Ok, so not till few days in the past, Jeff Bezos, founding father of Amazon was the world’s richest till he was changed by Bernard Arnault, the CEO of LVMH, the posh items behemoth. Nevertheless, allow us to take a fast take a look at the primary secret behind all of Jeff Bezos success.
- Was it promoting books?
- His business mannequin has modified.
- Was it Amazon’s web site and emblem?
- This has additionally modified over time.
- Was it the transport?
- Every different competitor can entry the transport corporations.
- Was it the advertising efforts?
- Other corporations have spent hundreds of thousands and haven’t attained this success.
- Why is Amazon thought-about the world’s most progressive firm on the planet?
- They are all the time pushing their boundaries to remain forward of the market.
- Why do they crush each trade they take part in?
- They have set the requirements extremely excessive for many companies.
So, what’s Jeff’s secret?
True buyer obsession!
This is the important thing precept that retains Amazon related, aggressive, and rising.
Without this obsessive focus, all corporations ultimately stagnate and grow to be irrelevant, begin to decline, and finally die.
To reply your query:
- Don’t outline your business by the product you promote or by the way in which you promote it.
- Instead, outline your business by who you serve, not what you do or what you promote.
This has been the key of Jeff Bezos:
Be customer-centric; NOT product-centric.
Every rule of working a profitable business resumes on this obsessive focus in your prospects.