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LIKHITH
ย โขย
Medialย โขย 11m
BUSINESS = PROFIT !? Well, Not really The real product isnโt what you buy โ itโs 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 โLoss: Console โProfit: Games, in-game purchases โ Printers โLoss : Printer hardware โProfit : Ink cartridges โ Razors (popularly known as Gillette model) โLoss: Razor handle โProfit: Replacement blades โ Freemium apps/Games โLoss : Free version โProfit : In-app purchases, Subscriptions โ Coffee machines โLoss: Coffee machine โProfit: Coffee pods/capsules โ E-Book readers (Kindle) โLoss: Kindle device โProfit: E-book purchases โ Fast food value deals โLoss : โน99 burgers โProfit : Fries, coke, add-ons etc โ Electric toothbrushes โLoss : Cheap toothbrush โProfit : Replacement brush heads Smart businesses don't just sell products, They build ecosystemโก๏ธ Like + follow LIKHITH for more
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