A low price or low ticket product, as you can assume from its name. Therefore, One whose marketing value is reduced during a certain period. And in comparison with other similar products on the market. When it comes to starting a business. Therefore, Many people have doubts about how to set the price of their products, considering the demand-supply relationship. The money invested and the profit expectations of the business. In this context, it may be necessary to decide between a product that has a high value. Or high ticket , and another that has a low price . Therefore, And to make this decision correctly. It is important to know what the pros and cons of each price are. As well as the sales strategies that will be carried out.
What is a low price strategy
A low price strategy consists of selling products at a reduced value in relation. Therefore, To others on the market from the perspective of consumers . This business strategy has many Estonia Whatsapp Number List advantages. Two of which stand out, especially: Customer attraction. It is known that selling “cheaply” is something that attracts people who want to buy a product. For this reason, low ticket products generate more sales in number. Therefore, Although that does not necessarily mean high billing. Competitive advantage : By selling a product at a low price, you can differentiate yourself from the competition and take the lead in your market niche. One of the main elements of creating a low price strategy for your business is establishing the value you will charge for your product or service.
How to create a low price product
one of the keys to creating a low-priced product but with a high impact on your business. Therefore, Is that it serves to take the customer from point A to point . From this it follows ALB Directory that the product. It will be the instrument, the means, to generate a transformation. Conceptualize your product: it is a team effort to define fundamental. Aspects of the product, such as name, titles, subtitles, sales approaches, videos, complementary material, etc. Therefore, Structure it: at this point, Mauricio Duque suggests using the Feldman structure. Which is based on the idea of creating a logical sequence of content that facilitates the sale of other associated products. Therefore, In the case of $50 products. It is recommended to create at least 5 modules.
