Don’t overdraw on relational capital
Brands are dying and don’t even know it.
They just need to remember one thing:
Don’t go overdrawn on Relational Capital.
That means: if a new sale doesn’t…
- make folks ask to buy more,
- create a new fan,
- create referrals,
…then each time you ‘sell’, you ‘spent’ goodwill.
And need to build it back up with value.
But if a new sale causes those things?
You win.
So before you ask, ask yourself:
“Is this giving more than it asks for? And is it enjoyable?”