Post on Medial

2024-05-03T16:57:39.384Z

1. Users who feel they're working with a fixed price, so they're not cheating us. 2. If a user tries to reduce the price just because it's out of budget, obviously they're not consumers at this moment. Genuine consumers believe in fixed prices and are satisfied after the purchase. However, if you provide a negotiation option after purchasing, users don't feel satisfied and always think, 'If I put more effort into negotiation, maybe I can get a better price.' Their focus shifts to negotiation instead of experiencing the product/service. Results: 1. Low satisfaction ratio 2. Trust issues (why they offer cheaper price does they will give proper or original service/product to me?) 3. Low Repeat customer rate For any company or startup, customer trust and satisfaction are more important for growth.

Niket Raj Dwivedi
•

Medial • 14d

Share your answer for a chance to win the book Deep Work by Cal Newport. Go! Deadline 11:59 pm tonight.

Mr Z
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Medial • 14d

I would start a Social Commerce Platform integrating e-commerce with social media, enabling creators to sell products via shoppable videos and live streams, empowering creators and redefining digital commerce for the creator economy.

Anonymous 6

Stealth • 13d

That's the future.

0 replies

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