Looking at the various appliance stores in the Philippines, one can say that there are a few which have become icons in their fields. In general, other countries consider the Philippines in the economy underdeveloped, even the Filipinos themselves believe this to be true. In terms of business, only a few have lived with the tests of time and the impact of the global economic crisis. Many other appliance stores in the Philippines have eventually failed.
A number of companies have https://www.laweekly.com/break-up-spell-or-everything-you-wanted-to-know/ tried to engage in the selling appliances and, unfortunately, only a few have prevailed. A lot of businesses don’t succeed because of many reasons — mismanagement, insufficient funding, unskilled human resource, lack of strategic and long term planning, failure to adjust to the changing market, and the list goes on and on. These are only some of the reasons why businesses in this retail industry fail. However, there are also quite a few who have prevailed in selling appliances in the Philippines and listed below are their qualities:
- Flexibility. Global economy changes from time to time. From time to time, banks and businesses file for bankruptcy without informing the public. In the Philippines, many have lost their jobs and are no longer able to support their family. One of the most vital qualities of a successful retail company in the Philippines is flexibility in order to adjust to the ever changing conditions existing around the world. Being able to predict and adapt to the current needs of the market while also carefully taking into consideration the patron’s ability to pay for items is one of the keys to a successful retail appliance selling in the Philippines.
- Commitment to service. Companies should be able to provide high standards of service for the best interest of the customers. Retail companies should serve their clients in all aspects — pre-selling, actual selling and after sales. Constantly, appliance stores in the Philippines dismiss the most important one, the after sales service. Appliances are oftentimes matched with warranty. A consumer always tries assistance for warranty processing when their item breaks down, therefore a company should extend their greatest support to get the patron’s satisfaction.
- Affordable. Excellent service goes along with quality products all the time. Consumers always ensure that they spend some money for the standard of the product; for the best combination of value and features. This attitude is what folks think of every time they pay for something. As most say, “bang for the buck”. It is guy’s nature to look for a product which lasts, provides the best result, and costs cheap. A retail company who gives the highest quality for the amount of money one pays for a particular item never seems to lose a buyer.
- Stint in the industry. An investor never persists on dedicating his time and money to a losing business. Stint in the industry will be an indication of success. It only ensures that it has all the qualities of a successful retail appliance store in the Philippines — flexible, committed to service, and meets the patron’s requirement in terms of price and quality of the product.