I ran into this infographic on Pinterest and I feel it’s worth sharing on this platform for small business owners to learn from. Although this post is very precise, however, it is also very deep. The wisdom here is priceless. As an entrepreneur, this business lessons or nuggets from a drug dealer might be all you need to succeed in your niche.
Whilst drug dealers are perceived as bad people, there are a lot of lessons entrepreneurs can learn from them, some of which are outlined below:
Business Lesson From A Drug Dealer
- Don’t Take Product for Granted: Create the best product in the market or customers will find it elsewhere.
- Word of Mouth Marketing: If your product is good, people will talk about it. Word of mouth matters, especially if you’re just starting out.
- Freemium Business Model: Give a little for free and keep them coming back for more. Do not underestimate the power of free gift.
- Control Supply: Control the supply of the market and keep prices high.
You can also read: Top 6 Small Business to Start in Nigeria During Recession