Question

what are the recent new business strategies or technology xiaomi corporation has come up with??

explain in detail.

Answer 1

The chinese electronics company xiaomi corporation makes their investment on electronic products such as smartphones, laptops and mobile apps. New buisness tactics of xiaomi's corporation are

Minimising the cost of marketing

They sell their products using cost effective advertisements like social media ,mouth publicity etc

Less cost and more sales

They use the tactics of selling their products with less cost when compared to the other company products. Through the comparison of the prizes of these products itself customers will buy this companies products. In this way they sell their products.

Flash sales strategy - It is an important marketing strategy and it grabs the customers towards the product by building a feeling of scarcity. The psychology behind this approach is that people always need the products which they cant get.

Innovation- xiaomi always come up with novel products of high quality. It always update its products which lead to high satisfaction in customers.