Sunday, June 7, 2015

Boosting Bot Sales, Part 1

Hi Everyone!

I have been spending a lot of time looking into the most popular bots and how they are the most successful.

Over the years I have talked to many business owners who raise prices, and raise them more. They are selling an identical product to competitors but think they will make more money per sale with higher prices.

I hope everyone is familiar with economics because I'm not going over the dynamics of a nearly perfect competition market (about as close as can be had to perfect competition.) That's a topic for another day, and it's so big that I could spend a year on it.

The bottom line is that you make the most money by selling at market price. But what else can we do besides sell our cards at market price to boost profits?

How about sell cards for less than market price? What? I'm crazy? No, let's think about it, if we lower the prices we will make more sales. If we make more sales we have more transactions, there's a chance word will "get out" about your low price bot and send sales skyrocketing.

In addition to lower prices, buy prices should be higher also. As an incentive to get people to sell the cards to your bot army.

I have seen some of the most popular chains online that all have one thing in common, low sell prices and high buy prices (relative to competition).

Think of any reduced profits per sale as a marketing expense.
for the sale.

No comments:

Post a Comment