Save your environmental economic cycle

[Xcode7]

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

That's true, but price competition makes consumers prefer to shop online, causing the local economy or local shops to continue to experience a decline in buyers. I also feel that where I live now, but again, everyone wants to buy in a place that is cheap and easy. and online purchases now make everything easier, making the surrounding economy worse because the circulation of money around is getting smaller.
I think this solution must be implemented by sellers who want to compete on price so that things like this don't happen again.

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

You also have to explain who hasn't been able to adapt to the current market, because I don't think that happens to people who have been very experienced in the market for a long time. Because this is only possible for those who are still very new to the market so they still need adaptation, but for shop owners and traders who operate as retailers, they must already be very used to current market conditions. And even they always have quite mature calculations when they are in the market.

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

[1715198871]

1715198871

[Arenga pinnata]

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

Nowadays, every trader or businessman can no longer play with prices like before the emergence of online media such as online shops and the like. So price competition is currently very tight. And yes, traders who are able to compete on price are the traders who will survive. Currently, to become a successful trader, we even have to have the courage to charge cheaper prices than other traders. Even a small difference will be enough to attract consumer attention towards us. There is no need to make a sharp price difference. But yeah, make the price difference a little cheaper while still maintaining the quality that we offer. If we make a price difference that is too large, it will also be detrimental to ourselves.

[dothebeats]

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

Nowadays, every trader or businessman can no longer play with prices like before the emergence of online media such as online shops and the like. So price competition is currently very tight. And yes, traders who are able to compete on price are the traders who will survive. Currently, to become a successful trader, we even have to have the courage to charge cheaper prices than other traders. Even a small difference will be enough to attract consumer attention towards us. There is no need to make a sharp price difference. But yeah, make the price difference a little cheaper while still maintaining the quality that we offer. If we make a price difference that is too large, it will also be detrimental to ourselves.

I agree with you. The competition in the market skyrocketed due to the sudden boom of online shopping, especially amidst and after the COVID-19 lockdown. A big percentage of consumers started to be reliant on online merchants for their needs, not only does it provide a convinient door-to-door shipping service, online shopping also (for most of the time) posts lower product price compared to brick and mortar merchants.

[bangjoe]

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

That's true, but price competition makes consumers prefer to shop online, causing the local economy or local shops to continue to experience a decline in buyers. I also feel that where I live now, but again, everyone wants to buy in a place that is cheap and easy. and online purchases now make everything easier, making the surrounding economy worse because the circulation of money around is getting smaller.
I think this solution must be implemented by sellers who want to compete on price so that things like this don't happen again.

To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.
Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.

But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.

[barisbilgili]

To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.
Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.

But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.

Because they are unable to compete on price with others, there is no other choice for them but to close it if we can adapt to the current situation where shops that used to sell their goods in the market also sell them online so they can survive to this day. I think what makes the culinary or vegetable business survive is because consumers prefer to shop directly for food and vegetables directly from traders because if they order online they can't see the goods they are going to buy directly because these types of goods cannot last long so the consumers more satisfied to shop directly from the merchant.

Yes, you are right, the type of goods you mentioned is that many people prefer to buy them online, perhaps the goods they are looking for can't be found near where they live or the goods they are looking for are more expensive.

[Woodie]

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

The problem is stores nearer to us are more likely to exploit you thinking you are paying for convenience, but we the customers know dame too well that buying items online usually means getting good deals that you can not pass and if this means saving a buck then online it is!!!

As of the economic cycle, don't you think every product has its life span , and seeing a decline in demand is normal as it could be a seasonal product or died a natural death as it becomes obsolete as a result of new products.

[TheSpiral]

When I usually go to the market I tend to buy from those people that are selling their vegetables beside the road because that is more fresh and cheap than in the market that has stalls because those people are really in need of money and at the same time you are sure that it is fresh and cheap.

If you have spare land or even a backyard it is best to plant your own crops just to save money. If not you can go to the local market and it is better to buy from those individuals that have no stalls because they are the cheapest and also fresh.

your job is great and instead of selecting fresh vegetables and fruits you are also helping them in selling of their fruits because most of the people prefer only those food which are present in shops.

I think we should help those people who are poor and they put stalls to earn money for their children. In market fruits and vegetables are so expensive that a person belongs to middle class family cannot buy it so if we focus on the seller who Put stalls so it will be beneficial for us to buy in affordable worth and will also be profitable for sellers.

Management of your own land to grow fruits and vegetables is completely advantageous but now a days people are so busy in their jobs that they have no time for gardening and agriculture.

[Pablo-wood]

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

The problem is stores nearer to us are more likely to exploit you thinking you are paying for convenience, but we the customers know dame too well that buying items online usually means getting good deals that you can not pass and if this means saving a buck then online it is!!!

Not just exploitations from this stores nearby but nowadays retail vendors have this mentality of offering their goods as services. What I mean is the threat their businesses as official place of duty sometimes giving out this impression that they are entitled to the buyers money and the buyer don't have a choice but to accept what ever goods they have not minding if the buyer is satisfied or not.

As of the economic cycle, don't you think every product has its life span , and seeing a decline in demand is normal as it could be a seasonal product or died a natural death as it becomes obsolete as a result of new products.

I don't think the economic cycle have much to do with the life span of the product but rather the hike in price of this products. When the price becomes extremely unaffordable people will most likely look for alternatives or the might be forced to reduce their level of demand.

[Juse14]

To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.

Consumers never disappear and in fact consumers always increase, it's just that the number of competitors is increasing day by day. And you need to know that there is not just one clontong shop but many, so in maintaining a business like this you must always innovate to differentiate your shop from other shops. And what must be prioritized in a business like this is the service provided.

Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.

Wet food and vegetables are very risky if you have to sell them online because food like this rots quickly and when customers want to buy food they always want new and still warm ones and the same goes for vegetables, customers always want to choose vegetables that are still fresh, so they have to go directly. come to traditional markets or supermarkets.

But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.

Meanwhile, for the items you mentioned, most people choose to buy them online for reasons of time efficiency and practicality.

[Fuso.hp]

If we try and resolve, we can certainly help the various businessmen around us to develop their own businesses. We don't need to help them with financial transactions, just by buying and selling products we will be able to take their businesses to a better position. Every one of us has to buy necessary things on the way. If we buy those things from our neighbors, but easily they can earn money by selling products to us and with that earned money, they can improve their business. But when we our neighbors. I will not buy any product from him but slowly he will be weak in business and one time it will be seen that he is closing his business due to lack of customers. So if we try our best and buy the necessary products from our neighbours' shops then surely they will fare well in these difficult times.

[red4slash]

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

The problem is stores nearer to us are more likely to exploit you thinking you are paying for convenience, but we the customers know dame too well that buying items online usually means getting good deals that you can not pass and if this means saving a buck then online it is!!!

As of the economic cycle, don't you think every product has its life span , and seeing a decline in demand is normal as it could be a seasonal product or died a natural death as it becomes obsolete as a result of new products.

Yes, it's true, sometimes the price difference is also one of our considerations to decide which store to shop at, whether it's nearby or far away. The reason is quite simple, in the midst of our difficulties in making money also makes us think of shopping as economically as possible.

Talking about shopping online, now I also see something that is more difficult for online stores that are pioneering from scratch, yes in terms of competitors. In my country, many artists, influencers or more famous people are starting to enter the world of online stores, of course, the arrival of more famous competitors will bring some people to shop at their stores, because some people think they are more trusted, and usually they also dare to slash prices.

[topbitcoin]

Yes, it's true, sometimes the price difference is also one of our considerations to decide which store to shop at, whether it's nearby or far away. The reason is quite simple, in the midst of our difficulties in making money also makes us think of shopping as economically as possible.

Apart from talking about the price offered by a shop which is a consideration for us shopping there, there are other factors that can influence customers so that they (customers) can shop at a particular shop. Namely "service & comfort, where buyers always pay attention to this. So don't be surprised if customers prefer to shop at supermarkets compared to buying something at the market or at the nearest shop. And even though supermarkets provide relatively high prices compared to shops or markets, they will However, supermarkets have the advantage of friendly and excellent service. And apart from that, supermarkets always pay attention to the comfort of their customers, so even though the prices given are relatively high, supermarkets are never empty of visitors.

[Ayers]

Yes, it's true, sometimes the price difference is also one of our considerations to decide which store to shop at, whether it's nearby or far away. The reason is quite simple, in the midst of our difficulties in making money also makes us think of shopping as economically as possible.

Apart from talking about the price offered by a shop which is a consideration for us shopping there, there are other factors that can influence customers so that they (customers) can shop at a particular shop. Namely "service & comfort, where buyers always pay attention to this. So don't be surprised if customers prefer to shop at supermarkets compared to buying something at the market or at the nearest shop. And even though supermarkets provide relatively high prices compared to shops or markets, they will However, supermarkets have the advantage of friendly and excellent service. And apart from that, supermarkets always pay attention to the comfort of their customers, so even though the prices given are relatively high, supermarkets are never empty of visitors.

Price is really important, especially with the current difficult economic situation. But I also won't buy from a cheap store that has a bad service attitude or looks down on customers. I am willing to spend more money to get satisfaction every time I go to the market or shop.

Indeed, customer service and service attitude are sometimes more important than the price of the products we sell. I remember in business there is a saying "we sell what customers need, not what we have", and what any customer needs is kindness and a sales attitude.

[Jatiluhung]

Because in reality the shops near my place of work also provide online services. Orders can even be delivered directly to our home or workplace.

Price increases have not stopped at this time. And just yesterday I was surprised by the increase in wheat prices in this area. In fact, the increase is quite high. I even thought about it when the trader said the price.

If they're doing that then that's much better because you're helping them and at the same time, you're getting services that's near you and soon who knows if they'll give discounts or slash to their margin to their known loyal customers.

yep that's right. But I don't know what the condition of traders in other areas is. It's just that in the area where I work now, everyone is becoming more aware of technology and progress. So traders adopting the internet by opening online stores have become quite common. Although there are still some who have not adopted the online trading system. Well, we can shop more practically and also help the traders near us.

And actually having a physical store combined with an online store will increase the turnover obtained. Because the store's reach has also become wider. Even fast food traders such as processed snacks which are usually served as snacks, currently the majority here use a delivery system and order via applications and social media. Such as traders of cilok, chicken noodles, meatballs and so on.

[red4slash]

Yes, it's true, sometimes the price difference is also one of our considerations to decide which store to shop at, whether it's nearby or far away. The reason is quite simple, in the midst of our difficulties in making money also makes us think of shopping as economically as possible.

Apart from talking about the price offered by a shop which is a consideration for us shopping there, there are other factors that can influence customers so that they (customers) can shop at a particular shop. Namely "service & comfort, where buyers always pay attention to this. So don't be surprised if customers prefer to shop at supermarkets compared to buying something at the market or at the nearest shop. And even though supermarkets provide relatively high prices compared to shops or markets, they will However, supermarkets have the advantage of friendly and excellent service. And apart from that, supermarkets always pay attention to the comfort of their customers, so even though the prices given are relatively high, supermarkets are never empty of visitors.

Price is really important, especially with the current difficult economic situation. But I also won't buy from a cheap store that has a bad service attitude or looks down on customers. I am willing to spend more money to get satisfaction every time I go to the market or shop.

Indeed, customer service and service attitude are sometimes more important than the price of the products we sell. I remember in business there is a saying "we sell what customers need, not what we have", and what any customer needs is kindness and a sales attitude.

Service and comfort are important factors for a shop, it really determines whether customers will continue to come there or not. I am one of those people who sees that, when the service is very bad then I will not go back there, unless it is the only shop that has the items I want to buy. certainly will be disturbed when the service is very far from satisfying. And supermarkets do have that service that we need, even though it's like shopping a little bit, but they will still be with their friendly service. It must be different, because they also have SOPs.

If we are interested in venturing into this business world, then we must prioritize this. Because indirectly things like this are factors where the business we run can be more developed or not. Even large companies do not hesitate to pour a lot of money for employee training in order to become an attraction for consumers.

[|MINER|]

Since the time of Corona pandemic, people have turned to online shopping and it is still going on.  Most people now prefer to shop online.  But there are some special reasons for this.  Online shopping saves our time. Saves travel expenses.  People are now vulnerable to online because of various benefits.  But it is precisely people's over-attention to the virtual world that has become a cause of great loss to our retail traders.  There are many business people who are not aware about the online thing. They are more victims of it.  We should all think about it and buy from these helpless traders.  Again I will say that all people should keep pace with the times. Since now the customer demand is online based so the businessmen should know about online and do business in pace with the times.

[ndutndut]

Nowadays, every trader or businessman can no longer play with prices like before the emergence of online media such as online shops and the like. So price competition is currently very tight. And yes, traders who are able to compete on price are the traders who will survive. Currently, to become a successful trader, we even have to have the courage to charge cheaper prices than other traders. Even a small difference will be enough to attract consumer attention towards us. There is no need to make a sharp price difference. But yeah, make the price difference a little cheaper while still maintaining the quality that we offer. If we make a price difference that is too large, it will also be detrimental to ourselves.

Apart from the increasingly strong price competition as you have stated, in the end it is the strong who survive. But there are other things that must be prioritized in the business we run. In my opinion, apart from having to be able to compete on price, we also have to focus on value and communication which must be equally strong and prioritized, otherwise the price will remain fixed.

In my opinion, because in many cases in the field, for marketing, the communication is more exaggerated than the value of the goods, so people actually buy it but don't return it because they think the product communication is too excessive and instead of making a profit they actually make a loss, which is very bad for the future. the business we run.

[Arenga pinnata]

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.....

It is true that communication in marketing is sometimes another important thing that must also be paid attention to. Because I personally sometimes become interested in a product as a result of seeing the way a product is promoted with communication that is very good and easy to understand.

Through communication with customers, we can create better relationships with customers. Like making customers comfortable with our service. And we also shouldn't overestimate our products. It's better to say it as it is, but we have to include the uses of our product that will be very useful for customers.

So that our communication with customers and potential customers runs well. So we must pay attention to several principles in communication such as:

✓ Try to understand the audience / customers / potential customers. Like what kind of audience we are talking to. So that it is easier for us to understand the needs of the audience.
✓ Speak clearly and must be easy for the audience or customers to understand.
✓ Insert a story that can build emotion between us and customers. So that they are comfortable and feel like they have a special relationship with us. Which makes them more interested in becoming regular customers for our business.
✓ Use good ethics in delivery.
✓ Provide any solutions we can offer through the business we have to overcome the problems faced by customers.
✓ Re-evaluate every time we communicate with customers. Because we have to know whether the way we communicate is effective or not. And we need to readjust if we still feel that the way we communicate is not producing good results.
 ✓ And many other principles that are actually generally known.

[Rupok]

When countries like Sri Lanka have gone bankrupt, my country (Bangladesh) is currently in a chaotic stage of economic uncertainty, food shortages and economic disaster have arisen due to the daily increase in the prices of essential commodities.  Even almost worldwide, economic problems have become a major factor in many countries.  The government is now failing to maintain economic balance.  It has become very difficult for those who run grocery stores with little capital, because it is not possible to compete with the big stores on price, also supermarkets now offer various discounts for promotions, due to which the situation of small stores is getting worse day by day.

[terrific]

When countries like Sri Lanka have gone bankrupt, my country (Bangladesh) is currently in a chaotic stage of economic uncertainty, food shortages and economic disaster have arisen due to the daily increase in the prices of essential commodities.  Even almost worldwide, economic problems have become a major factor in many countries.  The government is now failing to maintain economic balance.  It has become very difficult for those who run grocery stores with little capital, because it is not possible to compete with the big stores on price, also supermarkets now offer various discounts for promotions, due to which the situation of small stores is getting worse day by day.

Many countries that have been dealt with economic problems and most of them are having hard time to recover.
Food security problems, inflation, financial crisis and all sort of those problems that are making a lot of noise to their citizens that causes them to rally.
It's not an easy problem that can be gone with just a day or weeks or even months for them to push the government to solve it.