Three Rules for Business Success

[Mika]

Product Quality

You can sell source products (you procure from suppliers and resell the products) or manufacture your own product (handmade products or machine manufactured products). No matter what kind of products you are selling, people care about the quality.

Originality

If you want to run a sustainable business, you need to strive for originality. Do not copy any business model, do not copy products. You can take a cue from successful businesses, you can get inspired, but don’t blatantly copy.

Marketing

Do you know what the sure-shot way to succeed in your business is? Well, you need to understand the general rule of the thumb, i.e. a successful business means 25 percent product and 75 percent marketing. The more content you create with your products, the more products you will be selling. Creating content with your product means you are creating ads, blog posts, videos, video ads, etc for your product. Marketing involves a lot of things from branding to advertising.

 

[Shaf]

One of my favorite books is about business success by Brian Tracy, and I can definitely remember him emphasising about marketing as a crucial factor to ensure the success of any business.

This is also one thing that most business owners either struggle with, or neglect entirely. If people don't know about whatever you have to offer, no one will buy it.
Marketing can be done easier and cheaper online if one can learn how to do it, even for offline businesses.

Another thing that can help a business is studying the competition. This way, you can ahead of trends and know where the pain points of your customers are and how you can tackle them without being left behind.

In a way, it's easier than carrying out active research and experimenting. You can also know when to cut your loses and when to try to outsmart others.

 

[Flow-er]

The information that you shared are indeed the factors needed to make a business successful and it is exactly what is really needed because if your product is of high quality and you are delivering a quality services to the client, you don't need to bother yourself much, your product will make a huge amount of profit on the for you, either it is offline or online business.

The best bet is to give quality services or produce a quality goods that customers could enjoy so that they will keep coming back to your services or keep coming back to buy your goods. It is number one thing that should be considered because it is very important that we should take note of this.

Marketing is also important in this regard because marketing is the blood that runs in the veins of business. You will need to carry out a robust marketing if you want to increase your sales or you want to have a high turnover rate. So many people do not want to spend money on marketing but it is worth spending money on, because you will make huge amount of profit from this and it will cover the amount of expenses have you have been cured in the process.

 

[Jasmine]

Actually, originality does not matter. Coca Cola was created in 1886 and Pepsi was launched 7 years later. The concept is the same, but today both products are equally popular. The existence of Coca Cola and Pepsi did not deter Claud A. Hatcher to create RC Cola in 1905. You can copy the existing products and still become very popular. Product quality matters but not much. Pepsi and Coke are nothing but sugar water, they don't have nutritional value, they only give you extra calories but they sell more than the fruit juices. What ultimately matters is marketing, sales depend on how you are marketing your products. You can do two types of marketing, one, to focus selling more units, and two, to focus selling fewer units for premium price. Business is all about how you market your product. Marketing is not only about money, it is also about using the right kind of content.

 

[uptrendfinancialsignal]

It is true that the points are very important and I will call it the golden rules to be successful as a business man, because if you do not take any of this point very seriously, it may jeopardize the future of your business. You must be able to offer quality goods and services to your clients.
This is one of the most important way to market your goods and services. if you are offering less to your clients,then you will probably lose them. That is why it is of utmost importance to ensure that your goods are of standard and of high-quality and it must also add value.

Marketing is equally important because if you do not market your goods and services, how do you expect your prospective customer to know that such goods exist . There is no amount of money you spend on marketing that is too much on a business because you will make 10 times the amount that you spend to do advertisement of the goods. Initially, it may look very hard but on the long run, you will be able to make your money back in folds. You should also have a very good customer relationship.