Check out the following Infographic 5 Tips to Choosing Your Business Products Carefully:
Infographic 5 Tips to Choosing Your Business Products Carefully
You have to be the expert before you even start your business. Know your product or service inside out. You may love your business for the product lines, but will your customers love the products too?
When problems arise with a product, or when a customer asks technical questions, are you knowledgeable enough to resolve these problems and answer their questions competently and confidently?
One way to increase your product knowledge is to contact the manufacturer or local distributor. Find out the following:
- How long have these products been on the market?
- Are they seasonal and when do most sell?
- How often are these products upgraded or changed?
- Could you be caught unexpectedly with obsolete inventory?
- What do the manufacturer’s warranties cover?
- Are replacement parts readily available?
- Are the products competitively priced?
1. Choose your products carefully:
Don’t just choose to sell a product because you think it can make you rich. Choose to sell a product or service because it is your passion. Choose something that you feel will make you happy in the process.
2. Make sure your product/service is of high value:
Sell quality based products/services or your customers will know the difference. Your goal is customer satisfaction, always!
3. Provide excellent service to your customers:
Go that extra mile for your customers. A happy customer is a healthy business. Answer emails , and/or phone calls promptly.
4. Don’t stress:
Take care of YOU. If you need to take time out, then do it. Come back refreshed and ready to tackle your daily activities. Success will prevail!
5. The competition:
Competition is an ugly word, but competitors are a fact of life. If your business can’t compete with other stores or services, don’t start this business. You have to have some sort of an edge.
You may have an excellent product, but if everyone else is selling a similar commodity, just how much of the market do you expect to capture? You will have to get to know everything there is to know about your competition and keep up to date with their marketing strategies.
Be unique in your own style. Always come up with new ideas to present your product and improve your business. Access your competitor’s strengths and weaknesses and see how you can provide new ideas for promoting your business. Best of all, have fun!
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