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How to get the best discount from CD-WOW!
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N9ne wrote:CD-WOW will see very sharp falls in revenue soon as their unique selling proposition was the discounts available. Without them, they're an average-priced, poorly stocked, limited choice, foreign-based e-retailer which can often take over a week to deliver a CD.
The correct strategy for CD-WOW to use would be to continue providing discount links, but advertise them to the masses. Taking a mass-market approach will allow them to rapidly increase sales.
[technical bit]
With the rapidly expanding sales, they can take advantage of marketing economies of scale and thus expand their stock levels (clearly their buffer stock level is too low right now) and so reduce their costs, so remaining in profitability while maintaining competitively low prices.
[/technical bit]
Basically, they're scoring an own goal removing various discounts - making tiny profits on CDs etc. is MUCH better than making no profit and being stuck with stock they can't sell.
Gosh... if only they had you as an employee!! They'd probably be the biggest company in the world!! Maybe you should set up your own company to compete then!?0 -
Darren21 wrote:Gosh... if only they had you as an employee!! They'd probably be the biggest company in the world!! Maybe you should set up your own company to compete then!?
. The market's far too competitive and dominated by Play, Tesco, Amazon and CD-WOW (and some others), not to mention the great barriers to entry which are that I must invest in overseas premises to cut warehouse costs and administration, in technology to handle stock and real time catalogues, and place significant orders on stocks in order to exploit those very economies of scale I mentioned in my earlier post, which are just crucial to being able to compete. Therefore the cost to startup would be into the millions easily - especially when it's an industry where after-sale service is increasing in importance as the prices are at an all time low. That's not even considering the marketing costs...to compete against these people, you'd have to have one crazy marketing campaign.
I'd rather enter investment banking and various other avenues to make my money (although I should be focusing on AS exams currently!). It's all well and good that I can reason strategies through, but applying them is another story, especially when change management isn't the easiest thing..
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N9ne wrote:I'm 17
. The market's far too competitive and dominated by Play, Tesco, Amazon and CD-WOW (and some others), not to mention the great barriers to entry which are that I must invest in overseas premises to cut warehouse costs and administration, in technology to handle stock and real time catalogues, and place significant orders on stocks in order to exploit those very economies of scale I mentioned in my earlier post, which are just crucial to being able to compete. Therefore the cost to startup would be into the millions easily - especially when it's an industry where after-sale service is increasing in importance as the prices are at an all time low. That's not even considering the marketing costs...to compete against these people, you'd have to have one crazy marketing campaign.
I'd rather enter investment banking and various other avenues to make my money (although I should be focusing on AS exams currently!). It's all well and good that I can reason strategies through, but applying them is another story, especially when change management isn't the easiest thing..
It's very sweet that you have all these AS level business ideas, let's hope you put them into practice in your exams!! Some of us have a levels in business & a first class degree in finance but we don't pretend to know everything0 -
Darren21 wrote:It's very sweet that you have all these AS level business ideas, let's hope you put them into practice in your exams!! Some of us have a levels in business & a first class degree in finance but we don't pretend to know everything
. I'm dropping the subject too, as I hate it and don't value the education in it at all. I've found that it was simple enough for me to teach myself and I couldn't handle the boring lessons. Economics is what I like
.
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A thread on CD WOW codes and links used to be sticky - where has it gone?? I can't find it (panic!!)0
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I've merged your thread with the CD-WOW one. If you read the first posts you will find details on CD-WOW links or If you do a search you may find some.0
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Hi,
I'm also looking for a discount link - can anyone PM me with details?
Many thanks0 -
sorry folks I don't have any at the minute...0
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