I was hoping to get some feedback from yoiu guys on what would be the more succesful business plan. I was thinking of producing a certain product in mass quanities with a hope that the result would be because there is mass quantities people would just natrually buy the product. My alternative plan was to offer a product in a test manner to see what the market wanted and what people would buy. Which aaproach do you think will result in a more sustainable business?
Um..either approach is valid. There is no sure fire business model. You sorta feel it out as you go along. My advice is don't fall in love with the business.
I think that one makes sense and that the other doesnt. can you guess which one would fail and leave me in debt?
I'm not following your theory that producing mass quantities of a product will induce people "naturally" to buy the product. People buy products because they want or need them. If they neither want or need what you've produced then it doesn't matter how much of that product you turn out...you're not going to sell it.
No demand no success. The economy will only get better when consumers feel good about spending and NOT when business gets tax cuts.,