Page - 287 - in Digital Entrepreneurship - Impact on Business and Society
Image of the Page - 287 -
Text of the Page - 287 -
During the event, Lynn soldmakeup products at a stand near the entrance, where
everyonewhowalked inwas introduced to thewhatWIBhas tooffer, alongwith its
quality level and price ranges.
Lynn states that, âpersonal connections really help in Lebanon; thatâs just how
theway thingsworkhere. If youneed something,you refer to someone.âShegives
the example of the timewhen she needed andwas in search for a delivery agency
for her business. One of her acquaintances hadworked with a particular delivery
agency and recommended them to her; so, she didnât face any hesitation in
choosing, trusting, andworkingwith this agency.
Moreover, Lynnâs close friends supported her and offered various ideas and
suggestions regarding her business.
Our interviewwithLynn hinted at an important link between social and human
capital. The social capital, including personal connections, can serve to form a
companyâs human capital. This is the case with Lynn, as her friends and herself
makeupWIBâs team.Whenaskedabout her employees, the founder states that she
doesnât refer to themas employees, but rather asmembers of a team comprised of
herself, an editor who is responsible for graphic design and Photoshop, an entre-
preneur who also has a cinematography (photography and videography) back-
ground, a person responsible for customer support, and another for answering
messages on social media. This small team built herWeb site and keeps track of
inventory.Allmembers of the teamconstantlywork on developing and expanding
their skill-set.
Inaddition toLynnâspersonal connectionscontributing to thecompanyâshuman
capital, they ended upbeing a big part of the clientele and supporters of her online
shop. Lynn says, âin Lebanon, everything is based on Public Relations.âWhen
LynnïŹrst introducedWIB toher friends, family, students, andother acquaintances,
they werenât reluctant to purchase its products, for they trusted that she wouldnât
sell and promote an arbitrary brand of bad quality; thus, theywerenât dubious of it
being a rip-off due toher good relationshipswith students and friends andassumed
the brand to be of good quality.
Thus, Lynnâs asset was her social capital and the trust that comes with it. She
gained a lot of customers through her friends, students, and other personal con-
nections. Due to their trust in Lynn and her assessment of quality and standards,
many ended up purchasing products to try them out. As she says, âbecause they
know me and trust me, they trusted the brand.â So, upon hearing Lynn being
associatedwith the brand,more peoplewere inclined to try out the brand, but this
really only goes so far as a âïŹrst impression.â
Hence, according to Lynn, the key to creating long-lasting customer relation-
ships, maintaining customersâ trust, and having loyal customers is not only to
consistently deliver of-value products and show them their quality level, design,
and packaging, but also to provide themwith after-sale services such as customer
support and delivery.
The founder points out that for her, âitâs also a matter of self-satisfaction or
self-esteem.â If peoplewere to be dissatisïŹedwith the products and started giving
bad reviews or feedback, not onlywould people lose trust in the brand but also in
296 G. Samara and J. Terzian
Digital Entrepreneurship
Impact on Business and Society
- Title
- Digital Entrepreneurship
- Subtitle
- Impact on Business and Society
- Authors
- Mariusz Soltanifar
- Mathew Hughes
- Lutz Göcke
- Publisher
- Springer Verlag
- Location
- Cham
- Date
- 2021
- Language
- English
- License
- CC BY 4.0
- ISBN
- 978-3-030-53914-6
- Size
- 16.0 x 24.0 cm
- Pages
- 340
- Keywords
- Entrepreneurship, IT in Business, Innovation/Technology Management, Business and Management, Open Access, Digital transformation and entrepreneurship, ICT based business models
- Category
- International