Hi all,
I have been using business strategies to grow my business from the time I started in 2001. When my business was just in the introduction stage, I started using the price skimming strategy because I wanted to capture the premium product position in the market. When I had established myself in the marketplace, I knew I had to face stiff competition, so I decided to use the pricing strategy where I offered discounts to find new buyers and used loyalty rewards to retain my existing customers. I have also been thinking about using alternative channel strategy now because I have a website. If you are curious about all these business strategies, do read the article shared below.
https://www.business2sell.com.au/blogs/evaluation/types-of-business-strategies-for-business-owners
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