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We get into business for two things: the other one is to
make money. The other one well, it’s up to the business owner. Others want to
change the world and for others it may have been a childhood dream. Some may
even have landed on a great business opportunity purely by accident. You have
heard the stories alright. Today we are going to concentrate on the other
reason, profitability: making money. We are going to explore how to get customers
the ninja way. Please don’t sweat; there are no physical swords or fighting
techniques required. However, what we are going to do is look at how we can
make bank and get people to recognize our hard work that we call our “product”.
Lesson 1: Have a great product
Above all else, product quality should be top notch. Invest
as much resources as you can into having a great product. What’s a great
product? It’s usually the kind that’s just hard to ignore even if you hate its
manufacturer. Feelings aside. Ensure that your team continuously improves your
product/ service offering whilst listening to customer feedback. Accept all
feedback and constructively use it to your advantage. Remember “customer is king”.
Lesson 2: Tryouts/ Beta Testers/ Focus groups
Before rolling out your product to the world, open it up to
a few people and gather their sentiments. These people should not be part of
the team that developed the product. Get regular people to test out your
product (only after government approval hey if it’s edible or something that
could potentially endanger lives) and let them tell you what they think. Ask
them what they would love to see added to the product or what doesn’t go well
with them when using the product. Do that my friend and you are a little bit
closer to getting customers.
Lesson 3: Pricing
This is important. We want to have a lot of customers and
make money whilst doing it. Our pricing strategies should reflect that. There
is a possibility that our product is meant for a particular niche of people
that we will charge a price they can afford. It’s also possible that our product
caters for all segments at different pricing tiers for different product functionalities
or versions. Nevertheless, the point is: be flexible in your pricing. The goal
here is to get the product into the hands of many customers as possible.
Instead of asking for the full price upfront to all customers, offer a facility
to pay a certain amount then pay the rest later. To encourage people to pay in
full upfront or take more of the product, you can then introduce incentives
such as discounts or free delivery.
Lesson 4: Social Media
This makes the right noise, trust me. Social media is a
superb way to get noticed and generate off the roof sales. Nowadays people
communicate and engage businesses on social media. Invest in a good social
media presence and frequently interact with potential customers on social media
platforms. Facebook, Instagram, YouTube and Twitter are a great place to start
your product marketing efforts.
Lesson 5: Have a Website
A website is essential for your business in this digital
economy. After all the hype on social media one would want to visit the company
website, read more about the product and even read the FAQs before deciding to
purchase. Have a responsive website that caters for all website visitors
whether they are viewing from a cellphone, tablet, desktop computer or laptop.
Also ensure that online ordering functionality is present on your site to
capture the online sales channel.
Lesson 6: Product accessibility
The customer should not struggle to get the product in their
hands. Ensure you have the appropriate mechanisms and interventions to ensure
the product lands at the customer’s doorstep as smooth as possible and in
record time. Partner up with a delivery service or setup up your own delivery
service within your company. Another important point to note is that the
location of your product stores should be near the customer either a walking
distance in the neighborhood or within town. The customer experience should not
be ruined by having an inaccessible channel.
Lesson 7: Traditional Advertising
Last but not least, let’s not forget the time proven
technique of traditional advertising. Traditional advertising includes print
media (newspapers, magazines, flyers), radio and televisions. People still
watch TV and some people still listen to the radio. Ensure that you got all
your bases covered by making sure that this demographic of people used to
traditional advertising get to know about your product.
Okay we have reached the end of your training. As your
customer acquisition sensei allow me to bow and say “You have graduated with a
black, no green , no yellow (which one is it?) okay a black belt. Now go forth and make bank my ninjas!”
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