BUSINESS GROWTH

AT THE SPEED OF TRUST

SME’s battle dozens of challenges ever single day so its possible that they overlook the importance of a small but critical aspect of “Trust”. 

Trust as defined by Merriam-Webster dictionary is “Assured reliance on the character, ability, strength or truth of someone of something”.  Or more simply put 

Trust is confidence in the honesty or integrity of a person or thing

 

When a business reaches out to another for a solution it is a person from one company that talks to a person of the other company. That call or communication leads to more calls and meetings but only if Trust being re-emphasised at each stage of the relationship. Hence whether the relationship is for business or personal reasons …. Trust is the guideline for continued progress.

 

5 pillars that all SME businesses should follow to ensure that Trust is continually being established:

HONESTY

Would you trust someone that lies to you? Someone who constantly comes up with excuses? Someone who always told you what you wanted to hear? You would trust someone more if they made a mistake and owned up for it by telling you about it 

Consumers can sense dishonesty a mile away. You may be able to fool them once but never the second time. Plus they will go out of their way to call you out if you have been dishonest with them

TRANSPARENCY

Would you trust someone who holds back information from you? Or intentionally shares selective information with you? Someone who thoughts, actions and motivations seem murky?

Consumers may not know everything that you know and rely on you to be transparent with them at all times. Transparency allows for them to forgive when you make a mistake

ACCOUNTABILITY

Would you trust someone who doesn’t keep their promises? Someone who doesn’t follow through on their commitments? Someone who didn’t bother to explain their actions or decisions? Someone who was unwilling to accept responsibility for their actions?

Consumers like to tally your words with your actions. Transparency allows for them to forgive but Accountability allows for them to believe that mistakes will not be repeated

ETHICAL ACTION

Would you trust someone that acts contrary to what society deems are good values? Someone who acted wholly and solely for their personal benefit at the expense of others

Consumers like to associate with business that share they values. They don’t see themselves as retards and therefore don’t want to be associated with businesses that behave unethically

PROOF OF ALLIANCE

Would you trust someone that did not have your back? Someone who didn’t take or keep your interests into consideration before acting? Someone that acts only in their self interest?

Consumers like to feel that you have their best interest first not their wallet or what you can get from them

Trust is only built over time and over multiple interactions. Even after spending time and making efforts towards building Trust, there is no guarantees that consumers will trust you. The other side of the coin is that over a period of time and efforts you invest in building Trust with you prospect consumers, you will figure out if that person is worth the time & efforts you are putting in

Trigger Worldwide is a Growth Marketing Agency, built specifically for SME’s and Startups to create Sustainable Business Growth. Our proprietary tools and process methodologies harness Technology, Creativity & Innovation, leverage Economic Drivers and Consumer Beliefs to help SME’s achieve their Growth Agenda’s.

Offices in Bangalore & Mumbai

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