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Another example is where you choose to introduce a product or service that the community has a really high negative demand toward it. You are more likely to put in a lot of effort trying to create a value for your offering hence, you will end up spending all your limited capital creating demand for a very long time without even making any sales. For that reason, starting up this way is going to be a huge disaster. So, in a nutshell, one must first conduct a thorough marketing research before taking that step to seel whatever they intend to. Thank you.
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Obviously, we all know that people have their own interests in every society. Pertaining to their believes and values and what not. Based on that, I would consider the interests of the people withing my enclave first, and then plan toward whether creating a value for what new thing I’m going to be offering them or joining to offer them what already exists within that enclave.
So, it actually depends on a certain demographic dispositions of the community basically. For example, in a society where the people have much value for eggs may appear to be a great opportunity to sell eggs, but the issue here is that there is someone whom the community hold some form of mutual allegiance to in a way that creates an everlasting bond of customer relationships which is so strong to the point that any attempt to introduce your eggs becomes subjected to boycotting somehow, although you may make some progress eventually, it will take a very long time to get your own loyal market.
Another example is where you choose to introduce a product or service that the community has a really high negative demand toward it. You are more likely to put in a lot of effort trying to create a value for your offering hence, you will end up spending all your limited capital creating demand for a very long time without even making any sales. For that reason, starting up this way is going to be a huge disaster. So, in a nutshell, one must first conduct a thorough marketing research before taking that step to seel whatever they intend to. Thank you.
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