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I have a similar take. What startup can succeed selling $1.25 socks? None. Walmart and their suppliers have worked for decades at massive scale to trim every po
by MetaWhirledPeas 4y ago
I have a similar take. What startup can succeed selling $1.25 socks? None. Walmart and their suppliers have worked for decades at massive scale to trim every possible cost and make money on slim margins. For most startups selling physical goods, the only way to make money is to charge a premium. This is exactly how Tesla grew their business.