As you know today its flipkart's The Big Billion Day where they are going to sell things at unimaginable price. Yes, it has started since 8 a.m IST. Flipkart must be counting money every second now. But do you know that you are being fooled ?
Yep, you are my friend. They are using a simple yet working strategy to make a whole lot of money. They must have made more than 1 crore profit right now. I'll break it down to you guys in the next few paras. They are manipulating you to buy a lot of products by reducing the rate but they are actually not reducing.
You people are all glad cause they are selling 16 GB pendrives for just 1 Re. and you are rushing but how many of you actually bought those? Why are those products out of stock soon? Yes, you may say that everyone has bought it out of stock but if you notice it has been stocked back after a few hours. It was back again online. Yes, flipkart is experiencing a minute loss by selling it for a single buck. Let us do some math, say 10000 people have bought the pen drive (which is not possible) the original rate of the pendrive be 500, they experience a loss of 5,90,000 that's huge ain't it. But there is the other part of it. People who are rich enough to buy certain high end products and are waiting for the offers are fooled. For example, check out the rate of this Samsung Note 3 below. They had a less price before and suddenly the rate spikes up but it remains the same in Ebay. They gain a profit of about 10,000 in a single purchase. as today is a offer many people would have bought it let us say at least 1000 people. So, they make a profit of 1,00,00,000 - 5,90,000 = 94,10,000 Rs.
Most importantly the Note 3 is not the only product which is experiencing an increased price than before. What they do is they have a price of 10,000 till yesterday and say change it to 17,000 today and make it as an offer to 15,000. they make Rs.5000 profit. We people are purchasing every second, guess how much profit they might have made. There are a lot of product experiencing this price fluctuation. Check out the below photos.
This is the Black Friday of India, what a wonderful marketing strategy and a trap. I heed my warning to those who are about to buy costly product. Think thrice, check prices everywhere else then buy.
No offence, Flipkart.
If you have anything to add to this story, leave in the comments.!
You people are all glad cause they are selling 16 GB pendrives for just 1 Re. and you are rushing but how many of you actually bought those? Why are those products out of stock soon? Yes, you may say that everyone has bought it out of stock but if you notice it has been stocked back after a few hours. It was back again online. Yes, flipkart is experiencing a minute loss by selling it for a single buck. Let us do some math, say 10000 people have bought the pen drive (which is not possible) the original rate of the pendrive be 500, they experience a loss of 5,90,000 that's huge ain't it. But there is the other part of it. People who are rich enough to buy certain high end products and are waiting for the offers are fooled. For example, check out the rate of this Samsung Note 3 below. They had a less price before and suddenly the rate spikes up but it remains the same in Ebay. They gain a profit of about 10,000 in a single purchase. as today is a offer many people would have bought it let us say at least 1000 people. So, they make a profit of 1,00,00,000 - 5,90,000 = 94,10,000 Rs.
 |
| Source :http://missionsharingknowledge.com/ |
 |
| Source:http://missionsharingknowledge.com/ |
This is the Black Friday of India, what a wonderful marketing strategy and a trap. I heed my warning to those who are about to buy costly product. Think thrice, check prices everywhere else then buy.
No offence, Flipkart.
If you have anything to add to this story, leave in the comments.!
Post a Comment
Please leave your Comments here.