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How fake goods hurt your business?
Posted On 08/02/2021 05:38:07 by brdshowplaza

How counterfeit goods hurt your business?

In addition to misappropriating your brand identity and earning revenue from customers, there are many ways to stop counterfeit goods (like replica designer shoes clothes handbags and so on) from hindering your business. In the past 20 years, counterfeit products have caused the loss of 2.5 million jobs worldwide. Whenever a counterfeit product is purchased (either intentionally or accidentally), a less authentic product is sold. Ultimately, the reduction in purchases of authentic products will affect the business, leading to layoffs due to oversupply and too little demand.

Currently, nearly 7% of the world's trade is counterfeit goods. Usually high-end global fashion brands must pay attention to counterfeit goods such as replica designer shoes clothes watches handbags, but small business owners with well-designed business logos and high-quality products or services need to be vigilant about their brands. Counterfeit goods may cause confusion in customer purchases. Although they may have good intentions to find genuine products, counterfeit products are increasingly similar in appearance to real items. An estimated 34% of consumers are sure that they have never purchased a counterfeit product before-but how accurate is this statement?

In order to ensure that certain counterfeit goods are not purchased, there are several ways to distinguish the genuine product from the counterfeit goods such as replica designer clothes shoes handbags.



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