5. Participation in two or more tenders at the same time
Posted: Thu Feb 13, 2025 6:04 am
3. Incorrectly calculated cost price
Remember that you need to take part in tenders first and foremost to make a profit . This is the main task of an entrepreneur. However, some participants forget about this and simply try to win without calculating their own costs . As a result, they offer too low a price and end up in the red. It is always worthwhile to understand in advance the price below which you cannot go.
4. Victory at any cost
There are often situations when inexperienced participants lower the price as much as possible and try to take the tender at any cost, just to get the first customers. This is not worth doing, since such tactics are associated with a large number of risks. In addition to losses and financial losses, you can only harm your reputation.
If the goal is only to get a large and famous customer and then use this case for australia phone number list marketing purposes, then you can dump the price. However, you should do this very carefully, only if you have experience, qualified specialists and a large safety cushion, since you will definitely go into the minus.
Many new participants submit several applications for different tenders at once to increase their chances of success. However, it may happen that you have to carry out several orders at once. This is an undesirable situation, especially for those who are just starting to deal with tenders.
This will lead to a decrease in the quality of work. As a result, you may simply not be able to cope with the volume of work and lose your reputation.
Let's sum it up
Tender bidding is a largely undervalued and highly promising tool for companies looking to expand their business and secure new orders.
Conducting tenders is beneficial for everyone. Firstly, for customers, since they allow commercial purchases of necessary goods and services, for example, transparently and at optimal prices. And secondly, such a system allows suppliers and aspiring entrepreneurs to open up, who can take orders from any company and develop their customer base.
Remember that you need to take part in tenders first and foremost to make a profit . This is the main task of an entrepreneur. However, some participants forget about this and simply try to win without calculating their own costs . As a result, they offer too low a price and end up in the red. It is always worthwhile to understand in advance the price below which you cannot go.
4. Victory at any cost
There are often situations when inexperienced participants lower the price as much as possible and try to take the tender at any cost, just to get the first customers. This is not worth doing, since such tactics are associated with a large number of risks. In addition to losses and financial losses, you can only harm your reputation.
If the goal is only to get a large and famous customer and then use this case for australia phone number list marketing purposes, then you can dump the price. However, you should do this very carefully, only if you have experience, qualified specialists and a large safety cushion, since you will definitely go into the minus.
Many new participants submit several applications for different tenders at once to increase their chances of success. However, it may happen that you have to carry out several orders at once. This is an undesirable situation, especially for those who are just starting to deal with tenders.
This will lead to a decrease in the quality of work. As a result, you may simply not be able to cope with the volume of work and lose your reputation.
Let's sum it up
Tender bidding is a largely undervalued and highly promising tool for companies looking to expand their business and secure new orders.
Conducting tenders is beneficial for everyone. Firstly, for customers, since they allow commercial purchases of necessary goods and services, for example, transparently and at optimal prices. And secondly, such a system allows suppliers and aspiring entrepreneurs to open up, who can take orders from any company and develop their customer base.