Key Takeaways : 1 - On marketplaces, you must target at least 3-4x prices to generate profit 2 - Focus on the right thing in business, those which moves the needle forward 3 - Focus on to reduce/cover your opportunity cost first 4 - At first focus on only those things which can give you faster growth 5 - And you need to get review as quick as you can 6 - Give an offer of gift or cash to gain quick reviews from customers
Lesson Learned: 1. Know time value of money and opportunity Costs. 2. People dont give online review for nothing, if they like the product they use it, and if they dont like they give review but that is bad review. Customers needs incentive for giving reviews. 3. Study the people/organization you are doing business with.
To counter this issue, review your product life cycle as described below: 1. Study the product industry thoroughly 2. Review and comparision with the competetive products 3. Self product evaluation in line with industry and rivals 4. Study the product life cycle 5. Self Brain storm on new and innovative ideas
"Dear Sandeep Maheshwari, I truly appreciate your insightful content on personal and business development. Your videos have been instrumental in shaping the way I approach various aspects of life and work. I believe that a series on customer psychology in marketing and branding would be immensely beneficial for businesses of all sizes. Understanding the intricacies of consumer behavior and the psychology behind their purchasing decisions is pivotal in today's competitive market. It would not only empower businesses to connect with their audience on a deeper level but also foster ethical marketing practices. I kindly request you to consider creating a series on this topic, as it could serve as a guiding light for countless entrepreneurs and professionals seeking to make a positive impact in the business world. Thank you for your continuous inspiration and wisdom.🎉
Passion is the energy that keeps us going, that keeps us filled with meaning, and happiness, and excitement, and anticipation. Passion is a powerful force in accomplishing anything you set your mind to, and in experiencing work and life the fullest extent possible.
THANKS FOR UPLOADING BUSINESS SERIES SIR PLEASE UPLOAD SERIES ON E COMMERCE BUSINESS I'VE DOING THESE BUSINESS THIS TOO AND YOU HAVE LINKED AND YOUR WAY OF SEE THIS BUSINESS IS DIFFERENT THEN OTHERS SO HELP PEOPLE BY UPLOAD A SERIES ABOUT FULL E COMMERCE SELLING BUSINESS SERIES . THANK YOU BIGGEST FAN SINCE 2017 AQDAS MALIK
Opportunity cost ka matlab hota h, ki agar Shah Rukh Khan, movie Advertisement sab karna choor ke baith jaye, aur 10 Rupaye me pen kharide aur 20 Rupaye ke beche, aur mahine ke 1000 bech de, to accountant kahega ki 10,000 Rs ka profit hua, lekin samajhdaar aadmi kahega ki ye to bewakoofi h, 😅 itne crore rupaye choor ke, yaha 10,000 rupaye kama ke kya fayada.
Superb sir.. algorithm strategies of marketplaces & study of p& L balance sheet of such companies ... i like this point ... thank you sir for sharing such a important point... you are great sir!!!
Sandeep sir, kya gehri baat boli aapne! Marketplace ki main kamayi commission se nahi, advertising se hoti hai! Meri bahot badi problem ka solution mil gaya is video se 🙏🏻
Hi sir aapne apne ek purane session me ankho k samne ek invisible layer ki baat ki thi , jiske karan hum ankho ke samne hai use Bina filter k , mann me Bina kuchh bole nahi dekh paate hai , jiske karan present se cut jate hai Aapne iske kuchh solution bhi batay tha like object or ankho ke bich ke space ko dekhna or kudd k ankho ko dekhna, I am suffering with attention disorder, my attention span is so less , I can't come to your session please help me out with this do a complete session so that I can overcome this. Observing breath and sound of silence help me a lot to this as I am listening it for last three years but still I am not completely overcame. THANKS FROM DEPTH OF MY HEART ❤️
Thank you so much sir, just only before watching your video I sent one Refund amount and was silently pondering over some thoughts regarding Returns only. But after understanding from you about the actual cost of doing business which is our One Month Salary from regular corporate job and understanding what's currently important in business depending upon our stages, I gained broader perspective and yes customers give reviews usually only if they have something to gain in benefit after it, I understood this in some time with experience hence have started incorporating such things in my early phases basically stage 1 of business ☺️ Thank you so much sir for these Understanding 😘😘
00:03 Facing problems with returns in our e-commerce business 01:59 Focus on reducing costs and maximizing selling price. 04:17 Focus on getting good reviews and overall rating for the product 06:12 Focus on improving product reviews for better conversion and business growth. 08:03 Focus on getting maximum reviews in the least possible time. 09:55 Encouraging positive reviews by offering incentives. 11:51 Understanding opportunity cost is crucial for business growth 13:34 Established means having good reviews for running profitable ads. 15:40 Understanding the net profit margin is crucial for long-term viability of a business Crafted by Merlin AI.
First comment 🎉 Sir pls go as deep as possible in your spiritual sessions, irrespective of whether people understand or not, we badly need that depth to develop our thought process and even go beyond thought. 🙏🙏
Bahot achcha sikhne mila hai is video se but ek qs . hai ki kya ecommerce business marketplace ke through karna chahiye ya fir apni khud ki website bana kar usi se start karna chahiye...kya sahi hoga ??
Prayers to Ma Durga that all Intelligent Souls may take Benfitsof this Magical Shakesperes intelligencewho is Born beyond limits Devi Ma Bless this Magic Hero
माँ दुर्गा स्वरूप सभी छोटी कन्यायों को प्रेम पूर्वक भोजन ग्रहण कराकर इनका आशीर्वाद प्राप्त करने का सौभाग्य प्राप्त हुआ। माँ दुर्गा की कृपा सदैव हमसब पर इसी तरह से बना रहे
क्या श्री गणेश जी की भक्ति से हमारा मोक्ष हो सकता है। मोक्ष प्राप्ति के लिए आदि गणेश अर्थात कबीर परमात्मा की भक्ति जरूरी है। अधिक जानकारी के लिए पढें पवित्र पुस्तक ज्ञान गंगा।
