2. Price War: Playing Cheap Prices Until You Die

[zihadhasan010]

This is another big issue. When there are many competitors, everyone races to lower prices.

Some are willing to sell at a loss just to attract customers.

But the problem is, when you start playing with cheap prices, you actually kill your own business.

Why?

Because the costs are still there, but the margins are getting smaller. Over time, you won't be able to sustain it.

Even sadder, customers are already accustomed to cheap prices.

When you raise the price again, they will leave denmark phone data and run away looking for something cheaper.

So, playing price wars is actually a dangerous trap.

3. Customer Loyalty Declines, Everyone Wants Instant Satisfaction
In the past, if people liked our brand, they would be loyal for a long time.

But now, customers have different expectations.

He wants everything fast, cheap, and the best. If one thing doesn't work, he gets criticized on social media.

Loyalty? Hmm, it's a little hard to find now.

If you're not good at maintaining relationships with customers, they can disappear in the blink of an eye.

That's why it's important to engage with customers, to make them feel valued. Otherwise, competitors will take over.