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They build active communities both online (on different platforms) and offline (at events) around seemingly any topic imaginable — everything from beauty to AI to e-sports. million RMB (nearly $500,000) in sales of a limited-edition handbag in just six minutes.
For instance, if they love sports, perhaps you can invite them to join you for a game in the future; if they want to meet more people in the consulting industry, you could loop back next month with an offer to join you and a friend who’s a consultant for lunch.
How exactly are they doing that, and thereby realizing further gains in ROI? As a result, the brand substantially increased conversion of searches to sales of its cold medication, building greater brand loyalty at the same time.
Sales isn’t what you do. But those same managers have come to recognize that the ROI for enabling this development is enormous. Or perhaps they want to jump from engineering to sales. I see this analogy in sports all the time. You’re not a data scientist. You’re not cut out for engineering.
We recently completed a study for the CEO of a very well known, global sports-apparel brand company. Our sports-apparel CEO had the right idea in challenging his team to think about the organization and ask: are we fit for growth, given our strategies going forward? Learning from Big Companies.
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