How to Avoid Competition on Prices?
By siliconindia
Fremont: How to avoid competition on price? If being a start-up, this is your concern then you are not wrong. As a start-up, you do not have so much in terms of capital and experience when compared to the big fishes who rules the ocean. They have a lot of surplus in terms of capital to be used as experiment and even to suppress their competitors by lowering the price of their product so that the small fishes are either dead or nowhere near their competition. So, what is that you can do to survive in this competitive edge of price? Here are few tips that you can apply for your survival.
Keep New Markets Handy
If competition is stiff, making your survival tuff, then consider whether a neighboring city or country might offer you a better option for your products. Your neighboring city or country might offer you better scope to sell your products at higher price. And do not forget to compare your products price with that of the competitors. It might be that they have raised the prices and you are still stuck with the bottom price just to survive the competition.