How Knowing Your Customer is the Key to Successful Business

How Knowing Your Customer is the Key to Successful Business

Well, understanding your customers is the best way to grow your business successfully. When you understand your customer’s needs then it will help you to improve the products and services of your business. Sam Mizrahi is an entrepreneur and real estate developer who is the man behind the development of The One, Toronto’s first supertall skyscraper. During his career, he has learned certain strategies, including time-management, to gain success in the amount of a Sam Mizrahi Net worth of $200 million.

Here is how knowing your customer is the key to a successful business.

Track Customers’ Real-Time Behavior:

“Happiness does not come from doing easy work but from the afterglow of satisfaction that comes after the achievement of a difficult task that demanded our best,” said Theodore Isaac Rubin, an American psychiatrist and author. Rubin is a past president of the American Institute for Psychoanalysis and the Karen Horney Institute for Psychoanalysis.

The most important demand that every customer does is that they want a better customer experience in both traditional and digital businesses. Well, to conquer this demand a business needs to be proactive and prompt in its approach. It should identify the needs of its customers for how it should serve them before the actual requirement is placed.

To succeed in this aim, you need to find the right tool that can provide you with the real-time behavior of your customers. CRM (customer relationship management tool) is the most suggested tool by the experts that can offer you deep knowledge about your customer’s activity.

Identify the different categories of your customers:

You need to find out different parameters that can help you to categories your customers. To make this happen, try to separate your customers according to their buying the type of products and services, their frequency of purchase, and the geographic location of your customers.

Once you have segregated your customers according to their purchases and locations then you will be able to frame precise marketing and cross-selling by targeting the customers through their categories.

Invest in social media customer engagement:

A report says that most people are active on social media for not less than 6 hours daily. This means that social media plays a crucial and indispensable role in influencing and shaping customers’ opinions.

So, it is important that every business should focus on investing in social media platforms to increase engagement. So, try to create strategies to attract your targeted audience through different social media platforms to grow your engagement.

Leverage customer service interactions:

One of the best ways to find out what your customers demand from your business, ask them for feedback, and also you can provide some questionnaires to your customer service representatives so that every time when a customer contact your service representatives then they can ask some questions about likes and dislike of your products and services.

Some questions you can ask your customers:

– Are they satisfied by the product and service?

– How are they using the product and service? – What changes do they want to see in the product and service in the future?

What it means to be a Strong Team Leader

What it means to be a Strong Team Leader

Being a leader is not an easy task, you need to invest your time, money, and resources in nurturing the role if you want to succeed as a leader. The main role of a leader is to manage and organize their business in such a way that they can able to work according to their business budget and achieve greater profits without getting any financial loss. You need to develop some essential skills to improve your leadership qualities. Reginald Bellerose is an ambitious and forward-thinking leader who believes that the First Nations economy can use its competitive advantages of rights, lands, and jurisdiction to secure access to new markets, both nationally and internationally. As an advisor to Above Food, Reginald Bellerose will help facilitate the development and implementation of a First Nations food brand, creating significant economic opportunities for First Nations.

Here are some ways to become a strong team leader:

Identify your strengths:

One of the best qualities of a successful team leader is self-awareness. A good leader is well aware of their own strengths and weaknesses. They use their positive strengths to bring out the best in themselves and others. Try to write down all your skills and positive strengths on a piece of paper and focus on improving your existing strengths to achieve better work performance. Do not try to compare yourself with others but you can ask for advice from those who inspire you.

Develop existing skills:

Before you try to learn new skills to develop your leadership role, it’s important to improve your existing skills first. Practice and exercise for improving what you are already good at, this will help you to achieve your full potential. Once you become an expert in your skills, it will open various gates of opportunities for achieving your future goals.

Find a mentor:

“A leader is one who knows the way, goes the way, and shows the way,” said John C. Maxwell, leadership expert, speaker, author, and founder of INJOY, Maximum Impact, The John Maxwell Team, ISS and EQUIP. EQUIP is an international leadership development organization working to help leaders, involved with leaders from more than 80 nations.

Many leaders think that they know everything thing and do not need the help of others. But do not believe in this, taking help from others is not a weakness, it offers you a much better perspective towards your goal. Also, remember that you can’t have the knowledge of everything, it is impossible to achieve such greatness. If you face any difficulties or challenges in your work then try to take help from a good mentor or any senior manager who has expertise in your industry. They can use their year-long experience to provide better guidance to handle hectic situations easily.

Network:

Networking is very crucial to achieving better growth. But to create a strong network with other successful people you need to provide effective communication that can help you to form strong relationships with others. Your strong network will offer your various opportunities for your career advancement and achieving success as a leader.

How to Pick a Legit Trading Mentor: The Key to Success

How to Pick a Legit Trading Mentor: The Key to Success

“Colleagues are a wonderful thing – but mentors, that’s where the real work gets done,” said Junot Diaz, a Dominican-American writer, creative writing professor at the Massachusetts Institute of Technology, and was fiction editor at Boston Review, an American quarterly political and literary magazine.

Finding the right trading mentor is necessary for getting success in your trading career. But most people underestimate the value of a mentor and how they can help you in getting effective results. The right mentor will guide you about valuable insights into the market that only an experienced person can provide you. They will provide you with the right career path that can help you in achieving your trading goals. Certus Trading reviews is a small trading education company with a big mission to help new traders get success in their trading career without worrying about any unnecessary risks. Certus Trading was founded by Matt Choi as a startup company but now it is one of the well-known trading companies.

Here are some ways how to pick a legit trading mentor:

Mentors can reduce failures:

You have only two paths that can help you get success in your trading career. One is to make mistakes and learn from them and the other one is to learn from others’ mistakes. Having a right mentor can help in reducing the risk of failure in your trading career. Mentor has great experience in failure and success that you are going to face now, so they can guide you on the right to achieve your trading goals. If you try to tackle all the challenges on your own then it will become more difficult and you will have to encounter more problems.

Choose a brutally honest mentor:

A good trading mentor will track all your trading performance and will provide you brutally honest feedback about which part of the area you need more improvement. They will not tell you what you want to hear, instead, they will tell you what you need to hear. No matter how brutal their honesty but you will have the satisfaction that someone is trying to offer you improvement. Mentors will encourage their mentees to work hard to get effective and efficient results.

Mentors build confidence:

Starting a new career will give lots of uncertainties in your career path. This happens to everyone. Most people have the ability to overcome such uncertainty on their own but others require support from their mentor or an experienced senior. Mentors will focus on building your confidence so that you can able to take right decisions even in a critical situation.

The mentor’s experience is your education:

Well, a mentor has achieved years of experience in your related industry and they can use their experience to guide you on the right path for your trading success. Mentors value learning and they will encourage you to practice regular learning, this will help you to understand every aspect of the market and the latest trends.

Best ways to learn to Trade in Bitcoin

Best ways to learn to trade in bitcoin

Bitcoin is the most popular cryptocurrency for trading. The first time Bitcoin got its growth was in 2009 but still, it is the most common trading digital asset.

Well, crypto trading is a decentralized market that is highly speculative. Whereas other trading currencies on the foreign exchange market that is completely controlled by a centralized government and may be influenced by global or economic events.

But bitcoin and other cryptocurrencies depend upon demand and supply and it is not controlled by the government.

So, here are some best ways to learn to trade in bitcoin:

Start out small:

The first thing to keep in mind while trading in bitcoin is to start with a small investment. Well, the reputation of bitcoin is great as it offers huge profit in a shorter period of time but there is a huge risk involved with trading in bitcoin. Investing a small amount will reduce the risk and help you to understand the value of the trading market.

Choose a secure wallet:

Well, digital wallets are used to hold your digital asset but try to find a wallet that can provide you better security and accessibility for your Bitcoin.

If you are new to trading then make sure to choose a trusted broker like Coinbase, they also provide you with a secured wallet.

But if you want to choose any other wallet of your choice then there are two types of digital wallets.

  • Hot wallets: they are connected to the internet so there can be a chance of hacking.
  • Cold wallet: In this wallet, your digital assets are stored offline and it is more secured.

Research the market:

If you are passionate to become a successful Bitcoin trader then you need to have proper research work to understand every aspect of the trading market. All because crypto trading is very different from normal trading and the rules of financial markets do not apply to bitcoin. Even though trading in bitcoin can offer you a great profit in less time but the value of bitcoin is very unpredictable, so having deep knowledge of crypto trading is necessary to become successful.

Decide on trading strategy:

“If the cryptocurrency market overall or a digital asset is solving a problem, it’s going to drive some value,” said Brad Garlinghouse, CEO of financial technology company Ripple Labs, an American technology company which develops the Ripple payment protocol and exchange network. Brad previously was the CEO and chairman of Hightail. 

Well, you need to find out what type of trader you want to become before you open a position. To get profit in your trading, you need to invest a go0od amount of time in understanding the trading activity and market analysis.

The CoinTickr real-time physical crypto ticker makes keeping track of those ever-fluctuating cryptocurrency prices a piece of cake. Each Cryptocurrency Ticker is designed to be a dedicated device for single crypto. However, with magnets on both sides, users can go further and create a combination of several CoinTickrs to display prices for multiple cryptocurrencies simultaneously.

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