Business is business, and it isn’t always nice, forgiving, or even fair. Some business owners in their ventures contrive dirty business tactics to make the extra penny.
They’re ready to put their own integrity on the line to make it happen, even if it means breaking a few rules.
Whether you own a business and have seen it all or you’re a frequent client who wants to know where your money goes, you need to be aware of these nasty tricks to prevent them.
Every profession has its own set of dirty business little tactics that only the individuals in control of that field are aware of.
These secrets are designed to be kept hidden from the general public since they may cause them to avoid a particular product or service.
Since the dawn of time, every business endeavour has been driven by the desire to sell various services and material goods to generate a steady income stream.
This is then turned into profits once all production and delivery costs are deducted.
Here are 10 dirty business tactics you must avoid.
1. Making it difficult to terminate your membership
It is extremely inconvenient when corporations make it difficult to terminate your membership or subscription.
You may need to phone or schedule a meeting to cancel your plan. It is being reported that firms purposefully hide the cancellation option in the most difficult-to-find location.
2. Creating false followers on social media pages
In today’s world, you can buy a significant number of followers for less than a thousand dollars, which is enough to draw a broad audience.
It’s then followed by posts that criticise your goods or service. This shady business strategy works well since many people who are unaware that the followers are bogus will believe what the post claims.
3. Illicit health substances and banned materials sales
Often, to keep their operations afloat, faltering brands and corporations try to sell a variety of unlawful items such as drugs and forbidden medications to make quick cash.
These shady service arrangements are run behind the scenes, away from legal scrutiny, and rely on word of mouth for public dissemination.
4. Accounting misconduct on purpose
These days, embezzling significant quantities of money through ingeniously tinkering with profit audit reports is a widespread business occurrence for company accountants.
They mention false data in their accounting journals to conceal particular revenue streams from senior administrative authorities or government investigations.
The related concerns of tax evasion and sales fraud are two of the more well-known corollaries of this problem.
5. Rivals obtaining names for your business or website that sound like yours
They aren’t particularly inventive, but they do obstruct your operations. You can’t sue them for it, but you should be aware that if they make a mistake or fail a consumer, they could also harm your reputation.
Dumping is another shady business activity that the Chinese and other emerging countries with a cheap labour supply have used regularly.
This means selling one’s goods and services at such a low cost that other industrial competitors will be unable to compete.
The major effect of this strategy, once again, is to reduce aggregate market competition, which is bad for consumers and bigger national economies in the long run.
7. Why “New And Improved” isn’t always a good thing
Some corporations, according to research, would make only a slight adjustment to a product before rebranding it as “new and improved.”
8. Fake social media reviews
This dirty business tactics is deceptively simple yet extremely powerful.
The business owner pays freelancers a set amount of money to create a slew of bogus reviews on social media sites like Facebook, Instagram, and Twitter.
9. Rivals using the internet to disseminate all kinds of garbage about you
You will undoubtedly be interested in reading what customers say about you.
Don’t be surprised if you see dozens of nasty comments about your company on social media from people who have never used your services.
Who cares, though? The message will be “swallowed” by the people. To increase your reputation, you’ll have to think outside the box.
10. Badly treating you on purpose
Some high-end stores instruct their employees to be intentionally nasty to customers to encourage them to ‘prove themselves’ and therefore spend more money.