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Index
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commodity exchanges. Buyers bid and sellers ask. The exchange of product
for cash happens when a bid price equals an asking price. Depending on how
large the buying and selling pressures are, prices for a stock or commodity rise
or fall.
Order now -> http://myps.sitesell.com/
Make Your Price Sell!
1 7
Dynamic pricing is the next stage of e-commerce development. Soon,
dynamic pricing applications will be the best means to achieve competitive
advantage -- a product will be priced the way a stock is today. And it will
change the face of transaction-based sites forever. This subject is covered
in more detail in Chapter 6.
And there you have it... millions of years of pricing history in less than two
pages! What does the future hold?
Let’s consider two kinds of products...
1) Commodity -- a commoditized product has lots of competition. Usually,
there’s nothing that differentiates it from its competitors. You compete on price.
Watch for the Net to force your margins to be razor-thin. Bots will haggle with
you, one-to-one, and aggregated demand and markets will ultimately beat you
down when they get around to bidding and asking on your products.
Those who execute best will win this war. Source efficiently. Manufacture just
in time. Lazer-speed inventory turns. Proficient distribution.
It’s a brutal way to earn a living. So differentiate yourself and sell...
2) Proprietary product -- it is an original product with new and valuable
benefits. The innovation can be in the product itself or in the marketing of the
product, preferably both. How to do this is beyond the scope of this book,
unfortunately. Remember, it ’s just a crash course.
Product development is well covered in these two SiteSell books...
1) Make Your Site SELL!
2) Make Your Knowledge Sell!
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