Top 5 Innovative Business Ideas to Grow Your Business NOW!

So, you have made it yet into another year in your online business, right? Great! You indeed must congratulate yourself for many have fallen by the way in the past year.

However, ever as much as you have accomplished this feat, there’s still much to be done. Whether you are a blogger doing all you can to to make money online or you’re a small business entrepreneur marketing your stuff online, one thing for sure is that you will love to see your business grow beyond what it is right now, by the end of this year.

So, how do you do this? Don’t you think there’s still some room for doing more? How about some new business ideas?

There are hundreds of good business ideas that you can apply as a blogger or web entrepreneur to enhance your online business. No matter the successes you’ve achieved so far, now is the time to start making plans for the higher level.

In this article I want to give 10 innovative small business ideas that you can implement right now to grow your business profits starting now. Of course, they not rocket science. They are simple strategies anyone can implement.

So if you’re ready, let’s begin:

1: Re-Brand Your Business

Rebranding and product re-launch is a powerful marketing strategy businesses employ to increase their market share off-line. It could take different forms like changing the business logo, redesigning the product packaging, introducing new components in the product content etc.

Rebranding has a lot of benefits including, but not limited to, creating a fresh impression of the product/business in the minds of customers and prospects. A successful product re-launch can really bring great benefits to the business.

As a business blogger you can creatively use this strategy to give your blog and online business a fresh lease of life. I recently employed this strategy on this blog. I gave the WebIncomeJournal.com a facelift that touched every area of the blog – the blog design, logo, and content package were given a new life.

To implement this strategy in your online business, simply take a deeper look at your business and come up with areas you will need to work on. Think of how you can package this into something that will interest your customers and then design it to be a product re-launch!

To make sure that this work out great you can involve different promotional tools to give the re-launch some buzz. You could employ PR services, social media announcements, article marketing, guest blogging etc to create the necessary buzz. This will not give you some new incentive to do more in the business but will also give you the opportunity of getting new customers.

2: Prioritize Your Time & Operations

This is another great tip that will greatly enhance your online business and increase your profits. By now you definitely know that there are lots of things that jostle for your attention everyday on the net. There are of course dozens of ways you might be employing right now to market your blog/business.

But, how about if you’ll prioritize your operations and choose to focus more on some operations?

For example, instead of spending hours hopping from one blog to the other posting comments or spending hours in a forum reading and replying to discussions, you could decide on writing articles for submission to the article directories or better still write guest posts for blogs that accept guest blogging. This will not only increase traffic to your blog but also your profits.

3: Add a New Marketing Technique to Your Schedule

This is indeed another powerful way of enhancing your online business success. Chances are you’ve been using some specific marketing methods over the past months or even years. How about adding something new?

Ever tried to promote your blog or business online through free classified ads?

How about video marketing?

Have you considered podcasting?

Indeed, these are some of the internet business marketing ideas and techniques for marketing your business online. Analyze your present marketing strategies and then consider the ones from this list that you can add to them.

By simply adding another marketing method to your usual strategies you can actually increase your profits greatly.

4: Leverage the Efforts of Others

There is no doubt that you have a limit to what you can achieve in a day – except you’re some super human! However, you could increase your productivity greatly if you’ll use the power of leverage. For example, outsourcing.

Outsourcing is something every successful person and/or corporation is involved in. The internet has made it a lot easier for you to outsource your work to competent people – sometimes at ridiculously very low cost!

The good news however is that doing this can really be of great benefit to you as you’ll produce more results. So if you’re thinking of some innovative ideas to maximize your success then you need to outsource your operations.

To achieve this you need a well laid out system for your business. Ensure therefore that you’re building a system for your business so that you can leverage the efforts of others without any fear of messing things up.

 5: Get Involved With Video Marketing!

As I’ve mentioned in #3 above, video marketing is something you should really consider adding to your online marketing arsenal! This is SERIOUS enough that I want to put it on a separate list

One reason you should consider video marketing is the fact that video gets indexed very fast by Google and this could be a great plus for your blog or website SEO. Besides, the traffic a single video can generate could sometimes be outstanding.

If you’re worried about video marketing because you lack the skills to get involved, you could easily outsource it. The good news is that there are various online video services that will easily convert your blog articles to video with little or no effort on your part. Here’s one online program that will turn your articles to highly valuable videos without much effort from you.

If you however, want something more professional then basically you need a simple digital camera that has video capabilities. You can get any of these from Amazon at a good price.

In creating your videos all you have to do is talk for a few minutes about whatever niche market you are in. You can give away tips, advice, or give a product review for a product that you are promoting. It can be either a product or service that you created, or one that you are promoting as an affiliate.

Here’s an example of a video I created sometime ago:

I have also created a Youtube channel for the WebIncomeJournal. Feel free to subscribe today!

Ok, that’s all we can take for now because of space. We definitely will continue with this in our subsequent posts. What you should know however is taking a proactive step in building your business demands you being innovative and forward thinking. I do hope that these business ideas and the ones we will discuss later will indeed help you boost your business income in the months to come.

Let’s make it a date!

Your comments are always welcomed. Feel free also to share your views on the video.