A competitor has just started a 50% off price promotion. What do you do; panic and do your own 50% off price promotion, ignore it or quickly work out what is best for your business and customers?
3 Small Business Marketing Price Promotion Tips
Posted by m4bmarketing under MarketingFrom http://www.m4bmarketing.com 5582 days ago
Made Hot by: MYOB on August 3, 2009 2:11 pm
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5580 days ago
As an experienced purchaser I know the relation between quality, price and delivery (lead) time of a product. These parts combined is the total picture for a person involved in the supply chain. This combo is effecting the bottom line at the end. I often said to my suppliers: I want to you have a profit on your products, because I want you to be able to supply my organization with goods tomorrow and for a long time to come as long as we have a mutual agreement on the quality, price and delivery time of the product.
5580 days ago
5582 days ago
5581 days ago
Sometimes, however customers can be drawn to a special price offer only to discover the competitor's product or service is not as good.