Kentucky Wraps
Kentucky Wraps
Gino,
Incorrect. I never said the reason to know competitors pricing was for the purpose of underbidding them.
However I said knowing allows you to outbid in the scenario discussed above, when it makes sense.
My point of learning what your competition was charging for "similar products" was to understand what your local market rates are, and where you stand in that market, thus empowering you with knowledge, allowing you to make more money if there is more to be made.
It's a pretty basic business practice.
Incorrect. I never said the reason to know competitors pricing was for the purpose of underbidding them.
However I said knowing allows you to outbid in the scenario discussed above, when it makes sense.
My point of learning what your competition was charging for "similar products" was to understand what your local market rates are, and where you stand in that market, thus empowering you with knowledge, allowing you to make more money if there is more to be made.
It's a pretty basic business practice.