Ok, so finding new business is a subject we’re asked about a lot at the moment, and there are some practical steps you can take instantly that won’t cost much at all.
First you should make sure you keep the communication channels open with all your clients or customers (even those who are spending less.) You’re in this for the long-term and want to make sure you keep them as things pick-up. It is also really important that you understand how they’re doing, what they’re doing and why they’re doing it.
The next biggest block are those who have spent with you previously, but who are not active trading accounts. I am amazed at how little effort many companies put into ‘lapsed customers.’ They are all winable ! Well maybe not all, but many are ! You know something about them, and what they do - so milk this information to gain maximum advantage.
You may also need to have some internal brainstorming meetings with your team to tap into their ideas. Remember we’re all in this together, and they’ll value the opportunity to help out. You might need to look to promote ‘value’ products, or look for market sectors that are doing well at the moment. You may look to offer free taster sessions if you supply services, or some free ‘added value’ presentations if you sell products. This may buy you some brownie points for when things pick up.
There are many, many ideas and the companies who will survive are those who adapt fastest and change their behaviour.


