The economy has suffered some huge blows in the recent years. At the same time, there are a lot of business that have closed down due to the tough competition that has forced them to bring their prices down. Sometimes, the only way they think they will survive is if they bring their prices so low that they almost don’t reach the profit margin that they are supposed to reach.
Sometimes the best way to avoid discounting your prices is by looking at other areas of your business. You can try looking at the quality of your product and how customer service plays a part in this whole picture. If you provide quality products and offer good customer support, your customers will eventually see that you are offering value for their money.
Another way of handling this situation is by offering alternatives to your customers. Give them the option to buy within their means and offer great solutions that will meet their exact needs. Do not just sell to them. Show that you are concerned and only offer what they need as opposed to what you think they need.
hey, I’m Kim + I am ridiculously passionate about helping you to work smarter and not harder + to realize how freaking amazing you actually are, exactly as you are and how easy business really can be when you are in alignment + simplify + add systems to organize your business + plan your business growth. I’ve been geeking out about online business, online marketing + systems + personal development + all that stuff since I created my first business back in 2006 + sold it.
This whole business owner thing is not for the faint of heart, there is a reason why most businesses fail!
While the road to burnout doesn’t look the same for everyone on it there are some similarities you typically experience on this path!
- You’re always in the weeds of your business
- You don’t have efficient systems and processes (or maybe none at all)
- You aren’t delegating effectively
- You can’t take time off
- You’re trying to do too many things at once + wearing all the hats
It’s exhausting just thinking about it! But there’s a way off the hamster wheel!
If you’re overwhelmed, overworked, stressed out, and worried that if you take time off the bottom will fall out from beneath you and your business will fall apart.
Then, you are in the right place my friend, been there, done that, got the tee-shirt and I’d love to support you in ending the cycle!