I am sharing them with you because I have experienced it's benefits too:
With this, they revolutionised their industry and business like no one else.
We are talking about Airbnb.
Heard of them, right?
So basically how did they do it and what can we learn from them?
- Quick to realise there is a wide market.
- Getting host to list their properties.
- Continuously creating new products, expanding to new markets to drive the growth of their business.
- More affordable than other hotels.
- They offer the opportunity to experience any destination as a local would.
- They don't provide house, they provide homes.
"Don’t go there, live there” campaign resonated a lot with the public.
- Airbnb plus for Millenials who have reservations about the quality of properties.
- Putting customer needs before anyone else.
Key Takeaway - Build a solid base of the customer, build a reputation and then expand your offering.
Your thoughts?
Asked by Edumilestones | 6th of January 2021
career counsellor voiceofvipin
Basically or on the general ground, we should have need to know few for the growth strategies behind any company Hundred billion dollar business valuation.
- Created a unique product that they feel we all have need in the sense of very long run, can create a demand in the existing market, people would feel scarcity after benefited once, to get it on affordable cost as per market situation. And need to build a confidence for own product along with execution plan.
- Always try to speculate the correct demand and strategies for the market execution.
- Show the Real value in your offer
- Prepare proper distribution channel
- Need to build a solid team and anagram
- Start to perform in a new market with little competition instead of existing market.
- Time to time optimize your conversions
- Need to build an effective sales funnel
- Keep watch on your expenses like a hawk
- Focus on acquisitions to speed up growth
- Combine tenacity with fearlessness
- Encourage your team to dream as big as you do
- Always keep moving forward in the local world
- Pick the right investors and partners
- Try to find way outside the planned circle
- Do not solely focus on valuation
- Remain persistent among demand, market and people's ideology.
- Continuously increase the power of knowledge
- Consider alternative investment sources
- Ask for help from other investors
- Don’t be afraid to let the wrong people go
- Be realistic—but don’t let it stop you
- Don’t be afraid to venture into uncharted territory
- Hire the right people on job to achieve the desired goal.
- Offered lucrative and legitimate goods or services to people.
- Took involvement and participate in the social activities as much as possible, to study and understand the present market movement and requirements.
Jeeva Sundar, Career Counselor, 8220009899