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Business strategy
Effect of being loyal to clients and customers.
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[QUOTE="Kendy, post: 212631, member: 63869"] There are many effects of being dishonest to clients and customers alike. As an entrepreneur, one thing that should be an attribute should be the ability to be honest when dealing with your customers. We all know that the inflation rate is on the high side and the economy is dwindling each passing day but this is not a leverage to skyrocket the prices of goods or services above the normal price it should have been. There are some business owners who derive pleasure in exploiting their customers all in the name of recession. No doubt, as the prices of goods increases in the market or the demand is more than the supply, the prices would kickstart high than the original price but this has given some business owners the opportunity to milk out money from their clients. We should know that customers are the lifewire of any business and these same customers are those who would likely recommend you to other potential buyers. The way you prioritize their needs and expectations or the way you treat them would definitely reflect on the quality of your business. Loyalty should never be replaced with greed, this has made many business owners loose out on clients or customers who should have been retained. [/QUOTE]
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