all
love our holidays. But wait a second: Are you an entrepreneur or an employee?
Yes you should be excited about it but depending on the kind of business you
are engaged in, it may be very hectic and busy. And it is also a period to rake
in the cash!
However,
this may be impossible because if you shabbily prepare for the festive season,
it will affect your cash flow.
Create your holiday offers
It is not
wrong to say that Nigerians are likely to spend more during the festive period.
Tap into this by offering reasonable discounts, vouchers and the best price.
You can also offer customers promotion like buy 3 get 1 free. You shouldn’t
wait till December before kicking off your holiday offers. You should also send these offers
via your newsletter to your customers.
Take
advantage of last year’s data
Data is
important for any business. It shows you if your business is growing or
shrinking. It is this same data (campaign, sales, website traffic, channels,
and competitors) that will reveal the things you did excellently well or you
did poorly. Your business should make deductions from this data and make
necessary adjustments. You should also consider the impact of the trending recession.
Decorate
Make your
employees feel the festive season by creating a different atmosphere both
offline and online. Your office and website should be decorated to reflect the
season. This can also help!
Disclose your holiday hours
Customers
may not inform you when they want to make purchases. If he is one of your loyal
customers, he will be utterly disappointed if you are not open for business.
Hence, you should send emails to your clients informing them of days you will
be closed for business. This information should also be on your website.
Decide which
marketing channel you want to use
The channel
to reach your customers is essential. Some organizations may prefer to do both
online and offline marketing while others strictly focus on online marketing.
Your budget is key to determining which one to use.
Make your
employees ‘happy’
The biggest motivation for employees
is for them to be paid as at when due for the job done. They will be willing to
give their best and work extra hours. So, employee motivation is key.
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