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1. Promote the product showing off the maximum good points about the product through advertisements, sales executives, leaflets or notices.
2. Providing offers like buy3 get1 or selling another product for free alongwith your product or vice versa.
3. Reducing the price of the product in comparision with rival product. By doing this the profit margin gets decreased. It should be done by market analysis.
4. Selling the product by following along with top brands in the market like for electronic product we have sony, panasonic etc and for food products we have maggi, nestle.
5. Reducing the unneccessary additional costs such as transportation, machining involved in the production.
Advertise, promote the product or allocate incentives for buyer.