A study showed that there are more than 63.3 million MSMEs that are present all around the country. These are the types of industries that are both engaged in the non-agricultural as well as the agricultural sectors of our country. These are giving employment to more than 110 million people today. This industry single-handedly contributes more than 30% of the total GDP and contributes to nearly 49% of the total exports of our country. We all know that this pandemic period has seriously affected the country’s economy as well as this sector. To save and improve it, the government of India has also come up with a large number of relief measures for it such as MSME loans. The full form of MSME is Micro, Small and Medium Enterprises. These are the types of industries that are regarded as the backbone of the economy of a country. We all know that the economy of a country grows as a whole when these types of industries grow on a quite large scale and make a good amount of profits. This will ensure year-round employment to a lot of people and generate income for the state.
Ways in which it would help to get new client’s
It helps the new startups to be updated make them powerful
All the new startups often feel like being backwards in the business and not knowing a way to come out of it. More than half of the small-business owners or shops in the world nowadays generally tend to manage the marketing strategies on their own. They can also take shop loans. They usually manage all the work of the company which is carrying out all the other duties starting from the human resources to sales. Marketing automation helps a businessman to bring some balance in the business.
Msme loan will help them to create a valuable database
When automation is added to a business, it usually gives a lot of information i.e about the working of the business as well as about the customers. The information that is collected during the marketing automation is usually much bigger than contacts as well as all the potential customers that the company will get. It is actually very big data. The knowledge that a person will get from it will often make a businessman or a young entrepreneur so take smarter decisions about the company.
The loan will help to build an industry so as to increase the production as well as the sales
Nurturing the leads that are generated by the automation technology usually requires more than an ongoing touch-base or check-in. It means it will also help a new startup to focus and work on their prospects towards achieving their desired goal as well as the outcome.
Generating nurtured leads show a 20 percent increase in sales in any kind of startup when they are compared to non-nurtured leads. Marketing automation also helps a person so to manage redirects when someone has left an item in an online shopping cart and even send product discounts or other incentives if a customer fails to buy after your first reminder. In simple words, it helps the customers and gives very good customer service. After being registered as an MSME, a company can also get an instant business loan.
It will also help a company to save time and money by doing automation
Nowadays the world is very fast. We often see new kinds of technology taking over every single day. We live in 21 St century where it is almost impossible for a person or a company to reach out to potential business partners as well as the customers manually. Here the marketing automation comes in great aid.
Here all a person has to do is create the list of things that they require as marketing-automation tools in their company. These types of things will also help a company so as to create content and determine its effectiveness for future campaigns as well as endeavours that the company is going to achieve. So here, a company doesn’t have to hire any freelancers or have to work with mail servers.
Conclusion
It is estimated from a study that more than 60% out of the total global banking revenue growth will come from the emerging markets that are present around the world. India has a large number of emerging markets and here the MSME is an under-served segment.