Personalized interactions : Don't just auto-reply; take the time to actually communicate with customers. 4. Lack of financial management plan Starting a business without a solid financial plan is like building a house on sand. This is a mistake many new sellers make, leading to misuse of resources and a quick fall into crisis.
Common problems: Overspending : Investing too much in advertising or inventory without evaluating the effectiveness. No contingency planning : When the market fluctuates or sales drop, you don't have a reserve fund to keep operating. How to avoid? Make a detailed budget plan : Clearly identify each expense and expected revenue.
Track cash flow : Use software or spreadsheets india telegram data to continuously update cash inflows/outflows. Explore funding opportunities : If you need funding, consider financing sources like bank loans, crowdfunding, or finding investors. 5. Lack of after-sales customer care Customers aren’t just one-time buyers; they can become a sustainable source of revenue if nurtured properly.
Many new sellers overlook this element, resulting in lost leads and repeat sales opportunities. How to improve? Build a customer care system : Use chatbots to quickly answer basic questions, but don't forget to interact in real time for complex issues.
A compelling brand story will make customers emotionally
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