1. How Steven Barbarich Built Multiple
Businesses
Steve Barbarich managedtobuildmultiplebusinesses.He wasable to become anentrepreneurevenif
he doesn'thave a backgroundin business.Infact,he studiedtobecome anengineer.Afterstudying,he
became an inventor.Hisyearsasan inventorwere agame-changerforhim.He tookthe time to study
howthe industryworksand howpatentsmake itpossible forbusinessestotake the majorityof the
profitswhenevertheyare sellingproductsinventedbyindividualslike him.
So howdidSteve Barbarichdo it?Is itpossible foranyone toownmultiple businessesevenif theydon't
have a backgroundin business?
Gettinga deepknowledge ofthe industry
For a lot of people whodecidedtostarta business,one of the biggestmistakesistoneverdotheir
researchon the industrythattheywantto participate in.Justimagine Amazon,forexample,andnot
knowingwhotheirtoughestcompetitoris?There isareasonwhyAmazonwas able tobeat its
competitorsandthat'sbecause Bezosunderstoodthe industry.Itunderstoodhow the operationworks.
Neverstop understandingyour customers
Anotherimportantdetail thatalotof aspiringentrepreneursforgetisthattheircustomerschange over
time.There are instanceswhencustomersdon'thave the same preference.If youstop,thenthat's
whenitcan become problematic.Youwill be lostthe momentyoustop.ForSteve Barbarich,he
continuedtodohis researchandunderstandhiscustomers.Inthe longrun,it paiddividends.He was
able to continue connectingwithhismarket.Andinthe end,he wasalsoable to produce the right
productthat matchestheirneeds.
How didhe do hisresearch?Hiscompanyresearcheddifferentways.Fromaskingsurveystodiggingat
the reviews,he managedtoknowwhathismarketwantto happen.
Creatinga product that can stand out
Creatinga productthat will standoutin the marketcan be challenging.Itinvolvesalotof resourcesat
times,andcouldevenfail altogether.Thisisariskthat StevenBarbarichtookrepeatedly.He
understandsthatbusiness isall aboutcreatingaproductthat will please yourmarket.
He made ita pointto studyhiscompetitorsandoffersomethingthattheyare notyetoffering.Attimes,
he doesn'thave to start fromscratch anymore.All he needstodoisto innovate the existingproducts.
As an inventor,thisisthe funpartfor him.
2. Offeringsuperiorafter-sales
For everybusiness,there will alwaysbe hiccups.If youare not aware of how to fix the hiccups,there isa
chance that your customerswill neverrecommendyour productor yourservice.WithSteve Barbarich's
experience, ahappycustomeristhe keytosuccess.
He makesita pointto reach out to customers.There are eveninstanceswhenStevenBarbarichwould
sendpersonallysendemailsandevensenddiscountcodesforcustomerswhohappenedtohave
complaintsabouthisproductsor services.
Withthese strategies,SteveBarbarichmade itpossibletostartdifferentbusinesses.Thoughitmight
soundsimple,thesethingsrequire alotof work.