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		<title>2 must-implement strategies for Customer Acquisition in 2023</title>
		<link>https://www.nxtidea.com/ni/must-implement-strategies-for-customer-acquisition-in-2023/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=must-implement-strategies-for-customer-acquisition-in-2023</link>
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		<pubDate>Tue, 06 Dec 2022 11:55:14 +0000</pubDate>
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					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/must-implement-strategies-for-customer-acquisition-in-2023/">2 must-implement strategies for Customer Acquisition in 2023</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>Do you own a business or planning to start one in 2023? That’s great. Your business must adopt B2B model to scale the revenue model in FY 2023-24.</p>



<p>Ever wondered what it takes to create a successful B2B marketing strategy? It is all about knowing your target audience, personalizing your interactions, and reaching out to them across multiple touchpoints. </p>



<p>Below are the two strategies you MUST try out to compete with your peers and mobilize your business cycle against changing market constraints.</p>



<p><strong>Real-Time Personalization to Your Website</strong></p>



<p>Introducing website personalization is another excellent B2B marketing strategy for start-ups. While email and content personalization have been in the game for a long, website personalization involves creating a tailored experience for all your website visitors. </p>



<p>Which means rather than relying on a general web interface for everyone, your website can create display customized web pages based on the user’s profile. For instance, customized CTAs with welcome offers for new customers, upselling to the existing ones or customizing the home page with industry-specific use cases or relevant metrics.&nbsp;</p>



<p>You can use valuable user data such as location, IP address, past online behavior, demographics, and more to fuel your personalization efforts.</p>



<h3 class="wp-block-heading" id="h-create-an-seo-keyword-funnel"><strong>Create an SEO Keyword Funnel</strong></h3>



<p>Thanks to the increasing information online, your target audience is most likely to go from having no awareness to researching potential solutions all on their own. But that makes it even more important to make your presence known through organic content that ranks.</p>



<p>And how can you do that? Optimize your content strategy by using an SEO keyword funnel for different stages of the buyer journey. A typical keyword funnel would look like this-</p>



<ul class="wp-block-list">
<li><strong>Top-of-funnel keywords-&nbsp;</strong>These target the pain points of the target buyer and help them perform their job more efficiently, like how to guides</li>



<li><strong>Middle-of-funnel keywords-&nbsp;</strong>As buyers learn more about the different solutions, you can use strategy-focused and comparison keywords</li>



<li><strong>Bottom-of-funnel keywords-&nbsp;</strong>Targeted keywords optimized to earn conversions and focus on what the buyer knows.</li>
</ul>



<p>Want to know more? Register at <a href="http://www.nxtidea.com"><strong>www.nxtidea.com</strong></a> to get a business newsletter directly into your inbox.</p>
<p>The post <a href="https://www.nxtidea.com/ni/must-implement-strategies-for-customer-acquisition-in-2023/">2 must-implement strategies for Customer Acquisition in 2023</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>Know the Stats for 2023</title>
		<link>https://www.nxtidea.com/ni/know-the-stats-for-2023/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=know-the-stats-for-2023</link>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Tue, 06 Dec 2022 11:02:54 +0000</pubDate>
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		<guid isPermaLink="false">https://www.nxtidea.com/?p=29049</guid>

					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/know-the-stats-for-2023/">Know the Stats for 2023</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>Check out the consolidated market statistics which every business owner must refer to before entering 2023. A new year with new possibilities. But before tweaking your marketing plan, do analyze the research findings..</p>



<ul class="wp-block-list">
<li>Digital influences 67% of purchases. -Google</li>



<li>57% of B2B marketers stated that SEO generates more leads than any other marketing initiative. -Junto</li>



<li>80% of B2B buying decisions are based on a buyer’s direct or indirect customer experience, and only 20% are based on the price or the actual offering. -SiriusDecisions Summit</li>



<li>80% of U.S. marketers said they wanted to use integrated marketing and advertising technology from a single vendor. -Google</li>



<li>Most B2B buyers are already 57% of the way through the buying process before the first meeting with a representative. -Accenture</li>



<li>83% of business buyers say “being treated like a person, not a number, is very important to winning their business.” -Salesforce</li>



<li>42% of B2B researchers make purchases on mobile, both at home and in the office. -Growrev</li>



<li>93% of B2B content gets zero external links from other websites. -Backlinko</li>



<li>45% of enterprises are investing more than $20,000 on SEO each month. -B2B Marketing Zone</li>



<li>Mobile marketing can accelerate time to B2B purchase by 20% -BCG</li>



<li>90% of B2B marketers say the leading attribute of content marketing effectiveness is “audience relevance” -Statista</li>



<li>Over 70% of B2B buyers start their search with a generic product keyword to compare options. And on average, it takes 12 searches before a buyer begins to interact with a given brand’s website. -Thinkwithgoogle</li>



<li>90% of B2B stakeholders are “more likely to purchase a product after reading a positive review.” However, only 20% of B2Bs consider using reviews as one of their B2B marketing strategies. -G2</li>



<li>80% of B2B executives research products or services on a tablet in the evening. -IDG Global Solutions</li>



<li>63% of buyers need to hear a company claim 3 to 5 times before they believe it. -G2</li>



<li>62% of B2B buyers make purchasing decisions based on online content alone. -Bluecorona</li>



<li>44% of B2B marketers say the main reason they abandon websites is that there’s no contact info immediately visible. -Komarketing</li>



<li>80% of decision-makers prefer articles over ads as a source of information about a company. -Themarketingblender</li>



<li>People retain only 10-20% of the information they read or hear, but remember around 65% of what they see, after three days. -McKnight Kurland</li>



<li>69% of successful B2B marketers have a documented content marketing strategy. -Content Marketing Institute</li>



<li>78% of executives say that an unsolicited email has led to a face-to-face meeting or event attendance at some point. -ITSMA</li>



<li>84% of B2B decision-makers start the buying process with a referral. -Influitive</li>



<li>87% of B2B frontline sales personnel, 82% of sales leaders, and 78% of marketers believe that referrals are vital to sales success. -Influitive</li>



<li>85% of B2B marketers say lead generation is their most important content marketing goal. –RingLead</li>
</ul>



<p>Hey ! You can register your business at <strong><a href="https://www.nxtidea.com/">www.nxtidea.com</a></strong> for <strong>FREE</strong> and grow your ROI as per changing customer needs.</p>



<p></p>
<p>The post <a href="https://www.nxtidea.com/ni/know-the-stats-for-2023/">Know the Stats for 2023</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>B2C Secrets Revealed for B2B Marketers….Steal These</title>
		<link>https://www.nxtidea.com/ni/b2c-secrets-revealed-for-b2b-marketers-steal-these/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=b2c-secrets-revealed-for-b2b-marketers-steal-these</link>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Wed, 19 Oct 2022 13:28:22 +0000</pubDate>
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		<guid isPermaLink="false">https://www.nxtidea.com/?p=28313</guid>

					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/b2c-secrets-revealed-for-b2b-marketers-steal-these/">B2C Secrets Revealed for B2B Marketers….Steal These</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>by Elizabeth Brooks, Lucid Brand Wrangler/Investor</p>



<p>Your technical support partner : <a href="https://www.nxtidea.com"><strong>NXTIdea</strong></a></p>



<p>Business-to-business marketing is often seen as fundamentally different to consumer marketing. Both are a hard slog in the face of tough markets, but B2B can feel particularly frustrating, especially when you’re trying to establish a brand. Classic B2B tactics often seem overplayed and non-differentiating – you’re traveling the same road your competitors are. Are consumer marketers having all the real fun?</p>



<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="720" src="https://www.nxtidea.com/wp-content/uploads/2022/10/b2c-nxtidea-1024x720.jpg" alt="" class="wp-image-28349"/></figure>



<p>A secret: you’re actually doing consumer marketing. At the receiving end of your brand communication there’s still a human being, and, as with all marketing to human beings, you want to elicit an emotional reaction and create an emotional connection. Your offering has core values (we hope): workflow efficiency, insights, better communication, ease of use, cool factor, good pricing, whatever – and these are all connected to some kind of human impact. That impact is going to be the first thing that engages a buyer with your brand.</p>



<p>Basically, your product makes your customer’s life better in one way or another, and that’s powerful. Great B2C marketers are pros at connecting to that power.<br>So let’s steal some of their secrets and get out ahead of the competition.</p>



<p><strong>1. Create a visual language.</strong></p>



<p>This sounds like agency-speak but is going to serve you well. B2B websites, apps, content, social elements, etc. all tend to look very similar. It’s worth it to spend the time and money to hire a pro in visual branding who’ll help you set a direction for your brand beyond the logo. Seriously consider bringing in someone who has little or nothing to do with your industry. I like to work with designers from music and gaming.</p>



<p>All your designer really needs to know is your audience, mission, core brand values, and brand personality. (No idea what those are? Oh dear. That’s another post.)</p>



<p>Document your visual language the same way you did your logo system – in a style guide or brand document. You don’t have to get fancy about it – just have someone in-house who’s the keeper of the flame aesthetically.<br>Once you have a distinct visual style, existing and prospective customers will be able to pick your brand out on the web, at trade shows, and in similar crowded spaces where other brands are being mind-numbingly boring.</p>



<p><strong>2. Use images, preferably photos and video.</strong></p>



<p>Too much B2B communication relies on text, diagrams, and icons. Photography, video, and in some cases illustration pack&nbsp;a bigger emotional punch. Again, great marketing means creating a feeling around your products, and all the words in the world won’t do that the way great visuals will.</p>



<p>I know you have a lot of words to say, and you’ll get to say them, but to bring in the customer, use images.</p>



<p><strong>3. Be wary of STOCK images.</strong></p>



<p>Generic stock photography kills creativity. The vast majority of stock imagery created specifically for business is horrible. Your customer doesn’t need to see photos of people at their desks, on their phones, walking office halls, looking generically happy or excited or whatever. They get enough of that – guess where? – at work.</p>



<p>Innovative business is about looking at the world in a new way.</p>



<p>Sterile, non-specific business photography says nothing about the unique value you’re offering. Find a few images that powerfully convey the tone and feel of your brand, put those somewhere you can refer to them, and then work from there to create a library of strong images.</p>



<p>There is also beautiful, professional work available from the large paid stock photography outlets – you just need to exert an effort to find the good stuff. You have a unique visual language, remember?</p>



<p><strong>4. Video.</strong></p>



<p>Video is the winner in consumer content. Use video in business communication, and be artful about it.</p>



<p>Customize your video to the place it will be seen. Understand, for instance, that YouTube videos have no place on Facebook. The Facebook logo will bury them under a pile of native FB platform content. (You’d do the same thing if you were Facebook.)</p>



<p>Consider creating videos that don’t need sound – a business audience may not be in a place to crank up the volume, and an increasing number of platforms (Facebook/Instagram) default video to a muted state.</p>



<p>Consider vertical video for a mobile audience. Businesspeople often prefer to stay in portrait mode with their phones.</p>



<p>And please, keep it short. 90 seconds is a long time. Think microcontent. Under 15 seconds will give you something you can use on social as well.</p>



<p><strong>5. Segment, target, and personalize.</strong></p>



<p>Consumer-facing businesses target customers down to their astrological signs, track past purchases, note inactivity, and retarget like crazy based on behavior or on matching to a data pool.</p>



<p>You can do this too. Which keyword brought that human to you? If you’re intaking web leads from multiple landing pages (which I hope you are, because you should be A/B testing like crazy), use that to profile your lead. If someone viewed and/or reacted to a piece of content, that’s a data point for you. The more you know about your customer, the better you can serve them something that works. The B2B world actually has every opportunity to do this better than consumer marketers.<br>People also really like it when you get their name right.</p>



<p><strong>6. Um, mobile.</strong></p>



<p>Why does B2B so often ignore this? Know where your customer is. The business customer is just as likely to be on a mobile device as any other adult, especially in off hours. Make sure your website and emails are mobile-friendly and any materials you share are readable on small screens. When you design your shiznit, look at it on something besides a 27-inch monitor before putting it out into the world.</p>



<p>And, of course, mine your analytics so you do know where and when any message or material is being seen.</p>



<p><strong>7. Be human.</strong></p>



<p>The business customer is inundated by outreach, most of it dry and lacking in personality. Stand out from that crowd. Great consumer brands have great personalities – why can’t yours? How do you talk to your customer? Would you hang out with your brand at a party? Establish a tone that works for you and stay with it.</p>



<p><strong>8. Don’t be selfish.</strong></p>



<p>It’s not all about you. In fact, it’s not about you at all.<br>B2B communication is very often one-sided, at least until a sale is made and the customer is (we hope) reaping the benefits of the product.</p>



<p>What are you bringing to the table? Show clearly the positive impact your product will have on a customer’s life – invoke the human element before diving into your fantastic featureset and total domination over your competitors.</p>



<p>Time your communications, email or otherwise, wisely; know when a prospect has already been hit up on a particular subject and pivot to a different angle; and focus on engagement over pure persistence.</p>



<p><strong>9. Be useful.</strong></p>



<p>If you’ really want to win the hearts and minds of businesspeople, give them something that only helps them. This is where content marketing gets effective.<br>Don’t blog or publish presentations on the sheer awesomeness of your product. That’s not content. You have enough shameless promotion (which is all good) in your actual marketing marketing (your website, your sales decks, and so on). Give your customer useful information designed to help them succeed in their day-to-day existence. This will also help you along the path to thought leadership.</p>



<p><strong>10. Listen.</strong></p>



<p>In B2C, one-to-one sales don’t mean much, so more listening gets done on the ground. Take a cue from this, and at the next trade show, instead of launching into a pitch, why not let your customer talk?</p>



<p>Similarly, in a consumer business, you’d be getting priceless information from your directly customer-facing employees. Intake wisdom from your sales and support teams. If they’re hearing something more than a couple times, it’s important.</p>



<p><strong>Bonus non-B2C tip:&nbsp;</strong></p>



<p>Don’t get drunk on social media. You don’t need LinkedIn, Facebook, Twitter, Instagram, Snapchat, Medium, Periscope, Pinterest, a Tinder business profile (yes, people do this), and a WhatsApp hotline. Chances are your resources are limited, and this area is incredibly time-consuming. Pick the appropriate platforms for what you do and excel at those.</p>



<p>B2B marketing may seem limited – but it’s those very limitations that give you an opportunity to be truly creative. Get out there and have some fun.</p>



<p>#latestB2B #B2B #businessListings #cloudTechnology #B2C #digitalIndia #digitalOdisha #businessGrowth #headlessCommerce</p>



<p></p>
<p>The post <a href="https://www.nxtidea.com/ni/b2c-secrets-revealed-for-b2b-marketers-steal-these/">B2C Secrets Revealed for B2B Marketers….Steal These</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>Top 4 B2C Business Models to consider in FY2022-23</title>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Wed, 19 Oct 2022 11:38:26 +0000</pubDate>
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		<guid isPermaLink="false">https://www.nxtidea.com/?p=28310</guid>

					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/top-4-b2c-business-models-to-consider-in-fy2022-23/">Top 4 B2C Business Models to consider in FY2022-23</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
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<p>Are you doing business? Great. Whatever may be the type of business you are involved in, you have a #B2C business model., directly or a variant of it.<br>And you will agree with us that you have planned to market your products/services amongst your audience in creative innovative ways.<br>No business-to-consumer (B2C) company could survive — never mind thrive — without doing some kind of marketing. B2C marketing, which differs from business-to-business (B2B) marketing in that it focuses on promoting goods and services to individual consumers (rather than other organizations), is the wizardry that makes a company both visible and attractive to their target audience.<br>But “doing” B2C marketing isn’t as simple as shouting from the rooftops about your new product. You need to know who you’re talking to. You need to be familiar with the channels available to you. And fortunately, thanks to digital transformation, there are now plenty.</p>



<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="720" src="https://www.nxtidea.com/wp-content/uploads/2022/10/b2c-nxtidea-1024x720.jpg" alt="" class="wp-image-28349"/></figure>



<p>The rise of online media and technologies has laid the foundation for a heap of new ways to engage with customers — alternatives that allow for greater personalization, interactivity, automation, and measurability. If you are struggling with insufficient technical staff and limited resources, you can consider exclusive digital promotion platforms like NXTIdea to leverage your cloud technology and B2C needs.<br>If you’re not sure which B2C business model is the best option for your business, you might find it useful to consider below the top 4 successful models for FY2022-23<br>Freemium model<br>Customers can access the basic product/service for free but must pay for additional (premium) features and functionality.<br>Pros:<br>• Easy to get a foot in the door: Customers are more open to trying out products/services when there’s no fee attached<br>• Once buyers are hooked on your offering, it’s not too difficult to convert them to paid plans<br>• Fairly easy to obtain word-of-mouth marketing exposure<br>Cons:<br>• You can fall into the trap of giving away too much for free.<br>• Constant innovation is required to keep increasing the value of premium services.<br>• Costs can outweigh earnings in the early stages of business.<br>Examples: LinkedIn, NXTIdea<br>Subscription model<br>Rather than paying a high price once, customers pay a recurring flat fee (every month or year) for consistent access to a service/product.<br>Pros:<br>• Fairly predictable and reliable income stream<br>• Improved customer retention<br>• Ongoing servicing allows for close study of customer behavior over time<br>Cons:<br>• Small issues can disrupt an entire product/service delivery cycle.<br>• Most customers are only willing to subscribe to a limited number of services (so the pool of prospects is smaller).<br>Examples: Netflix, Adobe, Birchbox<br>Advertising revenue model<br>Customers get the product/service for free. The business earns money from advertisers.<br>Pros:<br>• Easy to attract and retain customers<br>• Fairly simple strategy to execute<br>Cons:<br>• Audience/viewership stats must be significant before advertisers will sign up (it can, therefore, take quite some time before you start making money).<br>• The revenue stream can easily dry up during economic downturns.<br>Examples: Facebook, Google, Instagram<br>Marketplace/ platform-based/ brokerage / aggregator model.<br>The business serves as a platform that brings together buyers and sellers, and takes a small cut of every transaction.</p>



<p>Pros:<br>• No major overhead or need to own/store stock<br>• Potential for rapid growth<br>• Gives platform operators access to user data<br>Cons:<br>• You need to reach a critical mass of buyers and sellers before others are tempted to join/engage.<br>• Reputation management can be tricky as the business has limited control over the quality of transactions.<br>Examples: Airbnb, Uber, eBay<br>B2C marketing efforts tend to focus on building trust and cultivating desire, and they rely fairly heavily on the power of emotion and shared values to convince and persuade.<br>You need to select the #B2C business model as per your business plan and vision. Now its time for B2C marketing which refers to all the strategies and tactics a B2C business uses to promote and sell their products and/or services directly to individual consumers. More specifically, it covers all practices used to both acquire and retain customers — to bring in new leads (prospects) and nurture them through the decision-making process to convert them into loyal customers that keep coming back for more. as an effective B2C marketer, it’s essential that you do three things to ensure your efforts in this arena give you the maximum amount of exposure and return on investment:</p>



<ol class="wp-block-list"><li>Carefully research affiliates and identify the ones most relevant to your target audience.</li><li>Constantly track success metrics to ensure affiliates are performing and generating the quality of business you want.</li><li>Protect your brand identity by monitoring the messaging that affiliates and influencers use to engage audiences.<br>Due to growing online user population, all business houses should consider B2C seriously in the current fiscal to compete with global peers.</li></ol>
<p>The post <a href="https://www.nxtidea.com/ni/top-4-b2c-business-models-to-consider-in-fy2022-23/">Top 4 B2C Business Models to consider in FY2022-23</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>Digitization of MSME Units – the big WHY?</title>
		<link>https://www.nxtidea.com/ni/digitization-of-msme-units-the-big-why/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=digitization-of-msme-units-the-big-why</link>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Thu, 29 Sep 2022 13:22:07 +0000</pubDate>
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					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/digitization-of-msme-units-the-big-why/">Digitization of MSME Units – the big WHY?</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
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<p></p>



<p>Why to digitize your business? Are there any advantages of doing it?</p>



<p>The system admin at NXTidea says “Only business plans with built-in digitization strategies can only survive past 2023”.</p>



<figure class="wp-block-image size-full"><img decoding="async" width="960" height="540" src="https://www.nxtidea.com/wp-content/uploads/2022/09/Digitalisation-Lead-Image.jpg" alt="" class="wp-image-27984"/></figure>



<p>COVID-19 is a wake-up call for many traditional companies who dragged their feet when it came to digital transformation. We are still far from an end to COVID and the economy is not running full steam. Fortunately, all clouds come with a silver lining and in the case of COVID, it has brought in the realization among companies that a COVID-like situation is repeatable and being prepared is the best approach ahead.</p>



<p>Companies may find it tough in going about digital transformation, considering the logistics and the effort involved. However, there are significant, visible benefits for companies which have implemented digital transformation in their premises. Traditional companies get the necessary competitive edge in the market with digital transformation:</p>



<p>There are many b2b digital platforms like <a href="https://www.nxtidea.com">NXTidea</a> which provide digital promotion facilities and dynamic listing with AI-powered CRM.</p>



<p>Companies may find it tough in going about digital transformation, considering the logistics and the effort involved. However, there are significant, visible benefits for companies which have implemented digital transformation in their premises. Traditional companies get the necessary competitive edge in the market with digital transformation:</p>



<ul class="wp-block-list"><li><strong>Data-led Decision Making</strong>: A business is always trying to cut on costs and improve revenue, with digital transformation enough data starts becoming available and businesses get transformed with data-led decision making. Data becomes the critical component for framing business strategies. In addition, it augments relevancy, real-time feedback and agility through structured (customer information) and unstructured (social media metrics) data.&nbsp;</li><li><strong>Transforms Customer Experience:&nbsp;</strong>Customers expect ‘solutions’ to their problems through product or service in a timely manner. With digital transformation and the incorporation of the latest in technology, a company serves its customer better through improved sensitivity towards customer concerns through seamless workflow. A company through digital transformation gets the consideration as an authority in the industry and earns the trust and respect of their customers.</li><li><strong>Encourages Collaboration</strong>: Communication is one of the primary drivers that improve efficiency in an organization. With incorporation of technology, a company is benefited with the smooth flow of information across departments. A healthy culture of collaboration is seen with the easy availability of critical information across departments.&nbsp; The organization is turned into a unified workforce with common goals.&nbsp;&nbsp;&nbsp;</li><li><strong>Improves Skills &amp; Knowledge:&nbsp;</strong>By adopting digital transformation a company no longer chooses to remain in the past and faces the future with confidence. With the technology landscape changing fast and with emerging technologies becoming relevant with every passing day. Digital transformation compels employees to embrace change to develop their skills and knowledge required for a fast-approaching future. This makes the organization not only competitive but future-ready to take on any business challenge.</li><li><strong>Increased Flexibility &amp; Scalability:&nbsp;</strong>One of the major disadvantages of old legacy systems is that it requires manual operation which becomes extremely restrictive in situations where there is a spike in the workload. With digital transformation improved flexibility becomes the norm for the functioning of the organization. Modern software is often easier to integrate with various parts of a business, this makes the workflow more automatically streamlined without the need for manual intervention making scalability a visible reality.</li></ul>



<p><strong>Credit –</strong> MSMEx</p>



<p>#msmeDigitization #msmeGrowth #msmeListing #b2bPlatform</p>



<p></p>
<p>The post <a href="https://www.nxtidea.com/ni/digitization-of-msme-units-the-big-why/">Digitization of MSME Units – the big WHY?</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>5 Key Areas MSMEs Should Focus during Digitization in 2022</title>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Thu, 29 Sep 2022 12:13:36 +0000</pubDate>
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					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/5-key-areas-msmes-should-focus-during-digitization-in-2022/">5 Key Areas MSMEs Should Focus during Digitization in 2022</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
]]></description>
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<p>India boasts about 63 million MSMEs enabling around 11.10 crore jobs– This means MSMEs contribute to 22% of employment in the nation. Not only do small to medium businesses help in employee empowerment but also contribute the lion’s share to a nation’s financial health.</p>



<p>Unfortunately, 17% of India’s MSEs have been closing due to sparse demand and regional restrictions. To even worsen the case, the pandemic left a significant impact on the growth of several micro to medium enterprises.</p>



<p>But wait with a pinch of patience!</p>



<p>Here’s some good news. Digitization of MSMEs on platforms like <strong>www.nxtidea.com</strong> has shown a positive impact on business growth. And that’s exactly what you’ll uncover in the article. There are few key points which every entrepreneur or business owner should consider while digitizing the business process.</p>



<p>90% of MSMEs haven’t yet adopted digital solutions. What’s more alarming is the digital transformation in these businesses is extremely slow, just like a snail’s walk.</p>



<p>Did you know that according to Singapore’s first-quarter economic survey in 2019, the companies adopting digital tools spiked their value and productivity by 25% and 16%, respectively?</p>



<p><strong>Essential Areas MSMEs Must Focus on Digitization</strong></p>



<p>The digital transformation in MSMEs produces an elite impact on the overall growth and value. The tech tools are boon, especially for eCommerce and service-based businesses to garner customers from anywhere at any time.</p>



<p><strong>Finance</strong></p>



<p>Although most of the companies in the earlier days were self-funded, nowadays, the startup requires huge credits to survive and grow. That’s why it’s essential to enroll in various government initiatives such as MUDHRA to enjoy adequate funding.</p>



<p>In general, government fundings consume more time for processing related documents. So, switching to reliable fintech company policies is a wise option. Several credit offering fintech companies help you avail of massive funding at minimal Interest rates.</p>



<p>Between 2015 and 2019, the finance companies have spiked to 1300 in the B2B space. A few reliable fintech solutions include LendenClub, PayNearBy, and Brego.</p>



<p><strong>Project Management</strong></p>



<p>Project management is another important area to look after for the smooth functioning of a business. Usually, the micro, small, and medium enterprises boast 10, 50, and 250 employees. So, it’s freaking hard to manage the workflow during various operations.</p>



<p>However, the project management software and tools ensure an organized workflow with utmost productivity. A few project management tools include Asana and Trello, which help team management, project workflow management, and much more.</p>



<p><strong>Marketing</strong></p>



<p>The major concern for micro to medium businesses is marketing. The local laws and policies are major barriers for MSMEs to reach audiences across states. This is why it’s important to focus on digitizing marketing operations in an enterprise to reach a wider audience across the globe.</p>



<p>For instance, the social media handles such as Facebook, WhatsApp, Instagram, or Pinterest help engage and nurture an audience. As a result, it drives sales and conversion rates incredibly.</p>



<p>Research from the Endurance International Group found that 50% of MSMEs switched to digital tools, including WhatsApp and video conferencing tools, to manage day-to-day operations. Not only do these tools contribute to business revenue, but they also build robust consumer-centric brands.</p>



<p>One of the most profitable sectors due to digitization is eCommerce. Sharing eCommerce products on WhatsApp, Instagram, or Facebook has increased sales abruptly. Moreover, the simultaneous use of Facebook and Google ads generated enormous income within a few weeks to months.</p>



<p><strong>Security</strong></p>



<p>One of the essential areas that companies should consider is security. As the business grows, it should focus on advanced security systems to protect internal and external data from hackers.</p>



<p>The lack of cybersecurity systems results in several issues for customers and businesses. In contrast, the efficient security systems in a workspace ensured minimal liabilities, compensation, and expenses.</p>



<p>You can download a free copy of cyber laws in India at #nxtidea.</p>



<p>How to prevent digital hacks and ensure extreme security for the consumers? Simple. Install antivirus software and work with cybersecurity professionals to ensure a safe and secure business environment.</p>



<p><strong>Customer Engagement &amp; Interaction</strong></p>



<p>The last key area MSMEs should digitize is customer engagement and interaction. Whether a service-based business or an eCommerce, customer interaction and engagement play a crucial role.</p>



<p>Several businesses are leveraging chatbots, review sites, websites, email marketing, contact forms, forums, and social media to enhance customer interaction. Although it’s pretty overwhelming, the proper usage of these tools ensures credibility and garners customer trust.</p>



<p>On the other hand, businesses should focus on customer engagement to drive them to purchase more and more. A few ways to engage consumers include blogs, social media updates, email marketing, and YouTube videos.</p>



<p><strong>The exciting part about digital transformation is that the MSMEs spending over 30% on the tech-tools and software has garnered 9X revenue. So, MSMEs should adopt digital tools for hassle-free business operations, from manufacturing products to market them to a global audience.</strong></p>



<p><strong>You can rely on well-researched and latest technology platforms like </strong><a href="http://www.nxtidea.com">www.nxtidea.com</a><strong> and leverage your digital needs.</strong></p>



<p>Click to register <a href="https://www.nxtidea.com/get-your-business-listed"><strong>free</strong></a><strong> </strong>today.</p>



<p><strong>Credit : MSMEx #b2b #businessListing #msmeListing #msme #b2bListing #b2bOdisha #digitalOdisha #goDigital #growBusiness</strong></p>



<p></p>



<p></p>



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<p>The post <a href="https://www.nxtidea.com/ni/5-key-areas-msmes-should-focus-during-digitization-in-2022/">5 Key Areas MSMEs Should Focus during Digitization in 2022</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>Online Surveys – The Future Of Business Growth</title>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Thu, 15 Sep 2022 09:32:45 +0000</pubDate>
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					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/online-surveys-the-future-of-business-growth/">Online Surveys – The Future Of Business Growth</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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<p></p>



<figure class="wp-block-image size-full"><img decoding="async" width="1024" height="552" src="https://www.nxtidea.com/wp-content/uploads/2022/09/NXTidea-Online-Survey.jpg" alt="" class="wp-image-27777"/><figcaption>Survey Form Research Marketing Mark Concept</figcaption></figure>



<p>Will you be happy if you receive more footfalls beyond your thought? Will you the happy if your customers are satisfied with your services? Will you be much happier if you realize more ROI?</p>



<p>Is there any way you can confirm your YES to the above? The only tested way is to know your customer needs; which is possible through customized well-planned surveys. These surveys are online campaigns where existing customers and to-be clients participate to express their business needs and opinions.</p>



<p>Marketing is built on the opinion of existing/to-be customers. Without the public’s intent and buy-in views, getting a concept or product to the market is nearly impossible. And yes..risky too. Today, there are many options to choose from with gathering these opinions. Small business house owners and entrepreneurs can set up complex systems to examine behavioral data or work with a research company and conduct surveys. <em>We at #NXTidea just do this to analyze our client niche and customize surveys accordingly. You can try out our expertise</em> <strong>here</strong>.</p>



<p>Business owners in 2022 and for the next decade benefit from the following in the following ways:</p>



<p><strong>1. Create Your Brand Visibility</strong><strong></strong></p>



<p>With online surveys, you can get valuable consumer feedback and use it to give credibility to your brand. Knowing the consumers thoughts can help you guide important branding decisions and give you nascent ideas on how to satisfy your target market in the most effective and creative ways.</p>



<p><strong>2. Use Surveys to stay connected with Your Customers</strong><strong></strong></p>



<p>Every business wants to engage their customers and to-be clients. A great engagement tool is sending surveying campaigns directly to customers to learn more about their experience with your business. Not only does this give customers the chance to share their thoughts, but it also shows that your business values their opinions to a greater extent.</p>



<p><strong>3. Analyze Market Data with Social Media Surveys</strong><strong></strong></p>



<p>For small and large businesses alike, social media can drive lots of website traffic. When customized strategically, a social media survey can be a cost-effective marketing tool, generating more needed information than other data collection methods. Engaging in regular surveys can help small businesses gain valuable market insights.</p>



<p>Through social media, you can filter prospects and reach a spectrum of audiences, allowing you to plan marketing strategies for the future. When you interact with your customers and prospects through an online survey, you’ll learn what your audience needs and collect an array of information about how your customers view your brand and what changes, if any, they want to see from you.</p>



<p>For multivariate audiences existing in different geographical locations with different tastes, survey your audience across all your social media platforms and use the same survey, to maintain consistency in your results.</p>



<p><strong>4. Enhance Your Client Profiles</strong><strong></strong></p>



<p>With surveys, audiences may also choose to share basic information like age, demographics, and contact information by offering an incentive in exchange. With an incentive attached, customers are more likely to complete a survey and provide these important details.</p>



<p>By gathering and analyzing insights from your niche, in particular, you can think of ways to enhance your business to serve these groups or appeal to their specific needs and interests. Surveys are also an excellent tool for creating customer personas for personalized marketing purposes.</p>



<p><strong>5. Generate More Leads</strong></p>



<p>Quizzes are popular among people of all ages, especially when the quiz is relevant to their shopping experience. When you make your survey a fun quiz, you can keep your customers engaged and answer questions until the end.</p>



<p>Once you chalk out who your target audience is and you’ve created their profiles, you can use this extracted data to create knowledge or personality quizzes, depending on what you’re planning for your future marketing strategies and expected product advertisements. Surveys can be used to educate your audience about your services and products, and the latest technology they are using.</p>



<p><strong>6. Using Customer Feedback to create new products</strong></p>



<p>Surveys let you know what your prospects are thinking about your business and products or services. Your brand’s quality and reputation are mandatory, especially if you’re a business owner with a long-term vision, so you want to focus on developing and marketing products that impact your customers. Online surveys can help you determine what your customers’ needs and preferences.</p>



<p>“Asking open-ended questions about what your customers think about a service or what features they would like to see in a product can help you analyze whether you’re meeting all of your customers’ needs and what you can do to improve your offerings.”</p>



<p>When you survey your customers, you’re no longer developing products in a vacuum or offering services people might not want. Instead, you’re using customer feedback as a guide throughout the product development process and establishing an interactive communication loop. You can also use this feedback to generate ideas for marketing campaigns early, such as for a holiday marketing campaign.</p>



<p><strong>7. Improve the Customer Satisfaction Index for a deeper branding</strong><strong></strong></p>



<p>Every business or business thought needs to know how customers perceive their brand. As such, your business should focus on improving your customer service by gathering feedback following a successful sale. One of the promising ways to improve your sales figures is by sending out a post-sale survey after purchase or including a survey link on your customer receipt.</p>



<p>Scrutinize your present niche and future audience. Strategize surveys. Grow your business beyond our vision. Alternatively, you can check out our <strong>special surveys</strong> designed by market research experts.</p>



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<p>#businessSurvey #digitalOdishaSurvey #msmeSurvey #onlineSurvey #businessSurveyBundle #growThroughSurveys #b2bPlatform #dynamicListing #b2bOdisha #customerRetentionStrategy</p>



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<p>The post <a href="https://www.nxtidea.com/ni/online-surveys-the-future-of-business-growth/">Online Surveys – The Future Of Business Growth</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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		<title>#nxtIdeaAds – The Near Future of Advertisement</title>
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		<dc:creator><![CDATA[NXTidea]]></dc:creator>
		<pubDate>Wed, 14 Sep 2022 07:25:16 +0000</pubDate>
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		<category><![CDATA[nxtIdeaAds – The Near Future of Advertisement]]></category>
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					<description><![CDATA[<p>Just a decade back, the joy of business, owners seeing their business details in a local yellow pages book felt like an achievement. The pride made them distribute a few copies among their contacts.</p>
<p>Sadly, these pages are getting ready to hibernate forever within a couple of years. Today there are online business directories that serve the very purpose to provide business contacts as per customer needs...</p>
<p>The post <a href="https://www.nxtidea.com/ni/nxtideaads-the-near-future-of-advertisement/">#nxtIdeaAds – The Near Future of Advertisement</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="439" src="https://www.nxtidea.com/wp-content/uploads/2021/10/nxtidea-adevertisement-1024x439.jpg" alt="" class="wp-image-13465"/></figure>



<p>Want your business to go global? Want new customers to scale up your ROI? Want to brand your thoughts across domains? It’s a definite yes. It’s a proven fact that future businesses will thrive and grow only through digital platforms.</p>



<p>As the age of cloud applications gripped the world, everything became a lot more digitized. This includes businesses moving their services and advertising online unlike Traditional advertising which used billboards and traditional media channels for advertisements. These channels were minimal, but the audience they could reach also has begun its downward trend. Although traditional advertising does have its benefits in attracting a certain demographic, Digital Advertising has taken over as the main channel due to internet usage, changes in customer behavior, and globalization.</p>



<p>One of the most important parts of marketing is adapting to changing circumstances and changing your strategy according to new age requirements. This is the reason the demand for online advertisements is growing.</p>



<p>Today’s consumers prefer convenience. They can access all and any information regarding their favorite brands right from the comfort of their homes. No one wants to walk around noting down billboard ads for exclusive deals. But the same consumer will joyfully click on your ad campaign when it conveniently shows up in their news feed on social media.</p>



<p>With digital ads, organic performance can benefit from:</p>



<ol class="wp-block-list" type="1"><li>An increase in brand awareness by displaying your content to individuals within and outside of your networks.</li><li>A better understanding of your audiences by leveraging the targeting and analytics of the ads platforms.</li><li>The creation of higher-performing content by understanding what ad content helps you achieve your business goals and what doesn&#8217;t.</li></ol>



<p>Digital advertisement allows brands to be in an ongoing conversation with their target audience. Traditional advertising usually tries to distract consumers long enough to engage them with their business. In comparison, digital advertisement is about seamless integration with the consumer’s content. This allows businesses to portray their brand identity more authentically and genuinely.</p>



<p>When potential consumers search for a specific product, they are advertised precisely what they are looking for. These platforms have algorithms in place that show consumers ads based on what they like and dislike on their social media accounts. What web pages they visit, and what conversations they have. This process then later can be even automated. This can save your business a lot of time and is also a cost-effective strategy in the long run.</p>



<p>The key to getting the right Digital Advertising Platform depends on what kind of audience you want to reach and the message you want to send. Each one has its pros and cons. A more flexible and economic platform, <a href="http://www.nxtidea.com">www.nxtidea.com</a> provides a dynamic listing facility with the latest brand promotion services.</p>



<p>You can select our needs at <a href="https://www.nxtidea.com/advertise-with-us">https://www.nxtidea.com/advertise-with-us</a></p>



<p>If you are an MSME business owner or an aspiring entrepreneur, switch to digital advertisements. <a href="https://www.nxtidea.com/contacts/">Contact us</a> for a free consultation for your business advertisement needs.</p>



<p>#onlineAdvertisement #adPlatform #nxtAds #vendorListingServices #dynamicListing</p>



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<p>The post <a href="https://www.nxtidea.com/ni/nxtideaads-the-near-future-of-advertisement/">#nxtIdeaAds – The Near Future of Advertisement</a> appeared first on <a href="https://www.nxtidea.com/ni">NXTidea</a>.</p>
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