Internet has made communication between individuals and organization to be easy. With advancement in communication modes, trade barrier occasioned by distance has been eliminated and therefore organizations can be able to easily reach the target clientele. Online communication to target consumers of company products is both fast and cheap By being creative, a company may extend a deal wiki for a certain product to the consumers for a particular day of the week or a month.
Deal wiki has so many gains to an organization and its products.
One, when firm consumers trust a company and its products, such a firm is said to enjoy the brand royalty. These assist the company in future because with trusting clientele, it becomes easier to introduce a new product and sell it with ease in the market.
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Two, minimizing breakages is possible when stocks are not piled up. More so, when the stocks are few, the cost of warehousing is generally reduced. In addition, with a small amount of stock, chances of theft are limited. All this is possible through the pushing of excess stock by use of deal wiki approach.
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Three, since consumers are attracted by online deals like deal wiki that offers attractive prices, chances of buying more than usual are very high. In addition, the non-traditional consumers of the products on offer tend to shift from their brands in order to take advantage of the lower pricing. These have the effects of increasing the sales of the company products.
Four, there are people who are normally very price sensitive. They are never loyal to any brand because their main motivation is normally the prices. Therefore, when affirm advertises some online deals, it’s likely to draw the attention of such individuals.
Five, anytime a new product is introduced by an affiliate of a group that has close friends, there are chances it’s acceptability rate tends to be high. This reduces the cost of introduction and more so the profitability of the company.
Therefore, it is important for a company to be innovative while introducing its product in the market. How it target to reach its consumers has a direct effect on the future sales, brand loyalty and profitability of the company. By planning well on the best approach to use when introducing the online deals like deal wiki, the company has the potential to tap into the many advantages that come with such product offering such as building of the brand loyalty, reduced cost of inventory handling and increased sales and profits level.