23 april 2024
Demarketing: From strategy to practice
Marketing is the foundation of any commercial activity, as the main goal of a company is to successfully sell its products or services. However, there are cases when a marketer has overdone it and increased demand to the point where an entrepreneur cannot cover it. In such cases, demarketing comes into play. In this article, we will explain what demarketing is, how it works, and what demarketing methods are used in business. What is demarketing? Imagine you are starting a business, for example, selling sneakers made in China. Your initial capital is $3000, with which you bought 100 pairs of shoes, planning to sell them for $50 per pair. After calculations, you determine that your net profit, including shipping and marketing costs, will be $15 per pair. You intend to reinvest these funds in the purchase of a new batch...