Hi there everyone,
I had a conversation with a friend of mine today who is in the restaurant industry.
He was explaining to me that they use loss leaders (a product you lose money on to attract clients to your business to try and sell your other products).
For example offering a dish for less than cost to get people in the door, then having different variations of the dish for full price.
This got me thinking in terms of applying this in online businesses, do any of y’all do this and if so what different ways have you applied it?
Best regards,
-Kepler
I had a conversation with a friend of mine today who is in the restaurant industry.
He was explaining to me that they use loss leaders (a product you lose money on to attract clients to your business to try and sell your other products).
For example offering a dish for less than cost to get people in the door, then having different variations of the dish for full price.
This got me thinking in terms of applying this in online businesses, do any of y’all do this and if so what different ways have you applied it?
Best regards,
-Kepler
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.