Expanding Market Reach
Growth of your business ensures that you reach new customers through the following. So this is very necessary for startups as they really need to expand their reach in other to ensure growth which is essential for their survival.
- Geographic Expansion –
Enter new cities and places where the influence of your customers are actually low and then make your business known to them.
You can also establish new sales channels by using e-commerce , retail.]
you can also consider introducing new services and products to your customers, these are all part of product line expansion.