Customers are often look for the products which stands out in the market and the only way to get customers flowing to business is by developing and delivering the exclusive products which means, are rarely existed in the marketplace. In the following paragraphs I will substantiate my view that how exclusive products can boost up the business.
There are few challenges associated while selling product which are more easily available in the market. Firstly, as a merchant, must deal with large number of competitors who has the same product; subsequently it will restrict the industry to quote minimum retails price and to suffer with less profit. Secondly, consumers get plenty of options to buy a same product. To increase consumer base and to keep running the business, company must come up with plenty of offerings and discounts. For instance, consumer can buy a common furniture from the stores where the item price is less, and which comes with some surprising gifts.
On the other hand, patrons are more likely to buy a product which are exclusive, eye catching and not common in their surroundings irrespective of the item price. In this case businesses can easily avoid conversation for price negotiation and company owners would benefit financially. For instance, Because of its uniqueness, the cost of IPhone is far higher than rest of the common mobile phone. But still Iphone has a huge consumer base compare to others.
To conclude, developing the eye-catching products establish the brand in the business world and company can easily celebrate the glory of success.
Customers are
often
look for the
products
which stands out in the market and the
only
way to
get
customers flowing to
business
is by developing and delivering the exclusive
products
which means, are rarely existed in the marketplace. In the following paragraphs I will substantiate my view that how exclusive
products
can boost up the business.
There are few challenges associated while selling
product
which are more
easily
available in the market.
Firstly
, as a merchant,
must
deal with large number of competitors who has the same
product
;
subsequently
it will restrict the industry to quote minimum retails
price
and to suffer with less profit.
Secondly
,
consumers
get
plenty
of options to
buy
a same
product
. To increase
consumer
base and to
keep
running the
business
,
company
must
come
up with
plenty
of offerings and discounts.
For instance
,
consumer
can
buy
a common furniture
from the stores where the item
price
is less, and which
comes
with
some
surprising gifts.
On the other hand
, patrons are more likely to
buy
a
product
which are exclusive, eye catching and not common in their surroundings irrespective of the item
price
.
In this case
businesses
can
easily
avoid conversation for
price
negotiation and
company
owners would benefit
financially
.
For instance
,
Because
of its uniqueness, the cost of
IPhone
is far higher than rest of the common mobile phone.
But
still
Iphone
has a huge
consumer
base compare to others.
To conclude
, developing the eye-catching
products
establish the brand in the
business
world and
company
can
easily
celebrate the glory of success.