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What Are the Best Ways for a New Startup to Build Trust?

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If you want your startup to be successful, especially in the long term, you need to find a way to build trust. Hopefully, you operate your business so ethically and transparently that trust will become natural with time. But when you’re first starting out, you don’t have much of a history for people to investigate – and newcomers will naturally be suspicious of your brand.

What are the best ways for a new startup to build trust initially? How can you start convincing new customers that your new brand is trustworthy?

A New Startup Should Start With a Trustworthy Core

To build trust there is nothing more important than to start with a trustworthy core. If your business is naturally trustworthy, people will eventually come to trust it.

For trust-building — start with the big three:

  • Quality

    Focus on the quality of your products and services. You probably didn’t get into this business to scam people or cheat them out of money, so make sure you adhere to those principles. On the other hand, suppose you’re genuinely interested in providing high-quality products and services to those who need them. The trust will come naturally eventually — and it will be easier to build trust from the outset.

  • Leadership

    If your startup can attract funding, it probably already has strong leadership in place. Make sure you highlight at least a few team members with lots of experience and knowledge in this industry. People are more likely to trust people than faceless institutions.

  • Ethics

    Operate your company as ethically as possible, focusing on honesty, transparency, sustainability, and mutual respect. Of course, ethics can be a bit subjective, but there are clearly some “wrong” things to do in the business world.

Demonstrate Thought Leadership and Expertise

As much as possible, demonstrate your thought leadership and expertise. If you become recognized as a true authority in this space, people will naturally trust your brand more. There are many ways that you can do this.

One of the best is to launch a content marketing strategy. Using written, video, and audio content, you can directly engage with your audience and prove to them that you know what you’re talking about.

A combination of blog posts, whitepapers, eBooks, podcasts, and even streaming video sessions can help you educate your audience and get more visibility. If you consistently produce high-quality work, and other significant players in the industry respect that work, people will naturally trust you more.

Practice Guest Posting and Link Building

There are many viable link-building strategies, but one of the best is guest authorship, which will boost your trustworthiness in multiple ways. The idea goes like this: after establishing an archive of content on your own website, you can use the strength of your author profile to request permission to create posts on external websites.

Once you’re established as a guest author, you can write content for these publishers and include some links back to your main website.

The practice of guest posting and link building has several benefits. For starters, you’ll be able to expand your visibility and ensure your status as a thought leader is seen across many different channels. You’ll reach thousands, and potentially millions of new people with your words — and all those people, we’ll come to trust you more as a result.

The links you build will also build trust and generate referral traffic.

Your goal with guest posting and link building is to build trust, as well as send people directly to your website as they encounter your links in your work. These links also serve as a kind of vote of confidence, boosting your authority in the eyes of search engines; this is why link building is such an essential strategy for search engine optimization (SEO), ultimately helping your website rank higher in search engines and attract more organic traffic.

This strategy grows more powerful as you work with more prominent and trustworthy publishers. You can “climb the ladder” of trustworthiness, so to speak, gradually working with more trustworthy and more recognizable brands as your authority as a guest author grows.

Be Honest and Transparent in All Matters

Next, ensure your company is as honest and transparent as possible, especially in publicly visible communications. For example:

  • Answer questions honestly and in full to build trust.

    If someone asks you a question, answer that question directly, honestly, and in full. Dodging the question, answering ambiguously, or deliberately lying could compromise your reputation, especially if you’re publicly exposed for doing so.

  • Address bad news proactively to build greater trust.

    If you suffer a security breach, if you’re going to miss a deadline, or if your company is about to deal with a massive PR incident, try to address the bad news proactively. It might temporarily hurt your reputation, but it’s much better than the alternative; most customers would prefer to work with a brand that honestly addresses bad news rather than a brand that tries to cover the bad news up.

  • Acknowledge mistakes and apologize.

    Your company will make mistakes, especially in your early stages of growth. Be ready to acknowledge those mistakes and apologize.

Form Recognizable Partnerships and Affiliations

If your brand isn’t trustworthy, consider partnering and affiliating your brand with other trustworthy brands. If you can land a significant client that people already trust — that’s a major win.

If you can’t do that, try to get certifications from respected organizations, affiliate status with specific partners, and credits from the past publishers you’ve worked with. Trust by association is incredibly powerful, and you can’t afford to neglect it.

Prioritize Fast, Clear Communication to Build Trust

As much as possible, you should prioritize fast, clear communication. People should be able to reach your company and talk to a representative within a day or two, preferably within hours. They should also get clear, concise information from you.

Because of this, it’s essential to train all your staff members on effective and trustworthy communication. Templates can help, but it’s also important to be sincere and authentic in your communications.

These are some of the most important areas you’ll need to focus on to build trust are as follows:

  • Sales for better trust-building

    People aren’t going to buy from you if your salespeople are unreliable, unclear, or unavailable. Make sure your sales staff are equipped with the resources they need to answer customer questions fully, respond quickly, and provide support when necessary.

  • Customer service is a big area of trust-building

    People need to know that they can count on your brand to step up when something goes wrong. A strong customer service team can easily make up for any mistakes you make and turn disappointed customers into reassured ones. Your customer service department should make good use of the advice to acknowledge mistakes and apologize; they’ll likely have to do this regularly, period.

  • Social media

    Get active on social media. This is potentially your biggest communication channel, and the one that’s most publicly visible, so it needs to present your most trustworthy side. Don’t bury unpleasant comments or questions; acknowledge them and address them to the best of your ability.

Earn Good Reviews

Do your best to earn good reviews from your customers. If you’re dispensing high-quality products and services and you’re providing adequate customer service, this should happen naturally. But you can make this process even faster and more reliable by directly asking for reviews from your customers.

As an added bonus, good reviews are one of the best ways to grow your business. More people will see your brand name, and they’ll be much more likely to purchase products and services from you in the future because you have the support of your customers from the past.

Building trust is no simple matter. You’re probably going to encounter several obstacles on your way to establishing a better reputation for your brand, especially if you’re just starting out. But with these strategies, you can build trust much more reliably and start generating more revenue from new customers.

Image Credit: by William Fortunato; Pexels; Thank you!

Timothy Carter

Chief Revenue Officer

Timothy Carter is the Chief Revenue Officer of the Seattle digital marketing agency SEO.co, DEV.co & PPC.co. He has spent more than 20 years in the world of SEO and digital marketing leading, building and scaling sales operations, helping companies increase revenue efficiency and drive growth from websites and sales teams. When he’s not working, Tim enjoys playing a few rounds of disc golf, running, and spending time with his wife and family on the beach — preferably in Hawaii with a cup of Kona coffee. Follow him on Twitter @TimothyCarter

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Fintech Kennek raises $12.5M seed round to digitize lending

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London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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