Every generation brings up new inventions that make life easier for next-generation and progress the civilization forward. The inventions are not only limited to science but also extend to arts, culture, and commerce. In the past few decades, the way businesses conducted, are totally changed. This new revolution is brought by combining technology with commerce and new radical ideas from the current younger generation. If you look at new billionaires in the world, they all have one thing in common, that is not fearing trying new ways and challenging the old way to make life easier for other people. Gopesh Khandelwal shares how the current generation has changed business practices.
1. Sales are now one click away.
This was the first business that included technology in it and everything was changed. Earlier people had to visit the store or restaurant personally to buy things. Now everything is just one click away. Starting with telephone and television later with the inception of the internet, things became much quicker and user friendly. Nowadays almost every business is available on applications on various platforms such as Google Play and Apple Store. Initially started with just goods and accessories, now the online business model is extended to restaurants, new brand launches, the services sector, and every community service.
2. Online work has revolutionized the service industry.
Working smart is as important as working hard. The current generation is often portrayed as lazy and uninspiring. While some of it is true, they have succeeded in working smart so you can have spare time for fun too. For example instead of driving yourself for several miles and waiting for hours to have a meeting all of this can be done in under a minute by the online conference. It is smart, time-saving, and also saves a lot of resources too.
3. Prioritizing customer is the best policy.
Apart from businesses the customers have also changed their approaches. There is no longer monopoly of big businesses in every sector and customers have more options. The customer always chooses what is most convenient for them and with the most affordable prices along with good service post-purchase. The entrepreneurs of today understand this very well and this is why many big businesses now have 24×7 customer supports and they also provide service guarantees. This in turn creates good word of mouth and you get free advertisement by customer reviews online.
4. Globalized business practices.
Gone are the days when local businesses used to purchase everything overseas and were just a middleman for sale. Nowadays many entrepreneurs believe in manufacturing their own goods so they can have creative controls over them. In fact, multinational companies prefer to transfer their manufacturing units to other countries or invest via local companies. This benefit the company in many ways such as taxation benefit, more perks from having a local business and also support local economy too. Another advantage is the trust of people will be more if they know it’s been locally made.
5. Viral marketing campaigns.
For any business, marketing is the most crucial part. A good marketing campaign creates a strong consumer base as well as boosts sales. In old times marketing was a big headache for business because it was costly and also reaching out to millions of people was not possible but now it is a matter of few seconds. Every business can promote them online and even show all the products too. Not only big businesses but even a single person starting his own business can advertise himself to millions of people with very little cost. One of the best aspects of it- is targeted marketing. The product sells well if it is advertised in front of the right audience.
This is how the current generation has changed business practices completely. The essence of all it, is that the business practices are now more humane in nature. Mr. Gopesh Khandelwal is managing many known startups and companies and his skillful ideas and major approach is a profitable deal for both his clients and him. Mr. Gopesh will make people their dreams come true with his best ideas and give many entrepreneurs the best opportunities to shine.