Will they switch for cheaper?
In fact, most people switch for better.
Without a doubt, there’s a slot in every market for the cheap enough, good enough alternative.
But rapid growth and long-term loyalty come from being better instead.
When your product or your service doesn’t measure up, the answer probably isn’t to lower your price or offer a refund to the disappointed customer. Instead, the alternative is to invest in making it better. So much better that people can’t help but talk about it—and so much better that they would truly miss it if it were gone.
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