3 Oxymorons In Business You Must Understand

  • 📰 ForbesWomen
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

When venturing into business, many have assumptions about what entails business success and what entails business failure. Business and entrepreneurship are scattered with various oxymorons that you can only really learn from experience.

We often think that what gives us a competitive advantage is in the price of what we sell. If we can beat our competitors by offering a lower price, why shouldn’t customers choose us, right? Well… wrong, sometimes. In fact, pricing less than what you should may cause your customers to undervalue what it is that you have to offer. Writer Dorie Clarkarticle a story from author Kevin Kruse.

Of course, this story doesn’t mean you should be outrageous with your price quote, but find a fair market value and ask for what you’re worth — whether it’s a retail price for your product or a price for coaching or consulting with you. How you price yourself sets the bar for how others can judge your level of quality. It’s not always a deterrent.We also may think logically that if a business has a clear value proposition, there’s no reason customers won’t buy.

that we actually buy based on emotion, then mentally justify our already-decided emotional decision with logic. So, the question becomes, how can you appeal to a prospect emotionally? by Beth Standlee get to the heart of how to effectively emotionally resonate with a prospective buyer — and a meaningful connection and conversation may be a surefire way there. While we think people buy because of the features and benefits of a product, it’s much deeper than that.

These oxymorons get to the heart of what business really is: based on human connection, perception, and emotion, that sometimes circumvents logic entirely.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 477. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hood By Air Is Back to Save the Fashion IndustryThe groundbreaking label that 'few understood' has finally ended its hiatus.
Source: wmag - 🏆 723. / 51 Read more »

Business Insider webinar with one-click checkout startup Fast - Business InsiderJoin us today at 1:30 p.m! Business Insider payments reporter Shannen Balogh will speak with Domm Holland, Fast's co-founder and CEO, about how he came up with the idea for the company and Jan Hammer, general partner at Index Ventures. This is DOA
Source: BusinessInsider - 🏆 729. / 51 Read more »