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    Home»Business»7 Actionable Tips to Win More Contracts for Your Business

    7 Actionable Tips to Win More Contracts for Your Business

    JustinBy JustinNovember 2, 2022No Comments6 Mins Read Business
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    The Internet is becoming a saturated marketplace with each passing day. Many businesses struggle to strive in their niche due to market saturation and a lack of high-paying clients. In order to thrive in this competitive world, businesses need to consistently land premium contracts.

    We have done all the hard work for you and compiled a list of seven such actionable tips that will help you effortlessly land a client for sure. Each tip caters to a different approach to getting a high-value client. Let’s dive into these actionable tips:

    Tender Tracking

    One of the modern ways to get top-notch clients for your business is through contract tracking. There are many contract tracking software programs available in the market that will help you in managing and maintaining tenders of different sorts. 

    Tracker intelligence offers management of all your contracts along with the collection of all available tenders in the market on a single platform. It will save you from the hassle of looking into different economic platforms and newspapers in search of relevant tenders. You will automatically get regular updates on all the tenders that have been offered in your niche. 

    When you apply to all the tenders in your niche, it will increase your chances of getting the contract which can be easily translated into more revenue. Moreover, you will also get constant updates on the status of your tender, which will save you from missing out on important information. 

    Tap Into the Freelancing Platform

    Considering high-value freelancing platforms like Upwork, Toptal, and PeoplePerHour will enhance your chances of getting consistent clients. Some of these platforms allow you to create an agency profile and help you get massive projects. Many people claim that these platforms are beginner-level, but there are many small to medium-sized businesses that derive their clients from these platforms.

    There are bidding options on these platforms, and you may need to hire a bidder for regular bidding to get you regular and consistent clients. If you provide quality work, the client will come to you again for future work and may offer you long-time partnerships or projects. The more your bid improves in terms of frequency and quality, the more your chances of getting the contract improve. 

    Cold Emailing is Still a Thing

    A plethora of businesses consider cold-emailing as dead nowadays. But is cold-emailing really ineffective? According to the experience of many businesses, cold emailing is still rendered as an effective strategy not only to bring more sales to the table but also to build credibility among your audience through email marketing.

    Cold email, however, requires extreme personalization to derive targeted results. The open rate of copy-and-paste cold emails is just as good as dead. Many businesses use the ineffective strategy of sending tons of generic emails to their potential clients and end up in their block list. To avoid this, make sure you customise each email in accordance with your client and spend a considerable amount of time formulating a perfect email pitch if you really want your cold-emailing to work. 

    Go With Cold Calling

    Cold Calling is also an effective tool when it comes to bringing in more clients and contracts for your business. For some businesses, it serves as a means to convert their leads into sales, while for others, it serves as a lead generation strategy. 

    Just like cold-emailing, smartly crafted customised cold-call pitch works wonders in getting new contracts. If you are selling a service or something on a larger scale, you might want to use cold-call as an invitation to a face-to-face meeting with the client. By booking a meeting, you have halfway convinced the client of the contract, and you can win it completely by pitching them a perfectly customised presentation. 

    Target a Particular Niche

    Every business wants to work only with the experts in its niche. If you are looking forward to blooming in a particular niche, you will need to prove your expertise in that niche. For this purpose, you should start by doing thorough market research, find the gap in the niche and offer a product or service that fills that gap. Now, if you pitch it to the businesses in your niche, you are more likely to get orders than ever. 

    For instance, You are an IT service provider, do not just go and sell your software to every other business in the market. Go with a particular niche, say real estate, and find out what the real estate owners struggle with when it comes to digitally managing real estate property. Offer software that makes property management easy even from remote places and pitches this to the real estate business owners around you. You will be startled by the sales you’ll bring to the table using this approach. 

    Subscribe to Business Directories

    Sometimes the only thing you need to book a contract with a business is finding the right business. Manually researching for businesses that might have interest in your services or sales may take you hours to days for the generation of each lead.

    There are many business directories that are available in the market targeting all businesses in a particular niche or area. They are highly specific and provide reliable information and relevant email addresses that you might want to target. These highly organised directories often come with subscription charges, and they cost you no more than a few hundred dollars but can potentially help you finalise contracts worth millions of dollars.

    Don’t Underestimate Networking

    If you are planning to land the sharks in the market, you should know that they are usually not available on any social platform and are extremely tough to access. The well-known business tycoons, however, do attend valuable seminars and networking events. 

    You can start building connections by attending seminars and marketing events around your area. One connection will eventually lead you to another, and you may end up locking in a high-value contract with one of your dream companies. Type ‘marketing event’ and add your location afterward and press search. You will get a list of events that are going to be held near you. Register yourself for any of these events in accordance with your availability. Approach the people you know and want to connect with, and have a chat talk about your business goals. 

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