There are no shortcuts to making your business, online or offline, profitable. You have to channel your energy to the essential aspects of your business and understand your strengths and weaknesses in order to beat the ranks to the top.
Blockchain technology is the latest addition to the tech world. And as tech continues to disrupt traditional businesses — providing them with the platform to scale and reach a broader audience — blockchain technology is an innovation you should include on your watchlist.
That said, one of the ways to scale your business is to adopt blockchain applications such as crypto as a point of sale (POS) integration to handle payment services within your establishment. Celphish Finance (CELP), Avalanche (AVAX), and Solana (SOL) provide you with easy-click resources to make your payment goals seamless, and hence scale your services worldwide.
We’ll highlight more on these cryptocurrencies in this article. Meanwhile here are some of the few ways to make your business more profitable in the current competitive market.
1. Have A Business Roadmap
Having a clear vision of where your business is and where it is headed is a great way to understand your position and accelerate your business activities and decision-making. A business roadmap clearly states the routes you may want to take to achieve a milestone in your business.
When creating a roadmap, be creative, understand your strengths and weaknesses, know your competitors and where you rank, and understand your financial strength, but yet, never back down on big goals/ambitions.
What the above paragraph indicates is to be creative and aim high, but do so realistically to avoid breakdowns and disappointments. In all, a business roadmap prepares you mentally and otherwise to push your business to the next level.
2. Be Creative And Flexible
Creativity produces uniqueness. Being unique in a competitive industry sets you apart from the rest. However, in being unique ensure you do not neglect the basic principles of running your business like your competitors.
There are several ways to stay unique: employing new marketing techniques, rebranding your products to suit target market demands, and employing new tech innovations like cryptocurrency payment systems using crypto protocols like Celphish Finance, among other things.
Also, flexibility to adjust to market trends is another way to reach a broader market. For instance, the crypto industry has been criticised for its excessive carbon and energy emissions which affects our ecosystem; you could adopt greener networks and use such avenues to market your products. People will likely use a protocol that supports a greener ecosystem than one that depletes our Ozone layers.
3. Understand Market Competition
Knowing your competitors and understanding their tactics gives you an edge over them. However, not all competitors can be overcome, especially because there are competitors that have first mover advantages over you and those that have created a mental map in the hearts of your target audience.
Your product will sell regardless of the competition if you understand your strength and limitations and know where to fish. There could be areas your competitors may not be active in which you could profit from. You cannot find these areas if you do not perform market research/surveys often.
4. Embrace Innovations
As mentioned earlier, blockchain technology is the latest innovation taking many businesses to the next level. Do you know that many top financial institutions and even the FBI have crypto holdings? More so, many Fortune 500 companies like Meta, Microsoft, IBM, and others are heavily investing in blockchain technology because they strongly believe it is the future of businesses worldwide.
Crypto payment systems are gaining momentum among traditional and transnational businesses because of their processing speeds, low cost, and efficiency. Solana for example can process 50,000 transactions in a split of seconds—that is way more than VISA and Mastercard combined.
Also, you could create mobile applications for your business. Before this era, creating a mobile app could cost a fortune, however, by simply hodling some coins in your wallet, you could create dApp (decentralised applications) and run smart contracts easily. Celphish Finance and Solana have APIs you could use to create amazing and user-friendly mobile dApps.
5. Keep Accounts Of Progress
You should always account for your little wins. It’s important to, often, do checks and balances to know your progress so far. Accounting for your business progress gives you the motivation to aim higher and do better. More so, you can, by checking your record book, know if you are doing better, and make amends where necessary.
While keeping records, ensure you keep records of finances, and that includes capital, withdrawals, debts, deposits, and so forth. This will help you know how you spend occasionally on infrastructure, research, and promotions.
6. Put Your Customers First
To grow your business your customers come first. They are your money. The more loyal customers you have the more sales you will likely make. It’s like a YouTube channel with thousands and millions of subscribers. Unless the content becomes viral randomly, a YouTube channel with more subscribers will likely win more views provided the content is interesting to the viewers.
Also, putting your customers first means you understand their buyer psychology and adopt techniques to keep customers coming back for more. You could offer incentives, keep email lists, and offer discounts depending on your financial and technical prowess.
7. Be Consistent And Disciplined
Consistency births success. A disciplined and consistent business will always thrive in the market—not soon, but surely. One way to know a successful business is how well it can thrive in a difficult economy and quagmire. Staying and growing your business according to your ambitions will get you the desired results you need.
8. Have A Regular Business Audit And Reviews
After every fiscal season, it is important to review your business activities. You could organise meetings, seminars, or workshops with the team and proffer educational materials to them. Additionally, you could enlighten your audience or target consumers about potential upgrades or launches, and encourage them to share in your goals by referring their friends and family.
Regular audits also help to point out loopholes in your business and show proof of work of things you’re getting right over your competitors.
Enter Presale: https://cel.celphish.io/register
How Solana, Avalanche, and Celphish Finance Can Help Grow Your Business
Solana and Avalanche are Ethereum killer networks because they offer third-generation blockchain services and scaling protocols.
Avalanche (AVAX) is a cryptocurrency on the Avalanche Network created in 2020 after a peer review by Cornell University researchers headed by Emin Gün Sirer and Maofan “Ted” Yin and Kevin Sekniqi. Avalanche, being a peer-reviewed network, offers functionalities (three parallel chains) that can help bring your financial services on-chain.
Solana, on the other hand, has been the go-to network and cryptocurrency for many metaverses and Web3 developers, enthusiasts, and traders. Between the second and third quarters of 2022, Solana debuted its flagship mobile phone to enable more people to adopt and access more blockchain services and functionalities from anywhere in the world.
The Solana Mobile also called “Saga” comes with full Android functionalities with additional blockchain services like NFT launchpad, and crypto wallet, among other future integrations. With Solana Mobile, business owners can take their businesses to the next level, and use blockchain-as-a-service (BaaS) protocols.
Another, protocol and cryptocurrency you can never get your eyes off of is Celphish Finance. You’ll notice that throughout this article Celphish Finance has been a prime example to use to scale your business. This is because Celphish Finance wants to assist in providing innovations that will help grow your business.
For instance, Celphish Finance is creating a mobile/smartphone ecosystem for businesses that have not yet featured dApps. Celphish Finance is also working to make liquidity seamless and super fast and affordable.
How To Join Celphish Finance
Solana and Avalanche are readily available across the web, however, you may experience little challenge finding CELP (native cryptocurrency of Celphish Finance) readily in centralised and decentralised exchanges.
That said, CELP, like Solana and Avalanche, can be bought easily. You will need CELP tokens to become part of the Celphish Finance ecosystem. CELP is available via presale on Celphish Finance’s main site.
Buying the cryptocurrency via public presale will earn several bonuses that you cannot afford to miss out on. For instance, you can earn up to 75% cashback when you buy more CELP tokens. These cashback stacks the more you buy tokens. Additionally, there is a $25 referral bonus when your referrals buy at least $75 worth of tokens. Also, the referral bonus stack.