Asymmetric bets & flipping high ticket items for profit with Shannon Jean. Part 1 of 2. Ep. #038
The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs
Exploring the significance of reliable vendors and building trust with consumers
Finding a good vendor involves a lengthy process, including vetting multiple vendors, visiting them in person, and negotiating terms. Consumers are often hesitant to order from unfamiliar vendors due to the fear of scams. The power of a reliable vendor is evident when customers receive products as described and of high quality. Building trust with consumers involves showcasing social credibility through positive ratings, reviews, and features in reputable publications, ultimately leading consumers to choose a more expensive but reliable option over a cheaper, unfamiliar one.
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