Whether your business is big or small, here are 7 ways you can start growing your business.
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In 1943, Abraham Maslow compiled a paper entitled “A Theory of Human Motivation”. In it, Maslow spoke of not only physiological needs, those that humans require for survival, but also of how once those needs are met, a second set of needs or strong desires come into play that causes us to want to better ourselves.
When it comes to motivating your customers to purchase your services or products, taking a good look at Maslow’s five primary human needs can help you find ways to accomplish this. Once our basic needs are met, we look toward our safety and security needs which include financial and personal security, health and well-being and providing a safety net against illness and accidents.
For those of us with our own businesses, how can what we provide, help our customers satisfy these needs? If they are motivated to buy based on the hierarchy and you are able to prove to your customers that your product will increase their safety or help them to become healthier, this is exactly what Maslow meant when he stated that humans are focusing on these needs. The most successful business owners know that if their customers are need driven by safety, security and to some extent, social connections with others, and they are able to provide a great product or service to satisfy these needs, their sales will increase.
Maslow realized that when we satisfy one need, we move on to others. While the basic needs have to be satisfied after a certain period of time, our other needs or desires are always within our grasp depending on our life circumstances, e.g. job loss, our location, etc. He called this self-actualization and noted that only one in a hundred people reach this state because of the way our society rewards certain people for things such as love, recognition, fame and other social needs.
Seventy years later, the original principles of Maslow’s paper can still be applied to marketing. Figure out where your products fit the need of your customers and update them so they are still relevant to the present market. Remember, your customers want to fit in and belong, this is a natural human desire. They have a need for stability and respect and this includes self-respect. You, as a business owner can provide this as well as the tools needed for anything they feel is missing from their lives.
© Chris Draper, DemGen Inc. 2015
Influence is the ability to have an effect or impact on someone’s character, behaviour, actions or options. It can be based on many things, including position and ability though wealth and class can also be part of it.
As a small business owner your ability and knowledge of your products and services can influence your customers, preferably in a good way, by leading through example, providing information and focusing on their needs.
Your influence communicates itself to your customers through your ideas and their ability to trust you. You are able to have a conversation with them and understand their interests and how they would like to see your products evolve. Influence also means being able to persuade people to buy by showing them how what you are selling is something they need and is of far superior quality to anything similar that may be on the market.
You are able to make people like you; through your confidence in yourself, your ability to admit when you’re wrong and your availability to your customers. Leadership comes easily to you and you’re able to focus entirely on a customer’s problem, conversation and communication. Decision making isn’t difficult and neither is supporting your employees, community and others. You influence your customers by knowing the difference between assertiveness and aggression, are knowledgeable enough to be humble about your achievements and honest as to how your attained your success.
Customers are influenced by a business owner who can identify with them and isn’t pushy. Quality is always more important than quantity and knowing when to step back and away from a request is as important as knowing when to move forward. Following through on promises and showing that you mean what you say creates an atmosphere of trust and believability with your customers and enhances your reputation.
Influence and leadership are all part of becoming a successful business owner. You can’t have one without the other. Influential does not mean unreachable, it means that you can, through your position, create a great experience for those who purchase from you.
© Chris Draper, DemGen Inc. 2015
image courtesy of sajigroup