How to Avoid Price Wars in the Ecommerce World: Why Your Competitor Is Your Friend

To avoid a price war and come out on top in the world of e-commerce, it's important to shift your perspective and treat your competitors as allies rather than enemies. This means focusing on differentiation, collaboration, and providing value to your customers in other ways, rather than engaging in a race to the bottom on price. By viewing your competitors as friends and looking for ways to work together, you can build a strong and sustainable business that stands the test of time.

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Entrepreneurship, Startup, Business Decision Edward Wong Entrepreneurship, Startup, Business Decision Edward Wong

Be a Satisficers, not Maximizer

In today's world, we are constantly striving for perfection in all aspects of our lives, from business to personal relationships. But is this pursuit of perfection always beneficial? In this article, we explore the concept of "Maximizers" vs. "Satisficers" and why making the shift from one to the other can have a significant impact on our lives. Drawing from personal experience and research, we provide practical advice on how to become a "Satisficer" and how this change in mindset can lead to improved decision-making and overall life satisfaction.

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