How can hydraulic manifold manufacturers make money? First, you need to have an honest heart, and then you need a business mind

China [CN]

It's almost the end of the year, and some hydraulic manifold manufacturers are lamenting that they can't make money because they are too honest. What I want to say is that any hydraulic manifold manufacturer who wants to make money must first have an honest heart, and then have a business acumen. But what's even more heart wrenching is that an honest heart and a business mind are two dimensions of things. Hydraulic manifold manufacturer AAK made a small profit with honesty. Because of honesty, it reduces the transaction costs for customers.

I remember the first time I went to Frankfurt, Germany 13 years ago, at the subway station, I saw a somewhat special automatic ticket vending machine. I entered the "validity period" of my subway ticket by myself, and after purchasing it, I walked through the crowded crowd. However, I vaguely felt that I had forgotten something, until I took several subway stops before suddenly realizing that I had forgotten to check my ticket. Why did I come in without checking your ticket? In China, every subway has to check tickets and enter the station through a gate. However, there are no turnstiles here and no ticket inspectors have been seen. At the destination station, there are still no turnstiles or ticket inspectors. All passengers are heading out without any obstacles. Later on, I found out that subway stations in Germany are fully open. There are no gates, no electronic ticket check gates, and no manual ticket checks. In the bustling subway stations, there is not even a fence. The reason for doing this is because we believe in the goodwill of everyone and believe that you will consciously and truthfully purchase tickets. By relying on this method of "believing in the goodwill of the public and randomly checking the malice of the niche", the cost of public transportation is reduced. Behind the adherence to "rules" lies the spirit of contract, the essence of this story, which is to use honesty to reduce transaction costs.

Both transactions between customers and hydraulic manifold manufacturers, as well as transactions between hydraulic manifold manufacturers, require overcoming the costs of "information asymmetry" and "lack of credit transmission". If you want to make money, you need to first help customers save money. Assuming a subway station spends 100,000 yuan annually on turnstiles and ticket inspectors. Assuming that hydraulic manifold manufacturer AAK can complete the "ticket inspection" at a cost of only 50,000 yuan. So AAK can say: just 60,000 yuan, I'll take care of it. The extra 10,000 yuan is the money that can be earned. The missing 40,000 yuan is the money saved for the customer. Of course, the reality will be much more complex than this simple math problem. However, hydraulic manifold manufacturers must have this logic, as long as you can reduce transaction costs, you will almost certainly make money from it.

In China's manufacturing industry, whether you are a hydraulic manifold manufacturer or not, the era of good people making money is coming. This good person refers to an honest person. More and more stories are proving to us that people who are honest, trustworthy, abide by contracts, and adhere to their values can survive, and even live well. If there is any dividend in today's business world, I think it must be a value dividend. Hydraulic manifold manufacturer AAK has been constantly strengthening its business brain and adhering to an honest heart.

Hydraulic manifold manufacturer AAK, with brain, heart, and integrity.

AAK HYDRAULIC VALVES (722) 2023-11-25

https://www.aakindustry.com/info-detail/hydraulic-manifold-manufacturers-aak722