5 Ways Technology Can Grow Your Business

5 Ways Technology Can Grow Your Business
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Are you a business owner and looking for ways to expand and develop through the use of technology? It is important to continue learning when you are in charge of your own brand, business, and employees. Part of the process includes researching new strategies and looking at the latest trends in your work line.

A large part of business growth comes from technological developments, revolutionizing how we can offer our products and services. The digital age has provided businesses with plenty of opportunities to learn, develop and grow, and as technology continues to evolve, business growth is set to continue.

We’ve put together some way technology is currently being used by businesses and how it could help with your growth. Keep reading to find out more about the different ways technology can be incorporated throughout your business.

1. Opens up opportunities

Technology can help your business operate more effectively by delivering products and services online and enhancing customer experience. As well as simplifying certain aspects of the industry such as setting up a website rather than running a brick-and-mortar store, it allows you to move with the times and adapt to new ways of working.

It presents possibilities. Take the current situation with the pandemic – most physical stores have had to close, whereas online companies can sell their goods and services. It is also opened doors for people selling second-hand clothes and items. By simply taking a photo of the goods, they can then quickly upload them to sites like eBay using their smartphone and receive the money instantly.

2. Increases productivity

Technology has paved the way for making teams more productive. There are multiple productivity apps available to business owners and employees. From finance apps to communications apps and even cloud storage apps. These applications are available on both smartphones and desktops to help organize your teams and manage the workload effectively.

 Businesses can use digital signages as a motivational tool by showing outstanding employees and mentioning their accomplishments. Those can show the current achievement of the month and motivate the other employees for better working. These tools demonstrate that you value and encourage your employees’ efforts. The other method of boosting your employees’ working morale is a rewarding system which will motivate them to work for better results.

Some popular choices include Slack, Monday, and Asana, and all offer packages that are completely free of charge. Applications such as these allow businesses to open up communication lines and share files with the click of a button, allowing people and companies to work more efficiently.

It also will enable businesses to conduct a one-to-one meeting with employees to discuss progress levels and any improvements that could be made. By planning arrangements such as these and checking in with your employees regularly, you can expect them to deliver on their work and promise as they will feel like a valued member of the team.

It also provides growth to both the individual and the workplace, which encourages upskilling and more efficient working ways. In turn, this will undoubtedly make the overall experiences for both parties more productive.

5 Ways Technology Can Grow Your Business

3. Offers new marketing techniques

Traditional marketing campaigns have been transformed by technology. Setting your business up online is one thing, but if you do not have suitable digital marketing campaigns, you will struggle to spread the word about your business and get customers to your website.

Digital campaigns are often more effective as they target specific markets, allow your customers to start a conversation, and are sometimes cheaper than other advertising forms.

From social media to email marketing, writing blog posts, and press releases, there are a whole host of digital marketing techniques you can implement. Whilst it is crucial to use these techniques to drive traffic to your website, it is also important to optimize your site for mobile searches, too as around 50 percent of people complete purchases on their smartphone. To ensure high functionality and rank on the first page of search engine results, you have to employ an SEO consulting company.

Learn about digital marketing and improve your business online. Check out the Post Graduate Digital Marketing Certification program from Simplilearn.

4. Provides a unique experience

Businesses are constantly looking for the next best thing. Offering a better customer experience than your competitors should put you ahead of the game and increase your overall sales. Many companies have adopted virtual reality technology, where customers can experience products and services as if they were there in person.

This type of technology forces businesses to think outside of the box and engage with people in a new and exciting way. For example, property investment company RWinvest has been using virtual reality technology for digital property tours during the pandemic as face-to-face contact has been restricted. Virtual reality headsets, which are inexpensive to purchase, can take a 3D time of a property as if they were witnessing the space first-hand.

5. Ease of Communication

Lastly, many businesses strive to work smarter, not more complex, and no exception when communicating. Nowadays, with the advances in technology, communicating with staff and customers is easy. Companies can video call or message suppliers and workers remotely anywhere in the world and get a response instantly.

This is ideal for doing business overseas or working collaboratively with other team members on specific tasks. In the modern-day, communication is all about speed and how quickly you can receive and convey a message. Technology in the form of satellites and wireless signals ensures instant delivery to any location when trying to communicate. The easier sharing has become, the larger the audience we can reach. A lot of online communication is done publicly, via social channels, allowing businesses to reach a much larger audience in a matter of milliseconds.

When considering some of the ways technology can help grow your business, it can be determined that modern digital advances are needed to take your business to the next level. Whether you are a business owner looking to improve your strategies and implement more efficient ways of working, or you are an employee wanting to make relevant changes to your company to become more productive. Either way, technology is necessary for the modern era and can enable businesses to reach new heights.

Today there are more options than ever before to help your business succeed!  Tools like eprocurement solutions can help your business compete with large companies much easier.


Thank you for reading!