Comments on: Marketing Ideas #5 Cut Prices

By: Andrew

Andrew — Sat, 14 Feb 2009 23:07:50 +0000

Price is not often the only determining factor. It can be important, but if you run your business exclusively on offering the cheapest price, history shows that you will fail. Our translation business is competitively priced, but most of the time we win over our cheaper competitors due to the quality and service aspects of the purchasing decision.

By: BigPappa

BigPappa — Thu, 20 Nov 2008 16:42:48 +0000

For me personally, I will pay more to purchase from a locally owned company even if they can not match price. I have always received better service from a locally owned company.

BigPappas last blog post..Rupert Murdoch – Media Needs To Reinvent Up In Here

By: Driveway Sealing

Driveway Sealing — Wed, 19 Nov 2008 21:58:58 +0000

All the price cutting has actually forced me to be a better shopper. Most places will match a competitors price. So I get a chance to buy from where I want to. Some places have points programs and other incentives to buy from them(no payments/interest for so many months). I think you really need to be an informed shopper as well. Research the products before hand. That way you will know a great deal when you see it. Steve Driveway Sealings last blog post..The Best Time To Seal Your Driveway

By: BigPappa

BigPappa — Wed, 19 Nov 2008 16:44:59 +0000

One thing that I would add to this. I think that the price chopping has a bigger influence consumers from a lower socioeconomic segment. As a retailer you can not win a price war. Smart consumers will understand the value added from a quality retailer and shoppers from a higher socioeconomic segment will exhibit higher levels of brand loyalty regardless of price. Retailers that offer high levels of quality, personal service have to run fewer “We’re Clearing Out The Store” sales.

BigPappas last blog post..Rupert Murdoch – Media Needs To Reinvent Up In Here

By: Josh

Josh — Wed, 19 Nov 2008 12:22:28 +0000

@BigPappa, Yeah I love them. I could never justify buying a pair of shoes for more than $200. But now I know how worth it ECCO shoes really are. My friend convinced me to get them and I haven't looked back since. Between those and my Herman Miller chair my back pain is mostly a thing of the past.

By: BigPappa

BigPappa — Wed, 19 Nov 2008 12:04:40 +0000

You are an ECCO fan too! That's all I buy. Casual and dress, they are the best shoes!

BigPappas last blog post..Rupert Murdoch – Media Needs To Reinvent Up In Here

By: Josh

Josh — Wed, 19 Nov 2008 11:00:23 +0000

@BigPappa, that is a very good point. I find that value is always with purchasing even at much higher prices, like me ECCO shoes. I wouldn't trade those shoes for anything while working.

By: symtex411 (symtex411

symtex411 (symtex411 — Wed, 31 Dec 1969 23:59:59 +0000

Marketing Ideas #5 Cut Prices: This is the third day of a 30-day trial. Follow the link to Marketing Id.. http://tinyurl.com/6xhv4h