How to establish your store (video guide)
Here is video guide on how to establish your store in Virtonomics. Take a minute and see it. And then try on your own. 😉
Retailing
Local suppliers
In game players have to compete not only with other players, but also with local suppliers in cities. These are retail enterprises in a city and originally they had full control of retail market.
Each and everyone retail product in every city has average price and average quality, which means that this product is sold at this price and with this quality – in case if there are no enterprises created by players in the city.
Preferences of customers
Wealth level is the most important factor to define customers preferences. In cities with low wealth level people spend almost all their money on most needed goods (foodstuff) and they have no big interest in luxury goods. Besides, they pay special attention to the price: they prefer buying cheaper products instead of famous and high-quality goods.
On the contrary in cities with higher wealth level people can afford buying clothes, household equipment, cars and jewelry. In their opinion, high quality is more important than low price. Wealthy customers first of all require good service.
On the picture we can see the price per weak of shoes in red frame. It is lower than sale price in blue frame. Despite the much higher price than the cities average this shoes sells really well, because of its high quality (and brand) and excellent service. Customers preferences often change in favour of one or another goods. These changes can often be unpredictable, however marketing research can reveal consumer trends.
How to start playing Virtonomics
It’s very simple. First you have to go to Virtonomics site. You can click here to get there.
You choose SIGN UP and complete the form:
After you register you must now establish your company:
You have 2 options. You can start from the scratch (you click Create an office) or you can accept Gift from your uncle. If you choose the first option you will get 1.000.000 $ on your bank account. If you choose one of the uncles gifts then you will get introduced company.
I suggest you to choose first option. You build an office and one store (in Europe). There is lots of products which are ready to sale. After a while you can start producing goods on your own. I’ll tell you details later. The best countries for retailing are European and Middle East countries. There is home of millions of wealthy individuals with lots of purchasing power.
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