If you were a businessman and had this opportunity ... what would you do?
If you were a businessman and had this opportunity ... what would you do?
Let's say you have a new business, selling some products that are on the market but at a very high price. You on the other hand could sell them at a lower price. What would you do? Would you sell them at a lower price which would still be a ripoff or would you pride them correctly and make a decent profit while getting as many clients as you can? This can bring you more profit in time.
- Sell at the highest price to get the max profit
- Sell at a normal price and get as many clients as I can
- I don't know
- Other
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Voted for
If people are freely paying for them (not coerced or induced by fraudulent information) then by definition they are not a ripoff, even if the profit margin is extremely high.
It's a false dichotomy, though: You may be able to maximize total profits by selling for a much lower price, even though profit per unit may be lower. It depends on the slope of the demand curve.
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Sell at a higher to passerby's and non-costumers and sell at the normal price to costumers or potential costumers.
I feel like you have this backwards.
Sell it lower to those who aren't aware / interested [ "passerbys ] in order to get them interested. These people might only buy if it's cheap since they don't know much about the product.
But, to the consumers / fans, you sell it at a higher price, since these people are the ones willing to spend for a product they value & enjoy.
ew lol, all this price & manipulation talk is making me feel like a dirty businessman x^D
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Sell it always 10 percent lower than the others, and revise the price continuously.