Build Trust
People are understandably hesitant to buy from a company they’ve never heard of before. To overcome that obstacle, lean into social proof.
Nova asked each of his first clients to leave a Google review, whether they were happy with his service or not. He cautions that it’s better to have a mix of good and bad reviews than reviews that are 100% perfect, which might look fake.
“If you have five-star reviews and no bad reviews, people get suspicious of that. So it's best to ask for honest reviews. If it's a bad review, that's good, because 4.9 is better than 5.0,” Nova says.
Griffin invested in an Entrupy device and brought it with her to vendor fairs. The device uses AI to authenticate a handbag and prints out a certificate of authentication. Entrupy also provides a money-back guarantee if it authenticates a product in error. Some of Griffin’s competitors charge customers for the certificates, but Griffin gives them out for free, and she’s found it reassures people who are on the fence about purchasing.
“That was a huge thing for me just because I wanted to show, I’m a small business, why should they trust me over The RealReal? And I felt like having a device like that would build more trust with my customers faster just because in this world, replicas are taking over at an alarming rate,” Griffin says.
Partner with Other Businesses
If you can form relationships with other businesses that your target customers rely on, you might get some leads sent your way. Look for partnerships where your product or service is complementary to the partner’s business or where you can help the partner expand its capabilities.
When he was searching for his first customers, Mizrahi partnered with supply chain consultants who worked with consumer goods companies. The consultants could direct clients to Mizrahi’s company when they needed to source an ingredient—which was a win for the consultants, who were solving their clients’ problems, and for Mizrahi, who got new customers.
“We did a few of those at the beginning, trying to get into the five people who are already working with our customers, offering something different that we can bolt onto and add value, and that seemed to work quite well,” Mizrahi says.
Be Consistent
Commit to your customer acquisition strategy, and follow through on it. You’ll attract more customers if you show up enthusiastically day in and day out.
“If you just come in and dip your toe in and then leave and then come in a month later and dip your toe in and leave, you're not going to be successful,” Mizrahi says. “The compounding effect is real.”