If not possible, we should consider developing a new category in our business, with products with better margins.

[zihadhasan010]

You have to find new opportunities and create new categories in business.

For example, if you have a restaurant that is famous for its nasi lemak, maybe you could add a food category like gourmet burgers or unique drinks that not many other restaurants have.

After that, do some research and see what trends customers want now.

Study the market and see who your competitors are in this new category.

It's okay, we have to know who we're competing with. Make sure what you offer is better than your competitors.

For example, if you want to sell gourmet macedonia phone data burgers, you need to know that your burgers have to be delicious, reasonably priced, and have fast service.

Once you know what you want to add, make a plan for product development, such as how it will be produced, the costs required, and how to set up a marketing strategy.

To be on the safe side, before you create a new product on a large scale, you need to test the market first.
You can try releasing a new product on a small scale first , see if it's successful or not.
If it's successful, then you can think about expanding.
After that, you have to monitor and listen to customer feedback.

Ask for feedback, whether through comments on social media, email, or customers who come to your store. This can help you improve your products and services.