Which strategy would you consider as the best?

[eldavis]

As a business owner which strategy would you consider using for your business, would you rather sell your products at a cheaper price, therefore having more sales and customers or would you sell your products at a higher price but having less sales and customers? Which is better and why?

 

[Ratine]

For me l always go for the selling of the products in cheaper prices and make more sales and customers for that matter.

 

[Shavkat]

The pricing of products depends on how they were made, especially the materials and labor costs. It is not because you wanted to make the products in cheaper prices or not.

 

[King Belieal]

When there is a ready market that can buy out stock very quick, I would rather sell at a reduced price and sell out in two days to restock again than drag it till 4 days because of a higher profit margin.

 

[Ratine]

The fan thing with business is that, when you sell at very cheap prices you would be increasing the volume of sales but also reducing the profit margin.

 

[nomad]

I would love to sell premium products for premium price, in other words sell expensive products to fewer people

 

[Ratine]

For me l back for the selling of higher volumes of sales. There are more benefits with the selling of more products.

 

[Fidelia]

I would not take my prices ridiculously low but I can slightly reduce it to be competitive and attract more sales.

 

[Kera]

There is no best strategy in business. But a business identifying with its host community and having a good relationship with it is a very sound strategy that can enhance business success.

 

[Ratine]

I have realized that when you sell your products at cheaper prices you could easily win the hearts of many customers