Remove Cost Remove Customer Remove Dividend Remove Product
article thumbnail

8 Priorities When Offering A New Product Or Service

Startup Professionals Musings

Every one of you business owners I know periodically introduces new products and services to sustain growth, fight off competitors, or take advantage of new technologies. Customers won’t buy what they can’t find or don’t understand. Customers need supporting approvals to fully benefit.

Product 354
article thumbnail

6 Keys to Attracting Customers Based On Social Needs

Startup Professionals Musings

Yet, these days, I am seeing overwhelming evidence that customer buying decisions, especially with consumers, are often based on emotional and psychological factors , including passions from others, your experience, and social relationships. All of these tend to override cost and usability.

Customer 432
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Rosh Hashanah Resolutions for Startup Founders

VC Cafe

The press took notice, especially since just a few months later startups were laying off employees en-masse to cut costs. Sustainable growth: Prioritise sales efficiency over growth at all costs. Before product-market fit… just care about speed of iteration according to your customer feedback. Team, product, market.

Founder 187
article thumbnail

8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Most of the guidance you see for entrepreneurs is aimed at those who are selling a product (Apple, Tesla, Xiaomi), or selling a service (Uber, Airbnb, Snapchat). The “product” value is difficult to quantify, the costs are nebulous, and entrepreneurs have to clone themselves to scale the business.

article thumbnail

Demand Validation: How to Find Out If Customers Want to Buy Your Product

Up and Running

Before you start your business, it’s essential that you make sure that customers are interested in buying your product. In this article, I’ll show you how you can make sure your customers are interested in your product before you spend any time building your business. Needless to say, we struggled to get customers.

Demand 60
article thumbnail

Simple And Effective Ways To Promote Your Business

YoungUpstarts

Whether you’re a startup looking at taking those first steps into the business world or an established company wanting to expand your customer base, marketing your business is an important step in getting your brand in front of the right people. Get social with customers and clients. Then we come to good old-fashioned networking.

Database 164
article thumbnail

6 Examples Of AI In Finance For 2021

The Startup Magazine

The variety ranges from customer service chatbots to tasks automating your work or detecting fraud for the company. So if there is one technology consistent in meeting the dividend demands, it is artificial intelligence. AI is giving the world of finance and banking an efficient way of meeting the needs of their clients and customers.