📺 Stream EntrepreneurTV for Free 📺

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

entrepreneur daily

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.

Starting a Business

I Wish I Knew These Four Things Before Starting My Own Business

Starting a business is hard work to say the least. These are four lessons I wish someone had shared with me before going solo, so I'm here to share them with you.

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.

Devices

Add Some Life to the Office with $60 off This Bluetooth Speaker

This TREBLAB speaker provides 360-degree HD sound and high-powered connectivity.

Business Solutions

Organize Your Podcasts and Audio Content with This $40 Plan

Player FM lets you organize and sync podcasts across different platforms in one place.

Resumes & Interviewing

Find Jobs Easier with This AI Resume Builder on Sale for $90

Canyon Pro features automated resume writing, application autofilling, and more helpful tools for finding a job.

Science & Technology

Brand New GPT-4o Revealed: 3 Mind Blowing Updates and 3 Unexpected Challenges for Entrepreneurs

Unveiling OpenAI's GPT-4.0: The latest AI with vision, auditory, and emotional intelligence abilities is revolutionizing industries. How will it affect your business?