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How to reach higher profitability than the average of the profession?

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Question added by Nadjib RABAHI , Freelancer , My own account
Date Posted: 2016/04/15
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by Deleted user

To achieve a higher profitability than the competition you have to differentiate yourself. You have to offer something different that your customer base are willing to pay for.

 

As an example take the humble burger, you can buy a burger meal for 3BD from a burger chain, or you can buy a burger meal for 80BD from a high class restaurant. What makes you pay so much more for the experience in the high class restaurant, for essentially the same food?

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