If you are tired of losing out on billions of rupees because a set of so-called independent distributors are passing off cheap, counterfeit auto parts claiming them to be original, then it is time you should resist them, whether you are a manufacturer or a consumer.
Reaching and promoting your brands through social media influencers is a new marketing strategy. This broadens the reach of the target customers.
Digitization has truly revolutionized our lives. Since the invention of computers and the internet and internet applications, the world has seen significant evolution from the physical world to the digital world.
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Counterfeits are a multi-dollar underground industry which is imposing threats for any business or brand. Counterfeit products weaken the original company’s brand image.
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Sometime counterfeits may be hard to identify but there might be a huge difference in the cost of replacing these products. When we purchase a product irrespective of the fact that it’s an original one or a counterfeit, we purchase it by looking at the quality of the product and the brand name it carries.
One of the most significant challenges that reputable brand owners face is the threat of counterfeit goods that have flooded the market. This has taken a toll on the revenue and reputation, and also customer safety.
This is the age of the computer and the internet. People belonging to all walks are busy everywhere. From the younger generation of today to the older generation find shopping online much easier and very convenient.
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The business procedures and targets need to meet their tight deadlines. The forms of business may be different, but the most important rule which knocks in terms of business is managing the customers and earning their support.
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In the recent times, there has been a trend of showcasing the variety of products with an intention to cast original looks in the products. It happens that the demand for some products cannot meet the production, so the idea of counterfeit has entered the market and scores of people; both manufacturers and buyers get trapped in this matter.
What not, the problem of counterfeit can pose serious challenges to business, and it may cause the serious downfall of the market. Counterfeiting of brand name products is a very common happening in the business.
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