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Home Entrepreneur Story

How Michael helped Sam to turn his failing business into a profitable venture?

Alifia by Alifia
October 9, 2021
in Entrepreneur Story, His story, Relationships, Social Story, Story
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The evening was dark, and Sam was sitting on a bench in the park. His face was sullen, and he was looking at the sunset. It was an empty look. Around three years back, Sam opened the handcrafted items that he sourced locally from the artisans. Opening a shop was not a viable option due to the expenses and formalities involved. So, he started a digital store instead and sold the items online. To his amazement, the company started achieving milestone success within the first year- both in terms of revenue and reputation. The profit journey continued for three years in a row, but then things started changing. For the last one and a half years, the sales declined, and Sam was in depression. In this story, we will see how the right digital business strategy helped Sam regain his prime position on the internet.

Soon, Michael also entered the park, greeted Sam, and sat on his bench. Since childhood, they were friends, and this neighborhood park was their favorite meeting point since they were small. Michael was a successful digital marketer and a friendly, helpful fellow.

“What’s the matter, Sam? You seem worried.” Michael looked into the empty eyes of Sam.

In a slow and flat voice, Sam told him the reason for his worry. Michael was a friendly yet practical fellow. Unlike Sam, Michael looked at the challenges as “opportunities to grow.” He emphasized possible solutions for Digital Business Strategy. “You say that your start-up has failed. But have you reviewed the reasons behind the failure? You were doing great three years back. Now, what happened? How come the sales are spiraling down so sharply? Let us assume the things one by one and sort them out now and here.” Michael said. It is the story of the three years journey:

Mistake#1: You can “make” but cannot “purchase them.”

Sam’s Start-up invested heavily in Facebook penetration and acquired hundreds of thousands of likes in a short time, but it didn’t translate into social media penetrations/success.

“Sam realized that acquired likes or purchased like won’t turn into an engagement.”

Now, he instead invests in community building through campaigns focusing on targeted audiences. Of course, the likes have significantly declined, but engagement has increased, and this year, he got a total of $4800 worth of purchase orders from Social Media- not a Whopping amount but enough to pay back 35% of his loans.

Calculation

  • Cost of campaigns- $500 (He and his 2-member team developed most of them with no or very little external help)
  • $4800-500 = $4300 (Total Sales)

Mistake#2: Following age-old SEO practices

Following age-old SEO practices

Sam had seen better days during the initial period of their SEO strategy. Online ordering accounted for around 80% of their total sales. But it has been on a sharp decline since the last two years that was the primary reason behind the failure.

Michael helped Sam to understand the reason behind the online sales. He told him that one of the prime reasons behind online sales is the website’s position on the search engine. Upon reviewing the tool’s SEO history, Michael noticed that Sam’s sit was ranking on the first page on multiple keywords. Still, it didn’t take much time for the experienced eyes of Michael to understand that the reason was “Keyword stuffing and dozens of Backlinks.”

Many things have changed since then. Google has become much brighter, and keyword stuffing or irrelevant backlinks don’t offer any ranking benefit to the website; it instead harms their reputation and hurls them down several ranks. In some cases, it also results in penalties or even blacklisting.

However, Sam’s SEO agency was still following the same age-old SEO techniques, like many other SEO agencies that rely on conventional static strategies refusing to change with time. It moved Sam’s website from the first page to 3rd page or further down on the exact keywords.

  • Michael engaged a verified economical yet experienced freelance writer to rewrite the site content.
  • Sam’s website is now ranking better to some strategic keywords, and things seem better.

Mistake#3: Using an unsuitable web hosting plan

Sam also noticed that many of his web pages took a considerable time to load. It further annoyed him, but again, a thought springs up in his mind, “My visitors can also get annoyed at these slow-loading pages,” he thought. So, he decided to do something about it.

He contacted his web hosting provider and asked who told him that it is due to the shared hosting plan that doesn’t suit his needs.

Sam’s website has grown to add more elements, products, and media over time, and shared hosting is suitable for a simple website with limited traffic.

So Sam decided to buy an SSD VPS cloud hosting plan, a specially designed plan for high speed, better availability, and scalability.

Down three months, when Sam checked his website speed, he was delighted to notice that it had improved significantly, and all the web pages were able to open within 3 seconds.

Please note that Sam also used some of the tools to make his website lean and light. It also helped a long way in reducing the loading speed.

Digital Business Strategy for right impact to earn good profits
Digital Business Strategy for right impact to earn good profits

Mistake #4: Not posting regular blogs

am also noticed that his site had a blog section that was idle for the last two years. He consulted Michael for deleting the blog. Michael gave him a piece of better advice. “This would be the biggest mistake to make. The blog section is the dynamic and easiest way to improve your ranking. It allows you to engage your audience, connect better with them, and get an authoritative position.”

Michael offered him a complete blogging strategy. He first found the most trending topics using tools like Buzzsumo that shows the most shared items across the web with maximum relevant statistics.

He then followed a healthy content strategy by taking the best references out of the most authoritative blogs.

Then Michael used his creative skills to design well-structured articles.

Michael also used render forests and Canva to prepare engaging videos, informatics, and presentations that he used in the relevant sections of the blog posts.

It shares every blog post instantly across different social media platforms.

Michael made it a point to write at least ten posts every three days ad schedule it for an entire week.

The Transformation

After eight months, Sam came to the same park- with a happy face and healthy spirits. Michael, his best friend, was with him. It was the evening, and both of them seemed to be in a great mood.

“Thanks, Michael. I am out of debt with your hard work and dedication as I paid my last loan installment today. Also, as per my calculations, the net profit has risen by 20% due to better sales and cost reduction. I am also happy with the search engine ranking.”

Michael told him, “It is all because o your determination and the proper use of digital business strategy. It would help if you also were thankful to the excellent content writer we found at Fiverr. And your web hosting provider for suggesting the fast speed web hosting package has also improved the user experience and kept your visitors happy. Last but not least, we cannot forget the role played by the technology and tools that we have used for reclaiming your prime position.”

Conclusion

While it is true that going digital can help you to get better results and improve your business, you also need to have a solid digital strategy. The trends keep on changing, and Google frequently introduces new algorithms. Make sure that our site is compliant with the latest SOE guidelines. Also, use high-quality content that keeps the visitors engaged and helps them connect with you instantly. Last but not least, keep on reviewing or digital strategy and optimize it to suit the latest recommendations.

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Alifia

Alifia

Hi, I'm Alifia from Mumbai. I am a senior ad copywriter with a leading agency in the city. I am a features editor with storyofsouls.com. Love meeting people, nature traveling, and my time. :)

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