An entrepreneur lives or dies based on his or her credibility.
You may have the world’s best product or service, but if customers can’t trust you, they won’t buy from you.
Personal credibility is not simply created out of nothing. It is cultivated over time.
How do you cultivate this credibility?
Here are 10 techniques that will turn you into a more credible source, and a more successful entrepreneur.
1. Own up to your screw ups.
If you blow it, admit it.
Obviously, being wrong is not fun. It can be humiliating, actually.
The greater your mistake, the greater your grief.
Although humbling, however, such a frank admission of your shortcoming can raise your credibility.
Related: 6 Ways to Pull Yourself Out of an Entrepreneurial Slump
2. Make your social-media accounts consistent.
Consistency is a key component of credibility. When each of your social-media profiles tells the same story, it develops consistency.
Keeping up with your social profiles is part of the practice of building your personal brand.
3. Compliment other people.
False compliments are a surefire way to look artificial.
No one likes an artificial smooth talker. But providing a heartfelt and genuine compliment is a different story.
When you commend someone’s strengths their work or some other aspect, the person develops a reciprocal attitude of respect and appreciation.
You can provide compliments to colleagues in your workplace, clients, customers and other people in your life.
When others see you endorsing another person, it reinforces their trust in you.
A great place for public endorsements is LinkedIn.
Endorsements show that you respect, appreciate, and value other people.
As a side benefit, other people may return the favor and endorse you.
4. Lose a negotiation.
Entrepreneurs are known for their ability to negotiate.
But is winning a negotiation always a win for your personal credibility?
Take a hard analysis of your next negotiation.
What do you stand to lose?