We look at it in terms of product extension.. Maybe we can add a product with a high margin? If possible

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zihadhasan010
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Joined: Mon Dec 23, 2024 5:44 am

We look at it in terms of product extension.. Maybe we can add a product with a high margin? If possible

Post by zihadhasan010 »

You need to know what your customers want. Not all add-ons are suitable, so do a survey or ask your customers what they need or want.

If you sell clothes, maybe customers want matching accessories or shoes.

So, understanding customer psychology is the key.

If you sell food products, for example, you can try making new variations.

If you sell burgers, add new toppings or make mini versions for kids.

Customers love new things!

If you sell smartphones, you can add accessories like screen protectors, or extra services like phone repairs. This can be a source of additional income.

Make sure the extension product you add is related to your main product.

If you sell clothes, adding accessories or shoes can be a good option.

Once you know what customers want, you can develop products that are in high demand.
Make sure the product is of good quality and provides value to customers.
This quality is very important, because if the extension product is not good, it can damage the reputation of your business.
Once you have an extension product, you need macedonia phone data to put together the right marketing strategy for that product.

Use social media, website, or in-store promotions, whichever is appropriate.

One way to sell extension products is to package them with old products.

Before adding extension products on a large scale, try testing the market first.

You can start with a small quantity to see the customer's reaction.

Product extensions can help increase profits in your business.
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