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Marketing will be key in moving your business to
next stage,
Troubled Teen Stage. Why
“Troubled” Teens? In this stage your business can start to spin out of control. You need to establish systems to help you manage your sales and delight your customers. You need to take a close look at your products and drop
low performers. And, marketing once again gets ramped up. Successfully executed, your actions in this stage will lead you to
Young Adult Stage.
In
Young Adult Stage, you will more firmly establish your selling presence on eBay™ with an eBay™ Store. You will start to shift where you spend your time from auctions to more online sales. You’ll need to add new products and weed out low performing products. At
same time, you will continue to increase your marketing activities to include click advertising and an autoresponder.
These activities should take you to
next stage,
Maturity Stage. In
Maturity Stage, your business is firmly established. Sound good? Yes, but it is also
second most dangerous stage after your start-up stage. Why? Your business is doing well. The profits are rolling in. You aren’t working as hard because of
systems you established. Why is this dangerous? You will have
urge to relax and put
company on autopilot.
Shouldn’t you be able to relax and enjoy
fruit of your labors? Of course. However, remember that each day others just like you are beginning to launch their businesses. And, they are coming after you. They want your customers. Now is
time to really assess your marketing efforts. What’s working? What’s not working? Do more of what’s working because one last choice remains. Are you going to renew your business or watch it slowly die?
In
last stage,
Renewal or Death Stage, you need to learn to look at your business with fresh eyes and start this journey all over again. On
second trip, you will have more confidence, knowledge and expertise. You will also have acquired some bad habits. It’s time to shed those and lead your business once more through
stages of its life. The beat goes on…

Michele Schermerhorn calls herself a “Corporate Freedom Fighter” dedicated to freeing cubicle prisoners. She has over 30 years experience in the business world. She is President of Online Business Institute Inc. (www.obinstitute.com), authors a sassy marketing blog (www.imarketblog.com), and regularly conducts free online seminars. Online Business Institute Inc. exists to “Create Successful Online Business Owners One Person At A Time”.