Start by creating an experience with your brand, aligning values and values exchange with your consumer. As you create this bond between you and your consumer, you will develop a bond between them as well. The more that you can do that and the more consistent you are in making sure your consumers are getting what they want from your brand results in brand loyalty, which leads to brand advocacy. Brand advocacy translates into customers trusting your brand and telling others how good it is so when someone else puts out a product or service that is not as good as yours, the person who has been loyal to the brand will say something about it.
Read more ...Understanding the consumer buying decision process means that businesses understand the stages customers go through to be able to come to a final decision whether to buy a product or not. This means that businesses should focus on creating products and services that meet the specific needs of each stage of the buying process, as any one stage can affect how likely a customer will remain/return as a customer. Customer Psychology is the study of how people make decisions, the reasons they buy and why they buy what they do. By understanding the psychology behind your customer, you can help your business develop more effective sales strategies and marketing campaigns, as well as build a deeper understanding of their journey within your business.
Read more ...What’s the secret to success? It’s not having enough staff or funding to create a major marketing initiative. In fact, the most effective companies engage in several small-scale marketing efforts over time to build their brand awareness, generate leads and drive increased sales. So stop hording all your money for extravagant marketing campaigns and use it wisely. Find the experts that help you get there faster – and cheaper!
Read more ...Uber and Netflix are both successful new market entrants in their respective industry space.
Read more ...In today's business environment, it's easy to overspend. Here are 10 reasons why companies do overspend and how you can avoid them.
Read more ...The procurement department is where it all happens.
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