Wednesday Wisdom: 4 Things Entrepreneurs Must Know About Customers

Stay tuned to get every day updates in 60 seconds
Wednesday Wisdom: 4 Things Entrepreneurs Must Know About Customers
Image credit: Entrepreneur India
Features Writer
1 min read
Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

The famous German saying Der Kunde ist Konig which means the customer is always right has ruled the business world since times immemorial. Here are 4 things you must know as an entrepreneur about what customers are looking for:

The Millennials Way of thinking

As an entrepreneur, you must know who your customers are. Millennials, nowadays are different and always on the lookout for high quality lifestyle.

Trust

Once you have a customer, what will you do to make them stay? This is a question entrepreneurs must have ask themselves and strategize accordingly.

Customer Purchase

Customer purchase is based on reputation. Focus on a building a brand or product that has a sound reputation in the market.

Technology to the Rescue

Technology can help you to track customer behavior, purchasing trends, logistics etc. that can enhance the overall experience of the consumer and make it a satisfactory one.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur