The preferred businesses
It goes without saying that people have certain people they prefer to do business with. People do not just do business with anyone at anytime. They have their people whom they prefer to do business with. You yourself just don’t buy anywhere. You have your places where you love to buy. That’s the case for everyone.
That is not at all wrong. It’s a tough world out there. Businesses that are always preferred have mastered something. There is something they know and you don’t know. There are things they are doing and you are not doing. So what are these things that other businesses are doing and you are not doing and what are these things they know and you don’t know? Let’s find out.
In this blog post, we will look at the 3 powerful rules that preferred businesses stand by. Why are other businesses preferred more than others? Why are certain entrepreneurs preferred more than others? All these preferred businesses abide on the following powerful elements:
- Element 1: People do business with the people they know
People normally do business with people they know. People don’t just do business with whoever, no, but they do business with people they already know. So as a business person, it is very important that your business is known. Get your business out there and enjoy the benefits that preferred businesses enjoy.
Just look at ShopRite or Edgars. People already know that this brands exists. So there is no risk to going to shop at Edgars or ShopRite. People already know the fact that ShopRite exists. So they will keep on going there for whatever they want.
In a nutshell, people must actually know you before they can do business with you. This protects the people against all sorts of scams and fake stuff existing in the world today. You can’t blame them. Why are some people preferred more than the others?
- Element 2: People do business with people they like
Right after the knowledge is the liking. People enjoy doing business with people they like. Does that mean you have to be liked to succeed in business? Yes, part of your success in business depends on being liked by people. Would you date a person you don’t like? Not a chance. So even with clients, customers or consumers, they do business with people they like. Why? Because it is more convenient for them to do so and because they can.
Just look at Apple, it is not a secret that many people love Apple. By the way, people don’t just wake up and like you or your business. This liking is well cultivated over the years through consistent products and services. If people don’t like you, you will never succeed in business because at the end of the day, business is for the people and not for you. You cannot build a business for yourself. Why are other businesses preferred over the others?
- Element 3: People do business with people they trust
Trust is the key commodity in business. You have to be trusted in order to make it in business. People normally do business with businesses and companies they like and trust. Even you as a person, you can’t be in a relationship with someone you do not trust. Trust is very important I tell you.
This is the reason as to why as an entrepreneur, you need to cultivate trust amongst the people. Business is not a miracles business. It is an art. It’s a science. So people must trust you. Once people can trust that you are who you say you are, the rest is history. People hate doing business with people they do not trust. Just make sure that you are reliable and trustworthy. Be a man and woman of integrity and people will trust you. By the way, trust is earned my friend.
Conclusion
So basically in a nutshell, people do business with whom they like, trust and know. Make sure that your business does not violate this powerful commandments. People need to know you before they can do business with you. People need to like and trust you before they can do business with you. That’s how it is. That’s the order and the system.
Business is a doable thing. You just have to know what you are doing. Make sure that you meet the above requirements and business success will surely follow you. Business is an art, so understand all the components that makes an art beautiful and you will make it.
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