The Three Most Important Rules of Business

2. Make sure they leave happy, and can't wait to return and bring friends. Your goal should be to turn satisfied customers into loyal customers. You can be happy with satisfied customers, but don't be surprised if they also spend their hard-earned dollars with your competitors, especially when price is involved. Loyal customers, on the other hand, are far more focused on quality and service when deciding where to buy. Loyal customers will literally jumpstart your grassroots campaign by becoming mavens for your business and telling everyone they know of the pleasurable experience of doing business with your company. Essentially loyal customers become a major part of your marketing and sales team and the best part about it is you don't have to pay them, you just have to create them.

Number three is the most important rule in any business.

3. Know what business you're in. It doesn't matter what business you're in– auto, apparel, banking, restaurant, real estate, and the whole gamut of the business world– you better know what business you're in. You may be surprised, but it's rarely what you think it is. If you are in the restaurant business, and someone asks you what business you're in, you're automatic response would be, "I'm in the food business." The real answer to that question from a savvy restaurateur would be, "I'm in marketing" If you answer you're in the food business, there's a good chance you have a lot of empty seats and a better chance you won't be in any business long. But if you're in the marketing business, there's probably people waiting to get a seat at your restaurant.

Everyone in business should be in the business of marketing. Once you know the three most important rules of any business the next step is to implement them. It's one thing to know what you need to do, it's another to actually do it, and that alone can put you ahead of the competition.

First, it's important you know the difference between marketing and paid advertising. A quick and simple definition of marketing is anything and everything, nothing too small and nothing too big, that you do to bring customers in the door. These are everyday, common things that you're probably already doing, but now you're going to look at these daily tasks in a whole new light.

In today's fast-paced world it's an ongoing education that every business owner should be enrolled in. New tricks of the trade pop up every day; the difference between a marketer and those who choose to do the same thing every day is the marketer is a risk taker who believes in being innovation and testing new strategies, at the risk of making a mistake. Mistakes are considered necessary steps to success, and truly successful entrepreneurs learn from their mistakes. If you're not learning something every day, you're simply not paying attention.

A good marketing strategy encompasses a wide variety of daily exercises. Some are paid for, some simply involve the investment of time and some forms of marketing cost nothing. A good example is grassroots marketing. These community driven, word-of-mouth testimonials have proven since the beginning of time to be the most valuable form of publicity and marketing. They have great capacity to jumpstart a worthwhile product, topic or cause.

A good mention of your business from satisfied customers goes a long way toward sending you new customers. When you take a step further and convert your satisfied customers into loyal customers, it's a guaranteed home run for your business.

About the Author: Denny Durbin is an entrepreneur and author of "Lazy Enchiladas, Redefining Success," which explains firsthand the values of taking risks, assessing success and adding creativity to a career. Readers are rewarded with a new definition of success that incorporates entrepreneurial values. Denny has created, built and owned more than a dozen diversified and lucrative business. He has more than 30 years of networking experience. .


No comments yet.

Leave a Reply

Website by