Here is what you may want to read before you read on.
Business is business. You take risk and you expect a reward. There are no standard principles that you can run a business on. What works for you might not work for another person or another business. But that’s why we have so many business schools teach programs. Well sometimes, giving more quantity is not the way to go, unlike blogging where it might help by producing more and more blogs. You have to decide your quantity depending on what you are producing. If you over generate your product you might end up selling them for lesser price, so always produce as your business requires.
It’s all about Quality! It might be blogging for cup cakes, a TV or anything. Always give the best. Good quality always bring new customers and keep the present customers loyal. Look out for any complaints, comments and customer feed back. These are better than any big solution firms. They open up all the possible ways of improving and giving better product or service. Services is the place the change can be made immediately if there is any need for improvement in quality. For bigger firms dealing with products like TV, it might take a while to bring in changes and a lot of research has to be done with regard to customer feedback and market research.
Pricing is the most important and attractive feature. The right pricing can make or break customer buildup. Always do the right math before fixing your price. Pricing depends on many other factors like demand, market and timing. The product or service under demand always have price fluctuations, but be reasonable to have a healthy market. Sometimes few products have different prices depending on the market for example, the mangoes are quite cheap in tropical areas like India but are pretty expensive in US markets. Few items are more expensive during the time of the year like during Christmas season. Always look into different ways like logistics, pre-orders, etc., to keep the prices more reasonable and reachable.
Taking risk is a very prime factor in every business. What I mean is taking a calculated risk !! Business always flourishes and prospers by taking logical risks. Sticking to few old tricks does not take you to a newer and higher level. You need to work your way up!
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