Answer by Daniela : Is creating a similar product in a competitive market thats only major point of distinction is a much lower cost to customers a good idea?

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Is creating a similar product in a competitive market thats only major point of distinction is a much lower cost to customers a good idea?

For example, apps like uber or ordering apps, saturated market, but what if you could deliver the service at a 30-40% lower cost (all other things being equal). Is this model a good idea or is it a race to the bottom?

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Daniela Credit Analyst, Business Administration

It is always a good idea, but what you have to verify is that a product with a lower price will give the perception that it has a lower quality. If you want more advice, I am at your service.

Answered 4 years ago