Best Business approaches

Best Business approaches of industries!!

Best Business approaches of industries!!

Here is Greg Bear, a very good morning to all, wish you have a great day. Today I would be discussing about the expectation of a common man while purchasing any good irrespective of the company name and size.

Being a citizen, I expect to get my basic necessities at affordable price without much hassle. But another side of story tells that I am also an entrepreneur and have sound knowledge about business strategies which companies implement in order to success. As per my personal observation, I have seen many companies to gain good fan base when they enter in the market but soon after gaining popularity and customer’s trust companies increase the price of its products considering profits.

But there are exceptions as well electronic cigarette is the best example that comes to my mind. I have read a lot about electronic cigarettes, about its marketing strategies and the factors behind their growth. I have made this statement based on my personal experiences which many people like me also talks about on electronic cigarette review website.

With all the information gathered, one thing is very clear to me that this industry is focusing highly on customer satisfaction rather than on its own growth. Being a billion dollar industry, the price of its products is not increasing; the industry is focusing to establish a name in the market rather than on increasing prices.

Henry Ford once said “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” It seems best electronic cigarette brands such as V2 Cigs, Green Smoke etc are truly following the words. I wish the price of e cigarettes won’t increase in future as well it is a money saving device to me.