“Trust relationships are vital to the way we do business today,” according to Trusted Advisor. “In fact, the level of trust in business relationships, whether internal with employees or colleagues or external with clients and partners, is the greatest determinant of success.”
When a company has established a trust equation—where credibility, reliability, safety, and focus are experienced through the words, actions, emotions, and motives of a company—that business is better able to accelerate its revenue growth. That established trust can be long-lasting, too. “Eighty percent of a company’s future profits come from 20 percent of its existing customers,” according to Gartner in this Marketo article.
If trust is the most important currency to customer relationships, how do you accelerate it?
Consider incorporating the key elements of transparency, speed, and engagement to fully reach that desired accelerated growth level.