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Archive for Increasing Your Income

Aug
14

Are Your Products Undervalued?

Posted by: admin | Comments (0)

When entrepreneurs start new businesses, one of the most common tactics they use to make sales is underpricing the competition. This is especially common for internet marketers – since there are potentially thousands of competitors in any given niche market, the temptation to compete on price can be quite compelling.

Although this strategy may generate short term sales, it can make running a business very difficult. The most obvious reason for this is that you will realize smaller profits from each sale, so you will have to sell more products or services to generate a sufficient income.

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