Augusta
VIP Contributor
The market size for your business is one way to determine how your business is faring in the market. The large the market the significant your business is. it is always good to pursue your business in such a way that it is expanding in the market ti capture more grounds as possible
Though it might not seems easy but it is doable so how do you achieve this:
You can start by selling more of your products to existing customers. This means thst you are still expanding your products sales to accommodate more people
Another good way is to focus on giving customer service, the customer you need to use for expanding your market size needs to be loyal and to achieve this needs good marketing efforts on retaining customers.
Another thing is that to get good market size is to start expanding your customer base to accommodate similar people that are not currently customers yet. it will be better to give them the opportunity to see what they will be missing if they don't become loyal to the brand.
You would need to sell through new channels to capture the market which will increase the size for you or you take opportunities of new markets.
Though it might not seems easy but it is doable so how do you achieve this:
You can start by selling more of your products to existing customers. This means thst you are still expanding your products sales to accommodate more people
Another good way is to focus on giving customer service, the customer you need to use for expanding your market size needs to be loyal and to achieve this needs good marketing efforts on retaining customers.
Another thing is that to get good market size is to start expanding your customer base to accommodate similar people that are not currently customers yet. it will be better to give them the opportunity to see what they will be missing if they don't become loyal to the brand.
You would need to sell through new channels to capture the market which will increase the size for you or you take opportunities of new markets.
