Do lower prices always mean more customers?

[deucher]

There are many business owners who think that if they lower their income, they will automatically get a lot more customers, but this is not true at all, and this opinion can even lead to a loss of business. After all, high prices are not always the reason why the client did not buy the product, and a low price, on the contrary, can push the buyer away from the purchase. What do you think?

 

[Good-Person]

There are many business owners who think that if they lower their income, they will automatically get a lot more customers, but this is not true at all, and this opinion can even lead to a loss of business. After all, high prices are not always the reason why the client did not buy the product, and a low price, on the contrary, can push the buyer away from the purchase. What do you think?

I do not think that if you lower down the prices, then you will necessarily get more customers. The fact of the matter remains that there are so many big businesses out there that have increased their prices. However, they also offer high-quality products as well.

 

[Henrywrites]

Your product should have that desirability before you can say that adjusting your price will bring more customers. If the customers don't find your goods worthy to buy, there is a low chance of you getting a customer to pay even when the price changes.

 

[Ja Sa Bong]

Customers will love products to be sold cheaper. They don't care if the prices are below cost of production, why should they care? It's not their business or loss. If prices are low and the product is of high quality, more customers will buy.

 

[Good-Person]

Customers will love products to be sold cheaper. They don't care if the prices are below cost of production, why should they care? It's not their business or loss. If prices are low and the product is of high quality, more customers will buy.

I think that lowering down the prices could definitely have some effect on sales. However, this may not mean that you will be able to target all kinds of audience. There are many people and customers who prefer a specific kind of product, no matter at what price it is being sold off.

 

[Ja Sa Bong]

I think that lowering down the prices could definitely have some effect on sales. However, this may not mean that you will be able to target all kinds of audience. There are many people and customers who prefer a specific kind of product, no matter at what price it is being sold off.

Having knowledge about your customers behaviour will inform the business owner early if his customers care more about the product prices or product quality. This information is what will be used in giving the customers what they want.

 

[Heatman]

No matter how much you lowered the prices of your business product and services, if your business product and services is still not of the quality customers need them to be, there is no way they are going to patronize your business even if it is the cheapest thing in the world.

 

[Good-Person]

No matter how much you lowered the prices of your business product and services, if your business product and services is still not of the quality customers need them to be, there is no way they are going to patronize your business even if it is the cheapest thing in the world.

Well, this is why I think that when you lower the prices, people with low purchasing power would be the ones who may be buying your products. People with a high purchasing power may prefer high-quality products.