The best Selling strategy

As entrepreneurs, what are the different selling strategies we can adopt while trying to sell our products. We have

  1. Wholesale strategy
  2. Retail strategy
  3. High volume,low margin
  4. Low volume, high margin.
    For Agricultural products, high volume low margin works well because they are essential products that people consume daily. While Low volume high margin works for Luxury goods like cars.
    Having a retail store gives you the ability to make more money per unit of a product but other extra operating costs are incurred. An indepth analysis of the cost of both retail and wholesale strategy for your product will help you make the right choice
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@ELIZABETH_EZE
I am sure all provision store owners and supermarket owners will agree with this method of pricing as they making double of what they buy for considering all items now are necessities

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Know the selling strategy that works for you and your environment.

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Indeed any strategy in itself is not a strategy if it does not integrate the very important parameters of the clients’ needs. It is the customers that allows you to establish a strategy to satisfy them, therefore the segmentation of your customers is the basis of your strategy otherwise it will be unsuitable. For example, it will allow you to know that :
you have customers who in terms of software prefer to pay in one go and pay more so they don’t have to depend on it while others opt for the same software with a subscription period to minimize the costs.

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The best selling strategy is to identify the strategy place for market with good environment and risk taking.

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For me it depends on the environment, the competitors, and the products we sell

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