Friday, May 26, 2017

5 BUSSINESS LESSON FROM JHAKKAD THAPA






Jhakkad Thapa, one of the contestant of Nepal Idol audition has garnered a cult following. Fans are talking and discussing him in all subsequent Nepal Idol videos. Even a call for wildcard entry, straight into the final has been called by fans, though unlikely.  The intention of this post, however, is not to diagnose his singing prowess nor comment on his personality. This post seeks to take business insights from Jhakkad Thapa and reasons for his cult following.
Here, I present to you five business lesson from Jhakkad Thapa presentation.

Get a Brand Name that Simply Rocks

Any brand name should stick in the minds of audience. This could be achieved by simplicity like Apple did or by its peculiarity. Jhakkad Thapa is a name that sticks and is so unique that it makes people ponder and ask questions.
Brand name allows businesses to put meaning behind that name, starting from a clean slate. 
Engagement begins with the brand name.
“If somebody automatically associates your brand name with positive emotions, you’ve earned yourself a customer for life.” - Rader




No bullshit,
Cut to the chase!

                                  
Meandering around with generic content works if you are unprepared but over long time it turns fatal. Time is money and these days even more so.
 Beating around the bush bores audience/clients and in both show biz and business, being boring is the new sin.


Be Confident on your USP (Unique Selling Point)

Your product may be unorthodox, new and naturally you could have some reservations about it but that shouldn’t ooze out of you, you have to have confidence in your USP. If you aren’t sold to USP yourself, don’t expect the audience/market to be sold to the product/idea.  Positing your USP, among competitions in the market is equally important. Businesses without a USP struggle to form an identity, and ultimately fail to market the benefits/value they offer.
Jhakkad Thapa sang songs, many of the audience had never heard and he did so with such confidence, hence the charm.


Engage through Emotions

Your brand should trigger emotions to your customers. Emotional branding means customers stay loyal for the long haul. Emotional branding helps to create deep intrinsic relationships between brands and consumers. Relationships with an emotional dimension are more likely to resist the temptation to defect than comparatively superficial price or convenience-based ones.
 Coca cola over the years have tried to make itself synonymous with happiness.
Vulnerability creates trust.
 Humor sells.
Jhakkad prashad, due to his originality, innocence triggers mixed emotions in judges and the masses.
Charles Revson, founder of Revlon, always used to say he sold hope, not makeup.



 

Sell your Story

People tend to root for underdogs because there’s a story, a good old story where the underprivileged challenges status quo. People crave for stories and invest themselves in it. Humans are wired to recall stories. Stories make deep connections with people, increasing the brand’s strength. A good persuasive story is inspiring, challenging, educating, emotionally stirring or combination of these.

A good story is the backbone of word-of-mouth marketing.







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