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Cattle Boards
Beginners Board
How in the world can you make money in this market?
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<blockquote data-quote="HerefordSire" data-source="post: 617161" data-attributes="member: 4437"><p><em>You are correct! Perceived value relative to price usually triggers a buyer to cough up frog hides. The actual value doesn't really have to be there, unless you are after repeat business. Since we are after repeat business, the actual value must at least be there, and the perceived value must be equivalent to the actual value, that is unless you want to leave a frog hide or two on the table, which sometimes can be a good technique. Leaving frog hides on the table is good to get advertising by word of mouth. It helps to differentiate the product. If millions of other products are the same as our product, why buy ours? After going through the sale pitch why you are going to take care of them better, the customers starts working the price downward. So what I am thinking may work...is to have a different product that is superior...AND market to the end user.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 617161, member: 4437"] [i]You are correct! Perceived value relative to price usually triggers a buyer to cough up frog hides. The actual value doesn't really have to be there, unless you are after repeat business. Since we are after repeat business, the actual value must at least be there, and the perceived value must be equivalent to the actual value, that is unless you want to leave a frog hide or two on the table, which sometimes can be a good technique. Leaving frog hides on the table is good to get advertising by word of mouth. It helps to differentiate the product. If millions of other products are the same as our product, why buy ours? After going through the sale pitch why you are going to take care of them better, the customers starts working the price downward. So what I am thinking may work...is to have a different product that is superior...AND market to the end user.[/i] [/QUOTE]
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How in the world can you make money in this market?
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