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5 REASONS FOR INITIATING ONLINE DEALS With internet, communication between persons and firms has been enhanced More so, the world has become a global village and distances is no longer a major consideration in reaching the target clients for an organization. The cost of accessing the target online consumers of the firms products has gone down because a big number of clientele can be reached with ease and at a lower cost. Deal wiki type of promotion plays a great role in pushing a product to a target group of customers. There are so many advantages of introducing deal wiki to the company and its products . one, upon building of the brand royalty with the help of deal wiki, accompany cut the cost associated with new product introduction because it has consumers who believe in their products already.
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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, company sales tends to increase due to online deals such as deal wiki because of the lower prices that are on offer for the products. Ordinarily, consumers buys more in order to take advantage of the limited offer. Further to that, non-traditional consumers of the products tend to shift from their brands in order to gain from lower pricing. Four, it is possible for a company to grow its profits simply by introducing some online deals that tend to attract price sensitive customers who have no brand loyalty since their main motivation is pricing only and for such clientele to be always attracted the business will need to keep on introducing deals on the market. 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. In conclusion, it is imperative for a company to be innovative while coming up with online deals like deal wiki in order to enjoy the enormous advantages that come with such an initiative like increased sale, brand loyalty, reduced cost associated with high stock levels and improved profitability.