Did you know that about 20% of small businesses fail during their first year? One key reason is ineffective marketing strategies. Advertising, sales promotion, and public relations (PR) are crucial…
Businesses frequently fail due to poor pricing strategies. Understanding how to price correctly can mean the difference between success and failure. Pricing is vital for a small business’s…
Statistics show that nearly 30% of small businesses fail within the first two years, often due to poor pricing strategies. Striking the right balance in your pricing is crucial. Overpricing can scare…
The choice of packaging can sway 72% of consumer purchasing decisions. It’s not just the product but how it’s presented that counts. For small businesses, cohesive branding and appealing…
In today’s fast-paced market, approximately 70% of new products fail. Understanding the product life cycle (PLC) can be the difference between success and failure. The PLC outlines the stages a…
Did you know that about 20% of small businesses fail within their first year? This statistic underscores the importance of effective positioning in a crowded marketplace. Business positioning refers…