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LIKHITH

ย โ€ขย 

Medialย โ€ขย 20d

BUSINESS = PROFIT !? Well, Not really The real product isnโ€™t what you buy โ€” itโ€™s what you keep buying โฌ‡๏ธ Check this out โฌ‡๏ธ Cinemas lose money on movie tickets but make it back through snacks like popcorn,nachos etc This is called "Loss leader Statergy" and it is used everywhere but we barely notice. Here are some examples โ–  Xbox /Playstation โ—Loss: Console โ—Profit: Games, in-game purchases โ–  Printers โ—Loss : Printer hardware โ—Profit : Ink cartridges โ– Razors (popularly known as Gillette model) โ—Loss: Razor handle โ—Profit: Replacement blades โ–  Freemium apps/Games โ—Loss : Free version โ—Profit : In-app purchases, Subscriptions โ–  Coffee machines โ—Loss: Coffee machine โ—Profit: Coffee pods/capsules โ– E-Book readers (Kindle) โ—Loss: Kindle device โ—Profit: E-book purchases โ– Fast food value deals โ—Loss : โ‚น99 burgers โ—Profit : Fries, coke, add-ons etc โ–  Electric toothbrushes โ—Loss : Cheap toothbrush โ—Profit : Replacement brush heads Smart businesses don't just sell products, They build ecosystemโšก๏ธ Like + follow LIKHITH for more

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