the.zachwilliams

the.zachwilliams

All successful businesses have ONE thing in common - ECOSYSTEMS. This strategy draws the line between brands that DOMINATE and those that barely survive. What is an ecosystem? It’s all about creating a network of touchpoints for your customers to help you integrate your product into their lives. Businesses that have MASTERED ecosystems include: Disney Microsoft Apple They know how to keep their buyers buying by focusing their efforts on becoming a part of their customers' daily lives - making them irreplaceable. Take Apple… They’re not selling you on the phone or the laptop. They sell you the experience of the seamless exchange from your pocket to your desk. Your documents, your health monitoring and your music all move with YOU. Why would anyone want to leave a system that prioritizes convenience? It's serving you at MULTIPLE touchpoints. That’s why the retention rate of iPhone users sits at 92% while Samsung is at 77%. For 3 CONSECUTIVE years, Apple's retention rate has risen by 90%, with iPhone users holding an 18% higher brand loyalty than Android users. Apple makes life easier and more connected than its competitors. It’s similar to Disney’s ecosystem. They’re not just a theme park or a movie. They’ve built a web of characters, stories and experiences that become part of a family’s folklore. You might be wondering…Well how does that help my business? Here’s how: Stop limiting your business to the products you sell. Instead, focus on creating ecosystems. I would regularly ask myself: "How can I embed my business into the daily lives of my customers?" When your business stops being a transaction point and morphs into a routine, a habit, a lifestyle: That’s when retention scales up from a challenge to a mastered channel.

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