Reading time: ~3 minutes
Did you start your business venture? Make Your Start-up Stand Out! Here are some ways to make it unique and ultimately successful. Being self-employed is something most 9-to-5 officer goers aspire to become. You become the master of your venture and do what you are most passionate about doing. Eventually, you may decide to expand your team and organize your business, enter the global marketplace, and even make it to the Fortune 500 list of best start-ups. Who knows? There’s no harm in dreaming.
However, becoming the best start-up in your niche is not a comfortable journey. As an entrepreneur, you will have to bear several risks. For example, customers, vendors, or members of the public may suffer an injury or sustain damage because of some negligence on the part of your business.
Make Your Start-up Stand Out
Such a situation can call for hefty legal expenses, something that can drain your business venture’s financial resources completely. To cover such costs, you might need to protect your business with public liability insurance.
Nonetheless, nothing should stop you from creating a unique start-up if you follow the tips below:
Craft your USP smartly
First and foremost, you need to be clear about the purpose you wish to achieve through your start-up. How is it going to fulfill a prevailing market need? Will it solve a problem that has never been addressed? It would be best to answer these questions in depth to come up with a proposition that touches the right chord with your target audience.
Look for untapped opportunities in the market, something that can make a difference in the lives of many people. Make your attributes stand out from your competitors by using emotion-evoking and relatable wording for your USP. It should communicate the value and benefit you are offering to your consumers.
It would be best if you even were unique about the brand name you choose for your venture. Go for a name that sets you apart from your rivals and communicates what your business is about. You can feel free to use humor if you wish to while coming up with a unique brand name.
Digital media pretty much drive today’s world. From ordering groceries to knowing about companies interacting with the world, people reckon upon digital technologies to fulfill their needs.
This is a trend that has become all the more prominent after the advent of social media networks, such as Facebook, Twitter, Instagram, WhatsApp, and the likes. Currently, 3.8 billion people worldwide use social media for various reasons, sharing personal moments, promoting brands, and so much more.
As a start-up owner, you need to capitalize on this trend. To stand out from a traditional competitor, you have to get into the digital space and connect with the world. Create a professional and extremely unique website with up-to-date information about your business. Social media networks are a great place to connect with consumers because they are present these days. The online presence and reputation of your business should be strong enough to catch people’s attention, and these platforms can surely help you make it so.
While leveraging social media for marketing your start-up, you need to focus on building trust. It’s only when your consumers trust you that they will buy from you. Business credibility and goodwill is not something you can make overnight; it requires time, patience, and persistent efforts.
If you can paint an authentic picture of your brand before your consumers, your job becomes easier. The marketing content that you share on social media should not only establish you as an expert in your niche but also build trust. It would help if you conveyed your story as truthfully as possible to win the hearts of your consumers.
Never overwhelm your consumers with misinformation or overly promotional content. Be yourself, but always mellow it down. You can even back it up with customer testimonials and online reviews to establish yourself as a trustworthy player in the market.
The above are just three of many ways to make your start-up unique in today’s competitive business world. It would be best if you started planning your strategic activities and conducting a thorough competitor and SWOT analysis at the earliest to launch with a bang.
References of Make Your Start-up Stand Out
BPlans, Author: Rob Young, 25 Tips to Make Sure Your Startup Doesn’t Fail, Avl at https://articles.bplans.com/be-the-25-percent-25-tips-to-make-your-startup-a-success/
Startup Grind, Author: AJ Agrawal, 7 Ways to Make Your Startup Stand Out in a Booming Industry, Avl at https://www.startupgrind.com/blog/7-ways-to-make-your-startup-stand-out-in-a-booming-industry/
Neilpatel.com, Author: Neil Patel, The 7 Main Steps You Need to Take to Get Your Startup Off the Ground, Avl at https://neilpatel.com/blog/get-startup-off-ground/
Why do most start ups fail?
1. Weak management team
2. Bad strategy
4. Not much money
How many start up fail?
80% of startups will fail. Will be ready for it and do your work clever.
How do I get funding for my strartup?
1. Ask a bank loan or credit-card line of credit.
2. Trade stake or services for startup help.
3. Contract an advance from a strategic partner or customer.
4. Join a startup incubator or accelerator.
5. Ask venture capital investors.
6. Apply to local angel investor groups.
Thank you for reading!