INTRODUCTION
As business man, woman or person we always face the challenge of increasing demand and always looking and asking for what to do to increase customers demand for our product.
Source
Firstly, sounding it clear that for every product or commondities one want to embark on there is always about 80% assurance that product is already in the market, so then how do one gain the heart of people or customer to his/her product.
The following are expected to be done to increase customers demand:
Discounting
Discounting here as to with given customers a reduction in prices after purchasing some specific quality of product. Discounting is a financial mechanism in which a debtor obtains the right to delay payments to a creditor, for a defined period of time.
Branding
This involve the process of differenciating your product from others. It is a marketing practice in which a company creates a name, symbol or design that is easily identifiable as belonging to the company. This helps to identify a product and distinguish it from other products and services.
Packaging
Packing is the process of covering, wrapping or crating goods into a package. This is done for the purpose of delivering the product. It has to do with all those activities related to designing, evaluating and producing the container for a product.
Price regulation
In this aspect, it has to do with the act of given customers a considerable price to enable them manage and scope with the market.
Bonuses
This has to do with the an of appreciating regular customer. It is something good that you get as a regular customer in addition to something else, and which you would not usually expect.
Lastly, and most importantly is identifying customers need
This is very important in the fact that it's determine demand of product. Before you start promoting your business you need to know what your customers want and why because it's will help you know where to drive your production too.
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