It can be very discouraging especially if such person doesn't have strong conviction, he might start questioning his abilities. I remember when I started graphic designing, it was difficult getting client, I almost lost interest.
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That's true its called market penetration strategy. You use various means and plans to break into the market because you know there are other suppliers. And after enticing customers with lower prices and other benefits. You can then look at increasing prices to fit in your actual production cost.This is why many of the new stores start off with a sale in order to promote people to come to them and buy that product. Sometime what businesses do is that they take a risk, and they then sell it off with close to no profit at all, in order to beat the prices of the competitors and try to make it up with other items in the store or try to use this as a way to build a customer base which will then incrementally increase in the future until they have their desired profit margins.
Remember one thing in your life, initiation of any business is always hard and challenging.When you first started your business there is a period by which your sales are very low, and you are constantly trying to sell your product and promote your product, and you are constantly rejected by customers as well. This si natural part of developing a business and I think that every nbusiness that has been created has gone through this stage. It is either that people are not showign interest in yoru product, or sometimes the product can even sound too good to be true and therefore peopele become very skeptical of it and its use and therefore reject it out front.
Sometimes it is natural to reject those ideas which we do not understand and as humans we are creatures of habit and therefore we tend to go back to the same businesses over and over, and therefore it can be hard to change to another business, hence the constant rejection of the new business.
If you have ever opened up a business, how do you deal with custimer rejection in the beginning? What tactics do you use to maintain your composure despite rejections by the customer? And is persistence the key in winning over a customer or is this going to alienate your customer base even more?
It is very interesting to see that we do have a business idea however once we start to implemented we actually shift the power from us who is running the business in the first place to the customer. This is why acceptance is so important to me any business venture and being able to make it successful. And you are right in the sense that every rejection offers you a chance to learn and try and better your product or business idea in a way that makes it more beneficial for the customers.From the moment you have the idea for a business, you’re relying on the acceptance of others to help you make it happen: investors, customers, wholesale clients, press, social audiences, and influencers. Rejection may trigger unpleasant pain sensors, but ultimately, the experience can be beneficial if you can learn to see the bright side, or turn it into a powerful motivator.
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