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Thursday, January 26, 2023 -To launch a profitable business, it requires that you come up with a viable idea, test it for some time before fully pouring all your capital into it.
Sadly, just like everybody else, you may want to prove to the world that you are financially muscled by getting a huge loan to pump into the business. This is not a good route when it comes to new businesses.
Alexandra York notes that it’s important to prove your concept before pouring too much money into it and that is why their was coined a business mantra, “Serve before you sell.”
So many business enthusiasts approach business by launching a product with hopes of building a quick community around it. Sadly, that rarely works. Instead, you need to provide a ton of value for people, get people to trust your idea, and then sell them when they’re already on board.
Creating a selling brand online or through social media is a low-cost route to building that crucial business community.
Nonetheless, it takes a long time to generate a following. Building a trusted brand cannot be a one-day affair. It requires both time, strategy and patience. But once you overcome this stage, it starts to pay off well. So it is worth it anyway.