I recently bought a lot of construction material from a store here, and the price was 10% more expensive than in other stores.
I knew I could get the same stuff at a cheaper price almost anywhere else.
But I decided to pay 10% more.
Why?
Relationship & service.
Turns out the owner of the store where I pay more became a good friend over time.
The amount of knowledge, advice and help I got from him and his team, is worth way more than the 10% extra I paid.
Thanks to them, I also saved a lot of time, and money from stupid mistakes I was about to make.
Other stores would generally let me buy the stuff and go, without providing further service.
1 year after I came here for the first time, the store owner, who also happens to own a hotel, asked me to work together with me on his marketing strategy.
And we are partnering together with his hotel to bring guests to Reconnect when we open.
I believe this is what smart business owners do.
Focusing on relationships and service, even when it goes beyond the expertise of the business itself.
And doing this in a developing country, where most of the people don’t “get it” yet, is even more powerful.
Because nobody else is doing it.