As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Value Investing
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Thursday, 7 December 2017

Not Giving Discount Anymore!


Read? TIP - To Insure Performance? Not Really For One Time Effort Job


 In the business world; giving discount is win-win. Buyers are happy with their discount and Sellers increase their revenue.

 Initially, Uncle8888 is also happy to give discount for win-win situation; but after sometime he realized that he is not chasing for more revenue why gives discount! 

 You want. You come. No discount! 

 Surprisingly some still don't mind! Strange!
Posted by Createwealth8888 at 08:47
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2 comments:

  1. Singapore Man of Leisure7 December 2017 at 09:05:00 GMT+8

    CW,

    Giving tips is a sign of "I have enough" mentality. You have met those staying in landed and private condos but have a mentality of "lack" right? Not even offer a glass of water... (They see you as menial labour)


    Not giving discounts is a position of strength. Like those hawkers who yell at their customers, "Cannot wait; don't wait!"

    Customers who are willing to pay full price to get good service are "tipping" ;)


    ReplyDelete
    Replies
    1. Createwealth88887 December 2017 at 09:20:00 GMT+8

      May be these customers are thinking why let platform's owner takes the cut/commission. Yes. They are indeed "tipping" with the cut/commission.

      Delete

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