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Back in college (when I was a little Tike and bell bottoms were all the rage), I have learned about the laws of supply and demand. Now you are probably wondering what this has to do with Internet marketing. My friend , It has everything to do with it. I will explain in this article and hopefully, especially if you have a product creator, or even if you are a partner, you will understand how important this concept is.
I am not to declare the entire law of supply and demand, because it is not a lesson in economy. However, I will give you the basics. If the offer is large and the demand is low, prices fall. When supply is low and demand is high, prices rise. It is so easy. Okay, once again, you are wondering what this has to do with Internet marketing. Let me explain.
If we have a product we sell, regardless of whether our own or a partner product, there are two factors that decide whether it sells or not, apart from whether or not there is a demand for the product at all.
The first factor is the quality of the product in comparison to other similar products on the market. If the quality of the product is not up to par with similar products, you will have a difficult time selling them. Of course, this makes sense. Why should someone buy an inferior product if it is similar to the same or less money ... This brings us to the second factor.
This factor is the price of the product. If the product you sell is a higher price than similar, but the quality is not much better, then you can not expect to sell very well. Why would it be if a similar can be used for less money. So, in order to sell, you need to lower the price, especially if it is a competitive market.
Of course I have simplified this process to a certain extent, but the bottom line is this, if you have something, or decide to sell something that another person, you must be on the competition and see what they offer . Is your product the same quality? If it is, then do not expect, unless you sell your much lower price. If your version, but is better, then you can charge more for them, especially if there is high demand.
, By using this simple procedure, a lot of market traders could be a lot of grief trying to sell something that they do not have the opportunity to sell.
To your success,
Steven cars home
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วันพฤหัสบดีที่ 13 สิงหาคม พ.ศ. 2552
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