THOUGHTS/ theory from school
- The success of the Ipod was not created by the simple fact that it is a good reliable product but the fact that it created a culture of security which was unmeasurable and more valuable than the ipod itself. Without the culture support and innovation of this product is just a normal product.
- The idea of putting a price on an emotion that is not measurable is where money can be made. sounds captalistic just a bit. (i.e how much would someone pay to retrieve the data lost on his/her harddrive emails, pictures, videos, personal notes) If its valuable enough to them the elasticity of price remains limitless. HMMM I guess thats why people are forking up 600 to pay for an iphone to feel that emotional maslows sense of high esteem.
- What makes a home a product to put a price on? is the actual retail price of the materials labor and furniture? Hell no. If you know you know thats why real estate will always and forever be the price tag of emotional security. The idea that I'm going into the biggest debt of my life becuase this is where I see my future, not becuase this has granite countertops. Obviously other peoples oppinion may differ but i guess thats why this is MY BLOG.
- Staples? why is staples successful how did it get there. let's see they sell office supplies ok to who teachers students and oh yea business people. office supplies of the life lines of businesses in order to be functional and profitable in their business. who can that apply to? every business. Staples is the lifeblood of numerous company's functionality. MY weirdest thought would be to make money off the money that hasn't even been put in the wallet yet.
I.E staging the realtor is spending money on staging based on the assumption that He is not spending money out of his original pocket but rather out of the money that he is going to make. Therefore the money that is going to be made is easier to spend rather then reaching into your pocket and handing me cash. For example if i know someone owed me 10 dollars and a guy tells me i'll take 2 of those 10 dollars and turn them into 20 I am more likely to do it because the time of money in my possession has not occured to be a part of my ownership so I am more likely to spend money that I just made along with making more money in the long run.
anyways I'llhave more next week if that made any sense.
The ability to put a price on things you shouldn't put a price on, is what I beleive makes people rich.