The process of buying and selling goods has been with us for many years. The significant difference for the many years is that the method of exchange and platform that trade is taking place.Let us look at how to trade stuff with other people as a source of income.
In the former years, a people could walk and ride for many kilometers before reaching the market places where they get products. Our forefathers had to travel carrying a lot of goods, and they would travel back carrying other goods. It is because there was no money, and they had to exchange goods for other goods. It is a form of trade that was known as barter trade. Barter existed for centuries until minerals were discovered.
The mining of metals transformed trade in that it made it easy for people to quantify a product. During the time of barter, there were no accurate measures that a person would use in the market. But individuals mainly had to depend on their eyes.
Unlike previously it was difficult because there were no exact measuring equipment that would quantify a goat and a bag of corns. Being that the precious metals were also hard to come by the scarcity of these metals lead to it being a reliable tender.
Money made it simple to buy and sell because you did not have to get the exact product to trade and at the same time you could now sell to any person as long has you agreed on the amount. Many persons are currently selling for profit which means that they get an extra amount of money on the products they sell compared to the production cost.
Liberalization made trading easy because it promoted innovation that lead to high competition. Today even if you are the pioneer of an idea and you do not offer the right services another person will take up the idea model it to fit the market structure then sell the product. Competition has given us an opportunity to get different products at the right market price.
Competition has even been stiffer because people have new ideas daily. Companies that were successful in the olden days if the do not adjust to the current trends they can close shop because it requires that you be at the top of your game daily. More people prefer to identify with a brand that will give them value for every money they pay.
On the same note, Studies show that, a person would prefer to pay more as long as they get value in what they are buying. It should then be the priority of companies to put the interest of the customer first. If you focus on the profit and ignore the fact that you will only make real profits if your customers like your services. Many individuals across the world have been complaining that there is no job. But they forget that the internet has made it easier for a person o sell and buy from the comfort of their homes.
In the former years, a people could walk and ride for many kilometers before reaching the market places where they get products. Our forefathers had to travel carrying a lot of goods, and they would travel back carrying other goods. It is because there was no money, and they had to exchange goods for other goods. It is a form of trade that was known as barter trade. Barter existed for centuries until minerals were discovered.
The mining of metals transformed trade in that it made it easy for people to quantify a product. During the time of barter, there were no accurate measures that a person would use in the market. But individuals mainly had to depend on their eyes.
Unlike previously it was difficult because there were no exact measuring equipment that would quantify a goat and a bag of corns. Being that the precious metals were also hard to come by the scarcity of these metals lead to it being a reliable tender.
Money made it simple to buy and sell because you did not have to get the exact product to trade and at the same time you could now sell to any person as long has you agreed on the amount. Many persons are currently selling for profit which means that they get an extra amount of money on the products they sell compared to the production cost.
Liberalization made trading easy because it promoted innovation that lead to high competition. Today even if you are the pioneer of an idea and you do not offer the right services another person will take up the idea model it to fit the market structure then sell the product. Competition has given us an opportunity to get different products at the right market price.
Competition has even been stiffer because people have new ideas daily. Companies that were successful in the olden days if the do not adjust to the current trends they can close shop because it requires that you be at the top of your game daily. More people prefer to identify with a brand that will give them value for every money they pay.
On the same note, Studies show that, a person would prefer to pay more as long as they get value in what they are buying. It should then be the priority of companies to put the interest of the customer first. If you focus on the profit and ignore the fact that you will only make real profits if your customers like your services. Many individuals across the world have been complaining that there is no job. But they forget that the internet has made it easier for a person o sell and buy from the comfort of their homes.
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