I read many articles about lower revenues this year. Yet, as a consumer, I am paying the highest prices this year comparing to the last 20 years. This is not only describing the Travel Industry prices, this is healthcare, living accommodations (rents), phone bills, cars and gasoline prices, new cars, and groceries, etc.
I am signing up with low cost deals like using phone services that cost me less than $10 per month because of the high rent I pay out. There are companies that show increased profits this year with these low cost plans.
Perhaps, large corporations should take out out the old fashion chalk board and erase their old Financial Statements of last year completely. Throw away last year's Annual Earnings Statements.
Now, write down with a piece of chalk, new Financial Statements, without the history comparisons to this year. Create a focus of retaining customers they have had for many years (with lower discount plans). Be proactive with these customers, instead of harassing with a collections staff about old stuff. If one brings in $1 a day by retaining a customer, that is $365 each year. I would be agreeable to buying a service or product for $1.
This assists both the consumer and people selling the goods. Make selling easy. Is this not a easy concept to follow?
New conversations. Preparing for rebound. Change.
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Thank you with your interest!