💡Cost leaders and brand builders are successful business models.
🧠Customers are the key to success; investors care about your customer acquisition strategy.
🌍Identify an opportunity to solve a problem or meet a need.
💰Understand the value of your customers and the cost of acquiring them.
🔑Position yourself as both important and unique to stand out in the market.
How important are customers to the success of a business?
—Customers are essential to the success of a business. Without customers, there is no revenue.
How can I find customers for my business?
—Finding customers involves market research, identifying target audiences, and executing targeted marketing and sales strategies.
What is the value of understanding customer lifetime value?
—Understanding customer lifetime value helps determine how much you can spend on customer acquisition and assess the profitability of your business.
How can I differentiate my business from competitors?
—Differentiation can be achieved by offering unique products or services, excellent customer service, or a distinctive brand image.
What factors should I consider when pricing my products or services?
—Consider the value your offering provides to customers, market demand, competition, and your costs when setting prices.
00:00The success of your business depends on finding customers and knowing what you're really selling.
07:20Investors care about your customer acquisition strategy and the value you provide.
12:12Position yourself as both important and unique to stand out in the market.
