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Home » Meetings industry-specific content » Corporate Events : who's undercutting who?

Content specific to meeting planners and PCOs
14/04/2010 5:28:31 PM

Toruk Makto Special edition
Toruk Makto Special edition
Posts: 134
I don't think they are trying to harm you, I just think they are trying to survive, These companies have large staff and they can fire most of their staff, or work for cheap, this creates opportunity for you to excel where they cut corners, you just have to communicate this to your customers (potential customers), and to be honest I assume this reduced costs has been going on since the GFC it is too soon to say long term. They are just getting by I assume and weathering the storm, by having a small amount of money coming in and not making a profit, but staying alive.

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12/03/2010 4:29:23 PM

David Addison
David Addison
Posts: 5
The old cliché comes to mind, ‘would you cut off your nose to spite your face?’ ie disadvantage yourself to harm someone else. It seems more prevalent in recent months for bigger event companies to buy events business by going in at really low margins as low as 5%. In fact, companies who truly live by a 5% rule alone should not survive the long term, so how do they continue to survive?
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