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I really like that. I think the first thing people should do when making a startup is finding a consistent revenue stream and business model. Most companies are
by WilliamEdward 8y ago
I really like that. I think the first thing people should do when making a startup is finding a consistent revenue stream and business model. Most companies are actually more about the model than the idea. Hell, even Nike only makes about 6% of profit on their $100 shoes. They can do this because they have a consistent and reliable business model (aka not advertisement income). It's not even the shoes anymore. it's the idea of the shoes.
- scarface74 8y agoJust to provide a reference on the $6/Nike shoes, because I didn't believe it.... https://solecollector.com/news/2014/12/how-much-it-costs-nike-to-make-a-100-shoe https://solecollector.com/news/2014/12/how-much-it-costs-nik...
- WilliamEdward 8y agoThank you for that. I believe the source i read included marketing in the expenses, but that was long ago.
- fjsolwmv 8y ago6% profit after paying the salaries of everyone involved in manufacturing, marketing, and administration, including retailer profit, is quite a lot.
- WilliamEdward 8y agoIt's just less than people would think because all they get to see is the $100 price tag.