IBC Shivshankar Mirge Bada Business Shegaon

25/09/2021

24/09/2021

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In this video, Mr. Ramchandra Agrawal, Chairman & MD Of V2 retail store, explain how a retailer can grow his business by using different strategies, tips and tricks.

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⚪️ Business Principles for Successful Entrepreneur
👉 Team Building
👉 Discipline
👉 Proper Planning
👉 Technology
👉 Review Machanism
👉 Cash Flow Management

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1. Product
2. Product Value
3. Cost Control
4. Technology (ERP)
5. Review Machanism
6. Retail Store Operation
7. Supply Chain
8. Zero Working Capital Debt-based Expansion.

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• Decide which product you should display and sell at a particular time.
• Control your cost to provide products to your customers at cheaper prices.
• Take the help of technology to manage your business operation.
• Develop a strong business model.
• Don't take huge debts that you won't be able to payback.
• Develop a review Machanism in place to monitor your business processes regularly.

In this video, Mr. Ramchandra Agarwal, the Chairman & Managing Director of V2 Retail Store, explains how a retailer can grow his business using different strategies, tips, and tricks.

23/09/2021

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In this video Dr. Vivek Bindra, Founder and CEO of Bada Business Pvt Ltd. Explain how to Monopolies the whole market.

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A customer ask gor a discount only under two conditions
(i) When he has options, and
(ii) When he has objections.

• If You are selling what others are also selling then a customer may or may not buy from you.
• The customer is finding faults in your products/services, he might not buy from you. And he will ask for discount.

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• If you can eliminate "the options and objections" association with your products/services in the market, you will never have to give any discount and your Market share will be increase.
• If you are doing something unique, then the entire market share will be yours.
• It will also help you to create monopoly in the market.
• As, there are hardly any other options to challenge your products or services.
Therefore,
• Figure out the objections the customer has against your products or services.
• Save yourself from giving discount and increase your Market share by killing the options and objections.

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• One common mistakes that every Entrepreneur or an organisational leader in their life does is trying to sell your product or services to the customers "outside your target audience".
• Sometime you don't really pay attention to the fact that every product or service has a "specific client" base.

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1. Intellectual Property Rights
2. Patents and Licencing
3. Distribution Network
4. Exclusive Rights
5. Economies of Scale
6. High Capital Investment
7. Proprietary Technology
8. Excellent Customer Service
9. Brand Equity
10. Trust Beyond Logic
11. Ongoing Innovation
12. National Sentiments
13. Subscriber Base (membership, Reward points)
14. Product Differentiation
15. Market Responsiveness
16. Manufacturing Efficiency
17. Trade Secret
18. Contract Based Agreement
19. Customer's Cost of Convenience
20. Accreditations and Certifications From Regulatory Bodies.

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LinkedIn... https://www.linkedin.com/in/shivshankar-mirge-4b7a111a2
Contact No. 9322864711

https://j.mp/3xIHoJC

Eliminate 'Options and Objections' to your product/service, Identify your perfect customer, Identify your portfolio of product/service, and Create Monopoly in the market.

21/09/2021

network Effect is power for your business.


By using *NFX* ( Network Effect) company like WhatsApp become a million dollar company

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Customer One - C1
Customer two -C2
Customer Three- C3
Customer Four- C4

Gives Example Of IndiaMART
Rakesh Jhunjhunwala


1) Market place network effect
There will be
*Demand Side* - means consumer
*Supply side* - business owners

*2) channel partner network effect*
Called 3 side network effect
BUSINESS -> CHANNEL PARTNER > CUSTOMER

*3) communication network effect*
We are talking about the social network communication spread very fast

*4) content network effect*
Content network includes those who actually create the content.

*5) local Network effects*
Many people who must doing local business

Whenever you successfully implement NFX ( Network Effect) your business Two incredible things will happen

- business value increase exponentially

- cost to bring that user will only increase linearly.

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