Wednesday Wisdom: 4 Things Entrepreneurs Must Know About CustomersStay tuned to get every day updates in 60 seconds

ByBhavya Kaushal

Opinions expressed by Entrepreneur contributors are their own.

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

Entrepreneur India

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.

Wavy Line
Bhavya Kaushal

Former Features Writer

I am a work-in-progress writer and human being. An English graduate from Delhi University, writing is my passion and currently, I was Entrepreneur India's start-up reporter. I love covering start-ups and weaving their stories into unforgettable tales with the power of ink!

Related Topics

Finance

A Founder-First VC Firm That Likes Bold Ideas

BEENEXT's funding prospects for the coming year are optimistic as it continues to identify promising founders and their ground-breaking startup ideas.

Real Estate

The No. 1 Thing Wealthy People Want in Luxury Real Estate, According to a 'Selling Sunset' Agent

It might come as no surprise that affluent buyers want "to have as much as they can" — but another key factor really sways their decision.

Starting a Business

At 16, She Was a Homeless Single Mom With Serious Talent. Now, Her Business Brings in Millions.

Mimi G. Ford's online venture was earning seven figures within just three years. Today, she's excited to reach even more people.

News and Trends

Farmology Secures Seed Funding By India Accelerator-Backed iAngels

The company plans to utilize the funds to improve the platform, enhance customer experience and build a larger stack of wellness services on the platform

Growing a Business

Why Being Profitable is a Business Strategy in Itself

Profitability is a part of the strategic effort to be a hyper-growth, customer-centric and commercially-minded organization. And yes, it's a strategy.