Get All Access for $5/mo

The Best Way To Expand Your Market If you're thinking about growing your business, here's the way to do it smart.

Expand geographically, not demographically. If you do business with medical doctors in one location, it's easier to find doctors in another community than it is to try to sell to dentists in your home territory. Once you've built a rapport within a certain customer community, your reputation will make it easier for you to sell to like customers in other areas.

This type of approach simplifies your marketing and sales efforts. For example, if a doctor in Chicago knows that you've sold your product or service to hundreds of doctors in the tri-state area, chances are he or she will place more trust in you than if you've sold only to dentists in a single city. Selling to the same type of customer increases your chances of capitalizing on word-of-mouth and referrals.

Excerpted from 303 Marketing Tips Guaranteed to Boost Your Business

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Is One Company to Blame for Soaring Rental Prices in the U.S.?

The FBI recently raided a major corporate landlord while investigating a rent price-fixing scheme. Here's what we know.

Side Hustle

This Former Starbucks Employee Started a Side Hustle That's Making More Than $70,000 a Month — and He's Not Done Yet

When Tom Saar moved to New York City, he spotted a lucrative business opportunity.

Devices

Stay Focused at Work with These $110 Beats Fit Pro Earbuds

Lock in with a great deal on earbuds with spatial audio and active noise cancellation.

Franchise

'Unpredictability in Various Forms' — How Franchisees Can Adapt and Protect Themselves From Election Year Uncertainty

Franchising can be both exciting and challenging, especially during times of unpredictability — like a U.S. presidential election year.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Amazon Has a Blank Book Problem: Buyers Report Receiving Fakes of Bestselling UFO Book

The book looked fine on the outside, but the inside was out-of-this-world.