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> As businesses cut costs, those are opportunities for products and services which enable efficiency. This is key. Innovation aside, if you can simply provide
by axlee 4y ago
> As businesses cut costs, those are opportunities for products and services which enable efficiency.
This is key. Innovation aside, if you can simply provide comparable services at a lower price point, the downturn just increased your customer base tenfolds: nobody is looking too much at cutting costs when things are looking up. Find niches that got too greedy over the past few years, and undercut them.
- daniel-cussen 4y agoThat's happening to me, I'm peddling the exact same thing at half the cost, and it's verifiable. You can just check that it's correct in a second with a laptop, after computing it for several hours on thousands of machines. https://www.fgemm.com https://www.fgemm.com, coming soon.
- lelanthran 4y ago> You can just check that it's correct in a second with a laptop, after computing it for several hours on thousands of machines. Sounds like some blockhain thing - easy to verify, hard to compute.
- gls2ro 4y agoI think this sounds good when you think about a very small nieche, but if you think about global market, then in a recession as many companies go bankrupt, then there are few chances to find cheap providers so that what you offer will stay at lower cost. I hope to be wrong about this as I would like very much to see some lower prices in some areas.