Mika
VIP Contributor
You can generate sales by running ads. If your ad reaches the people who are genuinely interested in the product and service you are selling, you can generate sales. However, advertising costs money and when you are spending money on ads, your cost price increases, which will ultimately increase your selling price, and when the price is high you might not be able to sell as much as you want. You also need to keep in mind that your product is priced less than your competitors’ price and also less than the price of a similar product.
If you do not want to raise your selling price, you will have to keep your profit margin low. If your profit margin is low, you will have difficulty recovering your advertising cost. You will have to sell in volume in order to generate good profits.
Therefore, running ads for generating sales might not be considered the best strategy for selling your products and services.
If you do not want to raise your selling price, you will have to keep your profit margin low. If your profit margin is low, you will have difficulty recovering your advertising cost. You will have to sell in volume in order to generate good profits.
Therefore, running ads for generating sales might not be considered the best strategy for selling your products and services.