Market skimming works when your product is new with few or no competitors and the product brand is strong. If your pricing is too high, you run the risk of having a lot of dead inventory to deal with. And dead inventory is of little use to anyone. It just uses up space and does not generate revenue. To make matters worse, the older it gets the lower it is worth.What do you do in a situation like that? You...
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Market skimming works when your product is new with few or no competitors and the product brand is strong. If your pricing is too high, you run the risk of having a lot of dead inventory to deal with. And dead inventory is of little use to anyone. It just uses up space and does not generate revenue. To make matters worse, the older it gets the lower it is worth.What do you do in a situation like that? You...