Competition through low prices
Often, start-UPS think that if you make low prices, you can compete. But the problem is that low prices make the business less profitable, fewer margins and less revenue.
It is necessary to compete with the help of low prices not constantly, but by holding temporary actions to reduce the prices of any single product or group of products. For example, you sell food and not to write off and then dispose of expired goods, you can hold a share on this product at a discount, give it at cost or even in the negative. Make a newsletter to your customers and offer the goods at a discount, a great opportunity to please buyers and sell the goods.
The big players in the market will always bypass the small ones at the price level, as they are ready to work at a loss for many years. For example, Amazon has been working in the red for a long time and it is a very large company, which is very difficult to compete with.
If you are starting a business you need to choose a definitely different strategy for the development of the company, but not a strategy of low prices. If the low price is the only thing it you can differ from your competitors, this is your biggest problem.
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
To listen to the audio version of this article click on the play image.
Brought to you by @tts. If you find it useful please consider upvoting this reply.
You got a 4.91% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
You got a 33.33% upvote from @whalepromobot courtesy of @cryptokos!
You got a 27.86% upvote from @redlambo courtesy of @cryptokos! Make sure to use tag #redlambo to be considered for the curation post!
This post has received a 16.67% upvote from @lovejuice thanks to @cryptokos. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
Thank you so much for using our service! Congratulations! You've earned an ROI of 107.67% with bids of: 0.025$
Received 9.12% upvote from @onlyprofitbot courtesy of @cryptokos!
More portion of profit will be given to delegators, as the SP pool grows!
Comment below or any post with "@opb !delegate [DelegationAmount]" to find out about current APR, estimated daily earnings in SBD/STEEM
You can now also make bids by commenting "@opb !vote post [BidAmount] [SBD|STEEM]" on any post without the hassle of pasting url to memo!
* Please note you do not have to key in [] for the command to work, APR can be affected by STEEM pricesYou got a 25.00% upvote from @whalecreator courtesy of @cryptokos! Delegate your Steem Power to earn 100% payouts.
You got a 91.11% upvote from @spydo courtesy of @cryptokos! We offer 100% Payout and Curation. Thank you.
You got a 71.15% upvote from @brupvoter courtesy of @cryptokos!