Here is a harsh truth that you may not know yet as a business owner- “ideas are cheap”. There is no dearth of budding entrepreneurs who come up with some really good ideas for their startups. However, when it comes to launching the business and pushing its growth, they fail to achieve their … [Read more...]
Business Best Practices
How you should run your business to get the most out of each interaction with customers and drive your business forward.
Machine learning is shaping the e-learning space today. Before we get started, let's understand: what exactly is machine learning? Is it similar to AI? It’s a subset of AI and the two are closely related but each of them performs a different task. Machine Learning builds algorithms and … [Read more...]
Paying attention to your customers’ buying habits can pay off. Using customer analytics to track buyer behavior can boost your sales, customer satisfaction and customer retention by as much as 25 percent, Quantzig data shows. Studying your customers’ purchasing patterns is so effective because it … [Read more...]
Vilfredo Federico Damaso Pareto coined the idea that 80 percent of results come from 20 percent of the action. The Pareto principle may date back to the 1800s, but it's still relevant for the consumer marketplace today. Take a look at your most loyal customers. Forbes reports that most businesses … [Read more...]
Have you ever been treated to an unexpected gift from a company? It may have been money off your next purchase or a complimentary upgrade. Whatever the case, think about how that made you feel. Pretty happy right? A simple gesture can go a long way when it comes to keeping your customers loyal. … [Read more...]