Transformation > Transaction

Written by Naja Shafiq

Your should be in the transformation business.

Any business is about exchanging of values, & that value can be money.

It is transactional, one side give something & one part receive something in return.

But to grow a brand you need to go beyond.

Beyond transaction, you should be helping people to achieve transformation.

But this don’t mean that transaction is not important.

Transactional relationship with customer is short-term.

It’s still essential to the business, but transformation is crucial for long-term success.

Long-term transformation involves creating a significant & long-lasting impact for the customers.

It prioritising on building a long-term relationship with them, building loyalty & meaningful engagement.

Here are 4 things you can do to focus more on delivering transformation,

1/ Be customer-centric

Put the customers at the heart of every decision you make in your business.

Take into consideration their preferences, pain points, wants & needs.

Tailor your brands, products & offerings with your customers in mind.

2/ Use storytelling

Human loves story. We connect best with each other through stories.

Leverage storytelling to convey your brand vision, mission, messaging.

Create authentic story that will resonate deeply with your customers.

3/ Stay innovative

Embrace new innovation whenever you can. Continually improve your brand.

Be adaptable. Pivot based on the current market conditions when you must.

People changes & so are their expectations. Be open to changing things up as you go.

4/ Build a community

Foster a sense of belonging in your brand. Let them feel they’re a part of a community.

Engage with your customer, truly listen to them. Understand their wants & needs.

Focus on building a strong & long-lasting loyalty & relationship with your customers.

By prioritising transformation over transaction, you can cultivate a deeper connection between your brand & your customers, leading to a long-lasting relationship & sustainable growth for your business.

Published on 14 May 2024