3 Tips for Entering a New MarketKeeping the following in mind will lend an edge to filling market voids and successfully disrupt established players in almost any entrepreneurial arena.

BySamit Varma

Opinions expressed by Entrepreneur contributors are their own.

When entering a new market, it is vital to make it a strong. Otherwise, your business can fall to the wayside, as other companies do a better job executing on their growth strategies.

In the process of building our brand Pizza Studio – with nearly 30 locations nationwide -- we discovered three components that can help a new entrant successfully fill a market void.

1. Focus on consumer impact

The end user of your product or service is the individual who will ultimately decide your fate and an introduction to a brand is like an introduction to another person: You only get one chance to make a lasting first impression. People form habits based on initial experiences, so be sure your relationship starts off on a positive note. Focus on delivering a high quality, consistent product.

Related:4 Partnership Secrets for Hypergrowth Businesses

We've found that an intense focus on customer satisfaction and guest experience is the key to driving repeat business and loyalty. Customers recognize the value of this and it pays off in the long run.

2.允许定制

Customers perceive customization as value -- and providing consumers with the opportunity for customization can bring growth to any genre when implemented successfully.

In our case, we've built our business model entirely around this consumer craving for personalization. As a result, we've found that interest in our company is largely driven by the quality of customized product that we are able to consistently and quickly deliver to our customers. Businesses in every sector can benefit from taking a closer look at increasing their offerings to meet this new consumer demand for customization.

Related:5 Ways Your Startup Can Continue to Innovate in a Fast-Paced World

3. Streamline for predictability

Consistency is crucial to a successful brand. Consumers are driven to seek out known brands because these brands provide an unvarying and uniform experience. To meet this high level of expectation, day-to-day preparation and operations must be streamlined so that filling customer demand is both fluid and seamless. Yet, with the customization tip from above, it can make predicting customer preferences nearly impossible.

In our business, to ensure predictability, we built an infrastructure so simple, it's foolproof. We built a system in which each of our locations mirrors all others down to the smallest details. Food prep stations are identical at every site, vegetables are cut and measured to the exact same size and width and pizzas are cooked in specialized ovens. This framework creates predictability on both ends: The customer knows what they're getting, and we know how to deliver on what they want.

Consistency of operations is arguably one of the most important considerations for those entering any market. Implementing predictive and control measures allows quality and efficiency to co-exist.

Delivering on these three points of customer satisfaction successfully will aid any young enterprise in penetrating a given market segment. A loyal customer is born and a long-standing business model is the end result.

Related:Stuck? 3 Ways to Push Through to Your Next Decision.

Wavy Line
Samit Varma

CEO of Pizza Studio

Samit Varma,毕业of the US Naval Academy, is the co-founder and CEO ofPizza Studio, a restaurant concepts focused on allowing customers to create their own pizzas. Prior to this endeavor, Varma was a venture capitalist at Los Angeles’s Anthem Ventures.

Editor's Pick

Related Topics

Business Culture

The Newest Workplace Trend Has HR Sounding The Alarm

HR departments are still figuring out how to handle "quiet quitting," but a new trend is taking over.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

Taco Bell Slammed With Lawsuit Over 'Especially Concerning' Advertisements, Allegedly Deceiving Customers

The class action lawsuit claims the chain is advertising more than they deliver.

Business News

Body of Missing 27-Year-Old Goldman Sachs Banker Found in Nearby Body of Water

John Castic, a 27-year-old Goldman Sachs employee, went missing around 2:30 a.m. on Saturday after attending a concert at the Brooklyn Mirage in East Williamsburg.

Marketing

'I Cannot Wait to Host You': Gwyneth Paltrow Just Listed Her Guesthouse On Airbnb.

The goop founder says she hopes 'we'll find connections and commonalities over a delicious meal.'