Is Low Pricing the Best Sales Strategy?

[Nomad]

Low pricing can attract price sensitive customers but is it also the best selling strategy? Actually, low pricing can make customers doubt your product’s quality. They will ask how can someone sell for this kind of low price without compromising with quality. The best strategy is to sell high-quality products at fair prices. Low price doesn’t always bring in sales, people are willing to pay more for quality.

 

[eLdavis]

Indeed low pricing has it's advantages and disadvantages. I have a friend who lost some customers cause they said the price was too low, hence they doubted his service.