4. Create an incentive program for customers to earn loyalty points.

 Loyalty program are a great way for increasing sales. It is three times more expensive to gain customers than it does selling something to an existing client. Other resources pin this number between four and 10 times higher. But, however you look at it, getting new customers is expensive.

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 Frasier says that customers are more loyal when you have a loyalty program. It could also draw new customers. You'll see a greater return if you offer an incentive that is clear for your customers to invest more money with your company. Your sales will skyrocket if you create a loyalty program that is appealing and accessible to existing customers.

 5. Find new opportunities.

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 Find new opportunities for your business by better understanding your customer base. Understanding everything, including your distribution channels, your direct competitors, to an analysis possible industries and markets abroad is essential. There are probably dozens of new opportunities you can pursue right away with the proper amount of analysis.

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 6. Make an email database.

 The most effective way to expand your company quickly is to create an email list. This means that you must have a lead magnet. If you don't have a lead magnet, how will people sign up for your list? With the lead magnet is the need for a sales funnel. Look into companies like Aweber, ConstantContact, ConvertKit, Drip, GetResponse and others to build and manage your lists.

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 7. Create strategic alliances

 Strategic collaborations with the right companies can really make a impact. It could enable you to reach a wide range of customers in a short time. It may be difficult to locate these alliances. Find companies that are complementary to yours. Contact them and suggest opportunities to work together.

 8. Use global platforms to your advantage

 Selling products online is possible. Why not make use of Amazon's FBA service? Selling services is your business? Why should you not utilize Upwork? Upwork is a great tool for renting vacation houses. Why not leverage AirBnB, InvitedHome, HomeAway or other global platforms? Make use of a platform that's already saturated to help you expand your business.