Augusta
VIP Contributor
Low pricing of a product or service is giving to customer a price to buy that is lower than other sellers out there. Some sellers use this advertising strategy to make more sales. These sellers believe in quick turnover than in just the profit. The truth is that people are always willing to walk a mile to get a product that is less in price even if the discount isn’t reasonable enough. The sellers know this and capitalize on it.
The thing here is that a seller is ready to get some pennies per sale but do the calculation if more than 100k people should buy that product because of the low pricing. So a quickturnover will still net a business more profit even at a low selling price
What’s your thought?
The thing here is that a seller is ready to get some pennies per sale but do the calculation if more than 100k people should buy that product because of the low pricing. So a quickturnover will still net a business more profit even at a low selling price
What’s your thought?