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Farm Building and Infrastructure
Rural Diversification
What do you think the best form of diversification is?
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<blockquote data-quote="Clever Dic" data-source="post: 495886" data-attributes="member: 2283"><p>Find a product in which you set the price and therefore not a commodity it removes one of the variables that can cause failure. Don't stack high and sell cheap it leaves too little margin and somebody will always try to undercut you. Don't sell on price but on quality and service and make sure you keep those standards. There are people that will pay a good margin on a product if it is exactly what they want when they want,there are some wealthy people out there who the price is not the first question. Don't screw a customer even if you think you can get away with it ,if it takes 20% effort to maintain a customer it takes 200% to get a new one.</p></blockquote><p></p>
[QUOTE="Clever Dic, post: 495886, member: 2283"] Find a product in which you set the price and therefore not a commodity it removes one of the variables that can cause failure. Don't stack high and sell cheap it leaves too little margin and somebody will always try to undercut you. Don't sell on price but on quality and service and make sure you keep those standards. There are people that will pay a good margin on a product if it is exactly what they want when they want,there are some wealthy people out there who the price is not the first question. Don't screw a customer even if you think you can get away with it ,if it takes 20% effort to maintain a customer it takes 200% to get a new one. [/QUOTE]
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Farm Building and Infrastructure
Rural Diversification
What do you think the best form of diversification is?
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