5 ADVANTAGES OF ONLINE DEALS With internet, communication between persons and firms has been enhanced Unlike in the past where distance was a barrier to trade, that is no longer the case and target clients of an organization can be reached with ease. 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. 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. 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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It is very possible for consumers to buy more of the product on offer due to the lower prices. In the same breath, new customers may be attracted to the product as well. This has the general effects on the company sales which grow due to increased purchasing patterns. Four, In order to capture the price sensitive consumers, it is very important for a company to introduce some online deals. This will can attract very many new clients and in the long run improve on profitability. 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. Finally, online deals like deal wiki need to be well thought out in order to capitalize on the many gains that come with such a strategy like increased sales, ease of product introduce growth in profitability and even sales.