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Monday, January 2, 2012

Need to offer a competitive price

A Singapore composer offered to create some music clips for my mobile apps. She quote a price of $750 for the music clips for one app (and it is restricted to only that app), and said that it will be for my exclusive use. This was too costly for me - and I do not need exclusive rights - but she was not prepared to reduce the price.

Later, I found a source in the Internet where I could get the suitable music clip for $10 and it is not restricted to one app. I need to pay a total of $50 for several music clips to be used for all of my apps. I decided to use the music clips from this source.

I introduced the Internet website to the music composer, so that she can upload her music clips and sell them at a lower price on a non-exclusive basis to the world market. I hope that she can make a business by offering a competitive price to her customers.

Note: Our businesses are now used to charging exorbitant prices that they are out of touch with the world market! I do not blame these businesses, because they have to incur high operating costs in Singapore, but this type of business model is bad for Singapore.

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