Revenue is the objective of every for-profit business. This is true for offline as well as online businesses. Sometimes, while keeping an eye on money, we lose sight of growth. Strangely, this happens a lot to web design and development companies. The bad news is for such firms.
Varun Sharma, Growth Manager at UpReports, thinks that young web design and development firms milking bidding platforms like Freelancer, Upwork, and Guru will end up in a difficult spot in less than a decade.
His assertions rest on the pillars of:
- Client acquisition
- Price war
He shared his thoughts on his official LinkedIn profile, and here’s the link for those who are curious to know why companies with hundreds of successful projects on Upwork like sites will fail eventually.
The GOOD NEWS is that Team Upreports will soon share a detailed growth post sharing client acquisition strategies and growth hacks for web design- development agencies that want to acquire big projects and clients. We are starting the work soon and the post will be ready within a week or two!