Since Siqi Mou does not make the products sold on Hello Ava, how can the business make a profit?

Question

Since Siqi Mou does not make the products sold on Hello Ava, how can the business make a profit?

It can see what other businesses charge and set prices below that.
It can charge a little more for products to cover the cost of the expert input.
It will have a hard time making a profit after customers have purchased one product.
It will need to look into making custom skin care blends if it is going to be competitive.

Answer 1

Hello Ava can make a profit by setting prices slightly below what other businesses charge for similar products, attracting customers with competitive pricing. Additionally, they can charge a little more for products to cover the cost of expert input and personalized recommendations provided by their virtual skincare advisor. By offering a unique and personalized shopping experience, Hello Ava can retain customers and encourage repeat purchases, ultimately driving revenue and profitability for the business. In the future, they may also consider expanding their offerings to include custom skincare blends to further differentiate themselves in the market and attract more customers.