Here my tips on winning
In sales:
-I go only for products which can make double or triple profit, (I compare an average city price for product and price for available product from suppliers.)
- when doing market research I check what part of the market share belongs to local suppliers , if more then 55% , I take their average price as a guidance, if market is taken by other players I take their average price for guidance.
- I open shops in city centers and fashionable districts with the wealth level of 500 and higher. Poor cities sometimes have very high average price on products but it does not sell at all even at a half price.
-China and Norway have unsaturated markets. Some rich cities in other countries might have unsaturated markets as well, I look for them.
-I go for expensive products they are saving my time.
Setting prices:
if my quality is 1 - 1x(average city price with quality 1).
if my quality is 4 - 2x(average city price with quality 1).
if my quality is 9 - 3x(average city price with quality 1).
if my quality is 16 - 4x (average city price with quality 1).
When market is saturated and average price is set with quality more then 2, I use this calculation:
low wealth level city: price=1.5/average city price*(quality of my product/ city average quality)
middle wealth level city: price=average city price*(quality of my product/ city average quality)
high wealth level city: price=1.5*average city price*(quality of my product/ city average quality) |
