The DAMAC Properties founder, Hussain Sajwani has always been impressive in the way business is conducted and for the fact, he is always willing to provide assistance to others in a range of different ways. Among the aspects of his life Hussain Sajwani is willing to share are his journey to becoming a business success and how the luxury property leader has created a business model designed to keep his real estate industry protected from the “boom and bust” nature of the real estate industry.
Now a business partner and friend of President Donald Trump, the Hussain Sajwani family are now regular visitors to the resorts of Donald Trump and his family who are now interlinked with the Abu Dhabi born real estate developer. Hussain Sajwani and President Trump have joined together to construct a series of golf course-based real estate developments consisting of luxury homes and golf courses designed by world-renowned designer and Major-winner, Tiger Woods. This first partnership is one Hussain Sajwani has already stated he would wish to develop in the future with the construction of more Trump branded resorts across the Gulf region of the Middle East.
In bringing news of his own business successes and issues arising across the real estate empire built by Hussain Sajwani, the real estate developer has brought an impressive range of options to the fore in his bid to aid those who wish to follow in his footsteps. Lowering debt levels is a key part of the business model pursued and developed by Hussain Sajwani, particularly as he feels the majority of real estate developers hold too much debt when embarking on a new construction.
When embarking on a new development, Hussain Sajwani always pays for the land to be used outright leaving him with one debt on land to be paid during any period of prolonged construction. By ensuring escrow accounts are never linked the funding for any development is always in placed and never used to pay for other construction projects; finally, Hussain Sajwani does not use all his assets to pay for new projects as he feels the security of cash, bonds, and shares held in his company name are a major reason for his personal success.
The power of crowd plays an important role when it comes to consumer purchase. Today most of the customers are relying on crowd-sourced reviews before making their final purchase. They trust the reviews at the same level as they trust personal recommendations from family and friends. A savvy brand is one company that is capitalizing on the consumer’s behaviors about reviews centric marketing strategies.
Fabletics is a brand that is relying heavily on review-centric marketing strategies. The company started in 2013, and over the years it has grown with a tune of more than 200% and has gross revenue of $ 235 million, and it also has a significant size of one million paying members. The TechStyle Fashion Group Corporate Marketing Officer parent company of Fabletics Shawn gold believes that the brand success is due to positive reviews. Fabletics power to leveraging such rapid growth is due to the prominence of reviews by the today’s customer journey. Consumer’s reviews have a direct ability to increase their customer acquisition, customer retention and improved loyalty for the brand.
Today’s consumers live a digitalized, and an online review plays a significant role in decision-making process. Most of the people are known to read reviews, research on the company online before making any move. Crowdsourcing determines their purchasing power and decision. According to recent studies by BrightLocal, almost 84 % of consumers trust customers review represents online reviews and brand. Kate Hudson walks down the red carpet at Beverly hill hotel to brace the launch of Fabletics collection and collaboration with the superstar Demi Lovato.
Kate, one of the founders of Fabletics plays an active role in making the company successful. Within three and half years, Kate and her dedicated team started with little capital, and today the company is worth more than $250 million. This is quite impressive considering the actress had no business background. Kate Hudson joined a team of two Tech Style Fashion groups that needed a partner who was easy to approach and had an active lifestyle. Kate Hudson took the partnership quite actively from the first day, and she plays a significant role in social media strategy and reviewing budgets. Additionally, she works closely with the designer team to come with styles that stay fresh. She also keeps a tab on the weekly sales monitoring which clothes are more marketable in the fashion industry.
Kate was the mastermind of clearing communication, and she helped upgrade their customer service department. She advised implementing new data systems that make a proper inventory level. After the upgrades, Fabletics has rapidly grown its rating due to improved customer satisfaction score and better business bureau. They use customers respond to their product as a way of knowing the quantity of the product, the best inventory, and designs by collecting data from multiple points and, matching the customers with the perfect outfit.
The Lifestyle Quiz is one method that ensures the Fabletics customers get to know the best outfit designed to fit the occasion and bring out their best look.