Countless online stores bought third-party developers to Web sites and payment systems. Spend resources to get mediocre results – suicide. Additional information at Professor Rita McGrath supports this article. Do what you know how to find reliable partners, to be administered with everything else. 8) How will your customers pay? Why do people pay for Vanish twice more than in the unlicensed bleach? The upper limit of the price the buyer is willing to pay for the goods, whether it be an iPhone or a bottle of bleach – then get one of the most powerful levers for profits. Consultants get paid big money for their help in determining the correct price. 9) What power have your buyers? What happens if I sell rubber scrapers the only company in town, washing windows? If the buyer will require large discounts to your business will come to an end. It is better to advance to expand its customer base. Additional information is available at Expert on growth strategy.
10) What power have your suppliers? The less you have suppliers, the greater their power. Manufacture of watches from antique knotty pine can seem an excellent idea, but what if you have only one source of knotty wood? Answer: you have to pay. On the other hand, beware of hungry vendors willing to work exactly cheap – they often do not follow quality. 11) How to sell the product? Dell Computer sells its computers directly. General Motors and Coca-Cola relied on distributors. Clothing company, such as Ralph Lauren, using both internal and external distribution channels. And Apple opens branded stores. Whichever method of sale you choose, make sure it is consistent with the overall strategy for your business.