High Quality with The Inexpensive Price is The Way

Author: Celia| Keywords chosen by Celia

                                        
Most of the retail giants found their development way by selling products of both high quality and inexpensive prices, which were called “price spoilers” over the past years. 

Products of high quality and inexpensive prices do not mean the absolute low price but the cost-effective one. In a specific manner, it promotes transactions by the high-class product quality and affordable prices.  


Take XIMIVOGUE as an example. Its products are priced between USD 1 and 10, which were sold at nearly three times or higher in other stores, with similar quality. 

How can local retail enterprises achieve high quality at inexpensive prices? Here we would like to list out some tips. 


1. Integrate supply chain and improve direct procurement

This is the easiest way for most of the retailers at present. Specifically, to promote the flattening of supply chains, develop a buyer system and conduct direct procurement. 

2. Develop own brands

Actually. there are still great development prospects for many fast fashion brands. It is reflected that products of self-owned brands are more attractive among consumers, with good profits as well. 


3. Reduce manpower costs

There are mainly two ways to reduce manpower costs. One is to cut down the number of regular staff and the other is to optimize the working time. It is the trend in the future.