8 Pricing Strategies Explained

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@chaydua 4 жыл бұрын

I have seen all your videos and i have learning and started importing good and thank you so much for your clear information. 😇😇 bless you

@NishaMenonBusinessTalks 4 жыл бұрын

Thanks a tonne Chay. Pleased to hear that you are learning. Wish you all the best!

@Grace-W 4 жыл бұрын

@ DJ Chay, did you start as an import agent or as a distributor?

@dikshabansal9147 4 жыл бұрын

Thank you so much Nisha for picking the desired topic 🙏 As usual very informative and knowledgeable content to proceed the entrepreneurial journey. Thanks again😊

@NishaMenonBusinessTalks 4 жыл бұрын

Thanks a tonne for the lovely comment Diksha 🥰

@lokeshchandaliya1375 4 жыл бұрын

Fabulous Nisha I learnt pricing the hard way loosing a business but m not giving up next business I'll strategize it

@NishaMenonBusinessTalks 4 жыл бұрын

Thanks Lokesh! Yes totally agree... we all learn a lot of things the hard way in business! I love the quote FAIL is the First Attempt in Learning. Wishing you all the best😊

@Grace-W 4 жыл бұрын

Hi Nisha, thank you for the time you take to make this videos, they are invaluable and have inspired me to look into starting an importing business. For someone like me without a large capital, do you think it's best to start as an agent finding buyers in the UK for products from non EU countries or is it best to start as a distributor? If I go the route of a distributor, should I get the products packaged from source to save money? One other thing, what is the difference between an importer and a distributor?

@NishaMenonBusinessTalks 4 жыл бұрын

Hi Grace, Extremely pleased to hear that my videos have been inspiring you♥️. Regarding your business route, it depends on your personal strengths and contacts. A commission agent basically will be a middleman between the supplier and the buyer. And you can negotiate the % of commission. If you have enough contacts to connect, then this could be the route. You should always remember to make a contract mentioning that you will be their commission agent and that the buyer and seller aren't permitted to deal directly. If you are good in sales or building customers, you can be an importer and stock products according to customer's orders. Customers can be distributors and wholesalers. An importer imports the products from the supplier country into the UK. A distributor will be in charge of distributing the products to the customers in the UK(B2B mostly). They will stock several brands for distribution. So will have a good portfolio of customers.

@NishaMenonBusinessTalks 4 жыл бұрын

Thanks a tonne for watching! 😊 Do let me know in the comments below which strategy you have used in your business!