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Small Business Solutions
Business Growth Strategies
© 2016 All Rights Reserved
Content
Market Penetration
Market Expansion
Diversification
Acquisition
Market Penetration
- Amount of Sales
- Product
Adoption
- Business
Growth
- Increase Market Share
- Expand Customers
- Bundling
Products/Services
Market Penetration
• Market penetration is based on competition, and penetrating an
already present business market and its related products and
services.
• Beating the competition takes analysis and competitive strategizing to
gain market share.
• Identify what tools and strategies work for your company and
products/services are necessary to gain and hold market share.
Market Expansion
- Product placement
in existing or new
demographics.
- Sales growth with
new or existing
products.
- Overall economic
recovery.
Market Expansion & Growth
• Explore all options and strategic platforms available.
• At present location: analyze and determine current levels of
saturation.
• Review business structure and determine if expanding out into
another centralized location is right.
• Downward vertical integration expansion. Determine price paid for
supplies to estimate the next strategic move.
Diversification
• Entering in new
markets
• Creating and placing
new products
• Analyze risk factors
• Implementation
Diversification Marketing
- Entering new or additional markets
- Pricing Strategies
- Product improvement, alteration or change
- Product Adaptation
Customer
Retention
Customer
Acquisition
Acquisition Marketing
Marketing
Customer Acquisition Marketing
• Competitive and strategic marketing
• Driving customer purchasing power
• Customer Acquisition Costs ($$ spent on marketing)
• Customer persuasion
• Customer Attraction

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