Are you planning on setting up a business this year? It is not a bad idea, because having a company gives you the opportunity to increase your income and develop your products and services. However, if you are currently financially challenged, then you might want to consider setting up your business remotely. It is a cost-effective solution while you are trying to market your company and hoping to gain trusted clients soon.
Running your business at home means that you do not need to worry about monthly recurring overhead costs like rent and equipment. One of the reasons why most startup businesses fail is because its owners are having difficulties in maintaining overhead expenses. Still undecided? Here are some tips on how to be successful in running a remote business.
- Get your business permits ready
Before deciding to promote your business online, make sure that you have the necessary paperwork to prove to your future clients that your company is capable of serving the public. In most countries, it is against the law to operate an unregistered business, and you can end up paying huge fines or face closure that can affect the source of income of your employees
- Make sure that your presence is felt in social media platforms
In the absence of your physical marketing team, why not take advantage of social media like Facebook and Instagram to promote your business at no cost? Check out companies like Coacha that are known for selling an affordable “membership database”, that can be linked to your social media accounts and help promote your business to new and existing customers. Hire someone who will be responsible for posting updates as often as possible and address all queries on time.
- Launch your company website
Many entrepreneurs do not realise the potential of having a company website and some even consider it as an unnecessary expenditure. However, aside from staying active on social media, having an official website gives your customers open access about what your company can offer. With the absence of a physical office, most clients would prefer browsing at the company website to check your latest products or services, read customer feedback and of course know more about the company before deciding whether to buy or not. If you want to save money in the long run, make sure to hire a capable web designer that can maximise your business page.
- Hire the right people and make sure to communicate well
Since you will be hiring people who will work remotely, it is best that you hire qualified candidates to work for you. Start by posting jobs online and carefully reviewing each resume, shortlisting candidates and inviting them for an interview. Once you have the right people within your team, it is crucial to give them the training they deserve. Also, make it a point to open the lines of communication through scheduled group meetings and one on one sessions to share company updates and to keep your employees motivated at all times.
Running a remote business can be quite challenging; however, it can also be rewarding as long as you remain hardworking and dedicated at all times.