While you can't compete with the volume discounts and loss leaders big companies leverage, you can win by offering unique products and a personalized level of customer service that can't be
matched by bigger companies.
Not exact matches
It's clear that Philz has been influenced
by its Silicon Valley neighbors — the
company certainly has
big aspirations, and now it has
big funding to
match.
High prices are often a signaling mechanism to tell the market that your product is worth more than a competitor's, and trying to compete with
bigger companies by cutting prices is often a mistake, as it undercuts your profitability while still failing to
match the
bigger brands» economies of scale.
Initially, we were a little concerned that the 5T might not be as efficient as the OnePlus 5 as both the phones pack same - size power pack while the former has a
bigger display, but 5T is still a solid performer to
match up the claims made
by the
company.