Question

identify specific ways a new business start up idea will quickly establish legitimacy in the marketplace with perspective customers

Answer 1

Startups are basically the hub and promoters of entrepreneurial activities in global markets. Startups  are known for its innovative solutions to market as well as end user demand. The following activities and strategies will help it to become more legitimate and popular organization in the marketplace:

1) Promoting its ideas through digital platforms and social media interventions.

2) Efforts should be done to offer only high quality products and services.

3) The person responsible for managing compliances must regularly maintain the statutory requirements.

4) Customers should be contacted through attractive offerings . It can be done better with the help of top notch marketing services providers.

5) E commerce platforms and mobile based applications can be started . It will ensure quick sell to end users.

6) A healthy Customer relationship management ( CRM) should be strated where customers should be segregated based on some marketing like or favored looking activities.

7) Creating value chain across the functions performed by the startups.