Save your environmental economic cycle - page 2.

barisbilgili

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Quote from: bangjoe on September 17, 2023, 09:01:02 AM

To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.
Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.

But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.

Because they are unable to compete on price with others, there is no other choice for them but to close it if we can adapt to the current situation where shops that used to sell their goods in the market also sell them online so they can survive to this day. I think what makes the culinary or vegetable business survive is because consumers prefer to shop directly for food and vegetables directly from traders because if they order online they can't see the goods they are going to buy directly because these types of goods cannot last long so the consumers more satisfied to shop directly from the merchant.

Yes, you are right, the type of goods you mentioned is that many people prefer to buy them online, perhaps the goods they are looking for can't be found near where they live or the goods they are looking for are more expensive.

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Quote from: Xcode7 on September 17, 2023, 01:26:22 AM

Quote from: bangjoe on December 26, 2022, 09:59:35 AM

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

That's true, but price competition makes consumers prefer to shop online, causing the local economy or local shops to continue to experience a decline in buyers. I also feel that where I live now, but again, everyone wants to buy in a place that is cheap and easy. and online purchases now make everything easier, making the surrounding economy worse because the circulation of money around is getting smaller.
I think this solution must be implemented by sellers who want to compete on price so that things like this don't happen again.

To be honest, it was quite sad, my thoughts at that time were very concerned about the state of the shops that were very crowded and then became very quiet and by forced the shop owner to close his business because of losing consumers.
Only the culinary and vegetable business that I notice to this day can still survive, although there is indeed an online shop but it is not very influential, because usually people buy food in the closest place, and I also pay attention to culinary MSMEs and vegetables also already have services Order delivery via mobile apps.

But for shops such as home furniture and personal needs such as clothing, skincare, etc. consumers have chosen to use online stores.

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Quote from: Arenga pinnata on September 17, 2023, 02:38:01 AM

Quote from: Xcode7 on September 17, 2023, 01:26:22 AM

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

Nowadays, every trader or businessman can no longer play with prices like before the emergence of online media such as online shops and the like. So price competition is currently very tight. And yes, traders who are able to compete on price are the traders who will survive. Currently, to become a successful trader, we even have to have the courage to charge cheaper prices than other traders. Even a small difference will be enough to attract consumer attention towards us. There is no need to make a sharp price difference. But yeah, make the price difference a little cheaper while still maintaining the quality that we offer. If we make a price difference that is too large, it will also be detrimental to ourselves.

I agree with you. The competition in the market skyrocketed due to the sudden boom of online shopping, especially amidst and after the COVID-19 lockdown. A big percentage of consumers started to be reliant on online merchants for their needs, not only does it provide a convinient door-to-door shipping service, online shopping also (for most of the time) posts lower product price compared to brick and mortar merchants.

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Quote from: Xcode7 on September 17, 2023, 01:26:22 AM

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

Nowadays, every trader or businessman can no longer play with prices like before the emergence of online media such as online shops and the like. So price competition is currently very tight. And yes, traders who are able to compete on price are the traders who will survive. Currently, to become a successful trader, we even have to have the courage to charge cheaper prices than other traders. Even a small difference will be enough to attract consumer attention towards us. There is no need to make a sharp price difference. But yeah, make the price difference a little cheaper while still maintaining the quality that we offer. If we make a price difference that is too large, it will also be detrimental to ourselves.

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Quote from: bangjoe on December 26, 2022, 09:59:35 AM

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

That's true, but price competition makes consumers prefer to shop online, causing the local economy or local shops to continue to experience a decline in buyers. I also feel that where I live now, but again, everyone wants to buy in a place that is cheap and easy. and online purchases now make everything easier, making the surrounding economy worse because the circulation of money around is getting smaller.
I think this solution must be implemented by sellers who want to compete on price so that things like this don't happen again.

Quote from: Davian144 on September 15, 2023, 08:21:07 AM

Quote from: asyakashi on September 14, 2023, 04:25:15 AM

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

You also have to explain who hasn't been able to adapt to the current market, because I don't think that happens to people who have been very experienced in the market for a long time. Because this is only possible for those who are still very new to the market so they still need adaptation, but for shop owners and traders who operate as retailers, they must already be very used to current market conditions. And even they always have quite mature calculations when they are in the market.

All of this comes back to price competition and when traders are not ready for that, there is a high possibility that they will go bankrupt.
I think here there is no role for anyone except the trader himself who can understand and comprehend the market situation.

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Quote from: xSkylarx on September 15, 2023, 05:11:22 AM

When I usually go to the market I tend to buy from those people that are selling their vegetables beside the road because that is more fresh and cheap than in the market that has stalls because those people are really in need of money and at the same time you are sure that it is fresh and cheap.

If you have spare land or even a backyard it is best to plant your own crops just to save money. If not you can go to the local market and it is better to buy from those individuals that have no stalls because they are the cheapest and also fresh.

As someone who lives in a big city, I live the worst version of this for sure. I do not have any land to plant anything because I live in a small apartment, it's less than 1000 square feet where I live, and there is no land here, I on the third floor.

On top of that, there are no people who sell stuff at the side of the road here, I have to buy everything at the market, which takes it from those farmers by paying very cheap amount, and not only that but they also charge a lot for us, all because they took the crop from the farmer and moved it here, and say that the driver and the truck and the gas to bring that food cost this much, which we all know didn't. So I earn less, and spend a lot more because of this and have no way out.

icalical

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Quote from: asyakashi on September 14, 2023, 04:25:15 AM

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

Not only inflation, yeah that might also one of the factor, but the more significant one is the disruption of the online marketplaces. Aside from a food product and other product that can be produced locally, online marketplace definitely is more interesting for buyers. Big company that produce the product can sell directly on that marketplace, if we compared to the local shop who buys the product from distributor, the price on online marketplace for certain product is much cheaper.

Davian144

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Quote from: asyakashi on September 14, 2023, 04:25:15 AM

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

You also have to explain who hasn't been able to adapt to the current market, because I don't think that happens to people who have been very experienced in the market for a long time. Because this is only possible for those who are still very new to the market so they still need adaptation, but for shop owners and traders who operate as retailers, they must already be very used to current market conditions. And even they always have quite mature calculations when they are in the market.

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Quote from: Crypt0Gore on September 15, 2023, 03:33:56 AM

You have a point, the only thing is I don't normally buy things in my country, because they are too costly, imagine seeing something on Amazon for 10$ and in your country it's 3x of the price, that is way too much, some people are using the advantage that many can't buy from outside country to sell goods in their own country, if they are been mercy with their own citizens they will have more customers.

The problem with such people is they want to make a bigger amount of money from a single product, I remember buying an RTX 3070 ti graphic cards for 1000$ in my country while its 700$ online, it's just ridiculous, now I don't want to buy anything within the country except food items.

I understand what OP is trying to say, but I do wish there is a way I can pass a message to sellers in my country too, if the profits they plan to make from an item is twice as the item itself then they will lose customers.

I also experienced the same thing, buying something from a local seller only to find the same products being sold by an international seller for a cheaper price (and we're not talking about 10-20$ less, we're talking half the price) and ever since then I first look at international sellers before local ones especially when I already have an idea of how expensive that product can be. As much as I want to help local sellers there are just some instances when the price different is ridiculous and I am not a millionaire who can't just turn a blind eye to that. I'm sure a lot of people understands and relates to that, I wanna help but I firstly need to consider my own financial situation.

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Quote from: MFahad on September 14, 2023, 02:23:45 AM

Quote from: boty on September 13, 2023, 12:31:32 PM

Producing good quality and prices in producing goods is very necessary in order to attract more consumers to buy the goods we produce and if we have produced good production and good quality, of course consumers will choose the goods we have produced. To save the economic cycle of the surrounding environment, I think there is a need for training for business people to be able to make good quality goods so that those in the environment choose to buy them from other places because the goods produced in their environment are not of good quality.

Price and quality really matters alot because if there is something which is less in price but quality is not good then people will not buy that. Sometimes higher price also attracts costumers because i have saw many costumers who just move towards those shops in which the price touch the sky.

Quality is preferred more but less price can attract poor people and those of wealthy people always think about quality but for them price price is not a major concern.

The words of sellers also have the power to attract the costumers in a case of physical shopping as we know that costumers will be more in those shopping site the seller of which has sweet tongue.

I think for those who don't have a problem with price, they certainly don't have problems with their finances, so if they want to buy something, of course they buy something that is expensive because if the price of an item is high, the quality is certainly good too. For every quality product, the price will of course be more expensive than for a low quality item, this is because the production process is different. It is true that in every shopping place sellers who are friendly with their customers make more sales than sellers who are less friendly with their customers, but there are also shopping places where the sellers are not friendly but their merchandise sells because there is no other place that sells goods like what they sell.

Dickiy

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Quote from: xSkylarx on September 15, 2023, 05:11:22 AM

Quote from: dothebeats on September 13, 2023, 11:05:30 PM

Now this is different, I've been talking about other products aside from produce when I initially replied to OP but I agree with you regarding produce. It is always best to go local as they are cheaper and they are also mostly fresh (this still depends on the kind of market and vendor you go to). Moreover, it is a good way to support your local farmers and fishermen, most of all the country's local agriculture. I especially feel this for my country as agriculture is the main source of living here, at least outside the greater capital/city. Essentially, if we are talking about produce then I have no doubt going for my local vendors for sure.

When I usually go to the market I tend to buy from those people that are selling their vegetables beside the road because that is more fresh and cheap than in the market that has stalls because those people are really in need of money and at the same time you are sure that it is fresh and cheap.

If you have spare land or even a backyard it is best to plant your own crops just to save money. If not you can go to the local market and it is better to buy from those individuals that have no stalls because they are the cheapest and also fresh.

Yes I know what you mean, you are doing a good thing, besides it is cheap and you believe that the vegetables look very fresh and also far from harmful fresheners then go ahead, there is no prohibition whatsoever. By doing that you are indirectly paying more attention to people who have businesses but are not too big or maybe they are just small traders who use the roadside places to make a living and there you have helped them by always coming to buy their wares, that's a good action my friend you have helped them and if there really is no problem with the vegetables you consume then continue.

And yes you gave good advice, because indeed in the midst of economic difficulties or economic decline now we inevitably have to do something that can sustain our lives in order to continue, by utilizing some empty land around the house and then planting some vegetables for consumption is a very good alternative to save costs. By farming yourself, it will save more on your needs, especially in terms of food. So the point is that in the midst of a bad economy, we must think hard and smart to find solutions to the problems of living needs.

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Quote from: dothebeats on September 13, 2023, 11:05:30 PM

Quote from: panganib999 on September 13, 2023, 03:13:25 PM

Going to your local produce has always been the best choice for me. Not only are they cheaper, you can also guarantee that they are fresh and straight from the farm/fisheries. I live near a coastal area, as well as a piggery so when I look for meat I don't go any farther. To some especially those that live in tight urban cities this may be a massive ordeal especially since most of these places are monopolized by large groceries and supermarkets, but if you're willing to take that 30 min. walk which you can also portray as your exercise for the day, you're getting the epic guarantee that not only are you getting fresh, cheap, and healthy produce, you're also making sure that you're fit and healthy on the way there.

There's a saying in my country: "Where there's a will, there's a way". In times when resourcefulness is necessitated, we gotta keep our brains fired up else we're risking losing those important few cents you know.

Now this is different, I've been talking about other products aside from produce when I initially replied to OP but I agree with you regarding produce. It is always best to go local as they are cheaper and they are also mostly fresh (this still depends on the kind of market and vendor you go to). Moreover, it is a good way to support your local farmers and fishermen, most of all the country's local agriculture. I especially feel this for my country as agriculture is the main source of living here, at least outside the greater capital/city. Essentially, if we are talking about produce then I have no doubt going for my local vendors for sure.

When I usually go to the market I tend to buy from those people that are selling their vegetables beside the road because that is more fresh and cheap than in the market that has stalls because those people are really in need of money and at the same time you are sure that it is fresh and cheap.

If you have spare land or even a backyard it is best to plant your own crops just to save money. If not you can go to the local market and it is better to buy from those individuals that have no stalls because they are the cheapest and also fresh.

Crypt0Gore

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You have a point, the only thing is I don't normally buy things in my country, because they are too costly, imagine seeing something on Amazon for 10$ and in your country it's 3x of the price, that is way too much, some people are using the advantage that many can't buy from outside country to sell goods in their own country, if they are been mercy with their own citizens they will have more customers.

The problem with such people is they want to make a bigger amount of money from a single product, I remember buying an RTX 3070 ti graphic cards for 1000$ in my country while its 700$ online, it's just ridiculous, now I don't want to buy anything within the country except food items.

I understand what OP is trying to say, but I do wish there is a way I can pass a message to sellers in my country too, if the profits they plan to make from an item is twice as the item itself then they will lose customers.

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Quote from: asyakashi on September 14, 2023, 04:25:15 AM

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

You know, it's rather perplexing why some threads here point fingers at inflation. In reality, if we can channel our creativity into generating more income daily, we can easily offset the losses caused by inflation. For regular folks like myself, inflation tends to have a greater impact on financial aspects that don't fluctuate as much, such as investments. The truth is, we simply need to put in a tad more effort to cover the value eroded by inflation.

I'm not attempting to condone inflation, but it's worth considering that we can each seek our own solutions to address it. Avoiding it may be prudent, but taking on the challenge and conquering it can be more rewarding and fulfilling.

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Quote from: asyakashi on September 14, 2023, 04:25:15 AM

I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

I see today the retail store is getting quiet, so there may be influence from inflation, but I think more focused on consumer behavior, maybe the conversation will expand because it will involve primary and secondary needs which today are available in online stores and e-commerce monopolizes the whole This market is by offering a cheaper price offer, this fund is what makes MSMEs, traditional markets or shops bankrupt.
I don't know who to blame, but indeed this is the impact of Pandemi that results in market magnification and shopping centers, new generation consumers prefer simple shopping behavior, and if I pay attention to old players who use stores are those who are outdated or can be said that They are disrupted by new players who understand digitalization.

I concluded this after going several times to traditional markets and shops around my environment and discussing them.

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Quote from: Davian144 on September 13, 2023, 07:55:03 AM

Quote from: legendbtc on September 13, 2023, 04:22:03 AM

In business, the customer is king, stores will know what to do and what strategy to best attract and retain customers. For me as a customer, I will only buy stores that benefit me, I cannot ignore my interests just to support a few stores around me. I want to do that too, but if they take advantage of our kindness for personal gain, is it worth helping them? No one wants to buy expensive, poor quality products, even from their relatives.

In any shop, the customer must be considered king because in general it is the shop owner who needs the customer, not the other way around. So shop owners are obliged to look after their customers and continue to provide super comfortable service so that their customers don't run away to other places. Apart from that, the shop must also show an attitude that can be liked by everyone so that its customers can continue to grow and cover as closely as possible matters of personal interest that can be read by everyone when they come to buy at the shop.

This is needed so that customers do not become suspicious of the interests of the shop owner, even though there is a hidden interest in continuing to attract customers so that he has more sales in his shop. But if the products sold in the shop do not have the quality we want, I also agree to stay away from the shop even though the owner is our own relative.

That's what I want to say, I have no reason to support the stores around me if they disdain customers, sell expensive products compared to the outside, and expect to receive support from the familiar. Many people who are trying to be noble will buy goods at the surrounding stores, but I seriously doubt that they would still buy them if those stores were more expensive and of poorer quality.

In business, we should sell what customers need, not what we have, customers need service attitude, quality products and competitive prices. Business people should know that, we should not expect people to support us when we do not have business ethics.

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Quote from: bangjoe on December 26, 2022, 09:59:35 AM

Hi, friends.

We are currently in a chaotic phase of global economic uncertainty, everywhere in the world is almost similar to this situation in terms of economy, energy scarcity, food scarcity and many others. but that's not what will be discussed with friends here.

A few days ago I was walking around the housing complex, and I noticed that a lot of grocery stores and other needs (conventional/retailers) had gone bankrupt, maybe this happened because prices were soaring even worse, and people prefer to buy from online stores instead of buying from neighbours, which causes the economy to slow down is undeniably this is the impact of the global economic chaos and technological advances.

If you are a person who has money to shop for daily needs, I suggest you buy from merchants around you instead of shopping online whose stores are far from your place. This must be done to turn the wheels of the economy in your neighbourhood and save them from bankruptcy, at least you give them space to live.

Possible reason is due to pandemic they can even sustain their business because of the lack of customer or they cant compete with other product sellers, there are a lot of possible ways reason why they bankrupt their business, another thing is the economy right now are in the post-pandemic most of the business backs again with their starting point and I guess with the use of online shopping there's no wrong with here still the user are buying the things they need that contributes to the market, reason why they are doing this is because the convenient they can easily manage to buy all the things they need without hassle and just wait to deliver unlike seeking it through different stores. It is part of the economy that people who cant adopt will be left behide.

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I believe this is due to inflation. but apart from that, the management is also to blame for this because even though inflation, financial management, capital and the supply of goods must really be at the right calculations, if you miss this, it is possible for the retail store to go bankrupt. Apart from that, maybe they can't adapt to the current market.

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Necessary items that can be obtained from our neighbors should never be purchased online or from a distance. A good relationship will develop between you and your neighbor when you purchase any necessary item from your neighbor. If we buy the things we need from other places instead of from our neighbours, then the business will never be successful. Suppose your neighbor has a grocery store, but instead of buying any product from your neighbor, you buy your necessary products online, then it will be seen that your neighbor grocery store goes bankrupt after a few days and he is giving up his business. So buy goods from neighbors and make them economically viable.

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A hot topic in my country right now is the allure of online businesses, particularly those selling on marketplaces, due to the availability of discounts and free shipping. Many stalls and stores in my vicinity indeed struggle to sell their products daily, as a substantial number of people prefer online shopping.

In my view, it all comes down to their mindset, where they need to harness the potential of online product sales features to expand their product offerings further. Uploading product photos and setting price tags might broaden the audience they can reach.

As for some stalls dealing with products that may not be suitable for online sales, such as vegetables, fruits, eggs, and the like, I believe they aren't losing their market. I don't reside in the city center, and neighborhood convenience stores still serve as the primary destination for purchasing essential foodstuffs.

Topic: Save your environmental economic cycle - page 2. (Read 1605 times)