Price Raise Makes Customer Dissatisfaction
High price of basic commodities usually pose a dilemma for many businesses. On the one hand, production costs will swell, while on the other hand arises fear of losing customers when it decided to raise prices.
The issue of price is very sensitive. As a business person, you certainly do not want to lose by rising prices of production. Therefore, you need to be careful before deciding to raise prices.
Informed that the right step raising the prices without losing customers:
Customers should be the first to know when you decide to raise the selling price. Let's just say that the price will go up next week or next month. You should also be able to explain it logically, why would you raise prices.
Improve the quality. There will be business people who think to not raise prices, but they degrade the quality of the product. Such measures will only make customers dissatisfaction and go. So, a good move is offset such price increases by increasing the quality.
Give the second option. You know why so many large manufacturers that offer a choice of service packages? The way it was able to bind the customer to not go.
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