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Transform Your Business Model in Recession
By siliconindia
Good Product always Sells
Many small businesses think that if they lower the price of the product then they can sell more. For this, they degrade the quality of their product or services. But, they tend to forget that good products and services tend to survive in the long run. May be, reducing the cost and quality may increase their sales for a while, but in the long run, their survival will be difficult. Planning the launch of a new product during the economic slowdown is also not a right idea to leap upon. But, remember that if your product or service promises to address the pain point of customers more effectively, then people are willing to pay for it at any moment of time.
