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Join Date: Jun 2012
Location: Marble Bar, Western Australia
Thanked 1 Time in 1 Post
| | Re: Social Networking
Originally Posted by eStrategyPro.com
For me, I caution using the freebie bit as a long-term strategy.
If you are in a highly competitive industry where every company is using the freebie strategy, then sooner or later, all of them will face relentless downward pressure on price. This problem is particularly acute in the information/blogging industry where companies are giving out more and more free content to attract clients, customers and attention. Pretty soon, everyone start to give away their crown jewels. The end result- you work harder and harder and get less and less in financial return unless you happen to be the top-dog.
I agree with you on that.
But also, pricing within a market or field will fluctuate no matter what. Just like the stock market. Someone wil lget sick of making no money, and up their price for more profit, more will follow. etc
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