Business
•
www.fastcompany.com
•
7 hours ago
Premium brands don’t win on Amazon by chasing discounts
💡
Why This Matters
Entrepreneurial stories like this show how innovation and determination can create positive change and opportunities.
The fastest way to destroy a premium brand on Amazon isn’t a bad product page. It’s a 20%-off badge that never comes off. That is where many brands get into trouble. Sales soften, competition heats up, and promotions start to feel like the simplest way to keep momentum going. The short-term lift may look encouraging, but the longer-term effect is harder to reverse. Shoppers begin to expect a deal, full-price purchasing becomes less common, and the brand gradually conditions its own customer to wait. Premium brands do not build healthy Amazon businesses by training customers to buy only whe...
Read Full Article at www.fastcompany.com
Original story published by www.fastcompany.com.
Peanutlife curates and shares uplifting news to brighten your day.