New Business Idea & Start Ups:
Starting a business can be exciting, time consuming, and draining; all at the same time. There is an overwhelming amount of information readily available on the internet that is both helpful and burdensome.
WKID Group has designed a complete 5 Phased Process to get your business properly setup and increase your success rate.
Phase 1: Business Research & Analysis
The first phase in setting up your new business is to do the necessary research on your specific industry. In this phase we will unveil the uniqueness of your organization and perform industry research to learn if your product or service is in demand. If so, how much so? We uncover the risks, trends, competition, and perform a growth rate assessment. Similar to a S.W.O.T. Analysis, but for your company. We research your target audience and their demographics, whether any licenses/permits are required, and identify if business insurance required.
Phase 2: Business Registration
Your business registration is a highly recommended step in the setup process if you are seeking any form of funding from an external source. This phase of the process is key to ensuring that your business meets all legal requirements to operate successfully. We do not skip this phase under any circumstances.
Phase 3: Website Development to Establish An Online Presence
From domain registration to payment processing and website content, our job is to set the stage for your business and your brand to be discovered online by a profitable target audience.
Phase 4: Marketing, Promoting & Advertising
Once your online presence is successfully established, we begin spreading the good news. This process includes, but is not limited to, the following:
- Develop Marketing Strategy
- Design Marketing Plan
- Create Digital Marketing Schedule
- Create Social Media Posting Schedule
Phase 5: Business Observation, Analysis & Scaling
The final step in our process is to check your business progress by evaluating your online traffic, sales, and customer engagement. Some questions that we deep dive into are as follows:
- How is the overall business doing?
- What’s working?
- What’s not working?
- What changes need to be made?
- Identify ways to grow your company and or increase your revenue