Someone is developing products considering its value, price, marketing cost, various social media channel promotions, and finally determining its final cost. What will happen if any of this parameter changed?
An entrepreneur has many challenges and this is one of the big challenges. I have seen a mobile company withdraw its products from the market for a common mistake. Nowadays, social media plays a great role in the selection of products, countries’ policies, and also political systems. Peoples are connected and making a big force with social media.
Another interesting thing is that we can easily analyze social media for future aspects of the product. We can easily find out how much customer is willing to pay. Thanks, social media.