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Why would you call it a good idea? Even your calculations are way too optimistic. Giving it little thought, I can say that NYC would have at best 10k sales of
by JAlexoid 4y ago
Why would you call it a good idea?
Even your calculations are way too optimistic.
Giving it little thought, I can say that NYC would have at best 10k sales of this item. In total... including any knockoffs.
The product may have scaled to be able to sell to London, Paris, Tokyo, Soul, Beijing, Shanghai, Hong Kong and Singapore. But this is the total addressable market for this item.
Let's say you have 2 engineers in US working on this full time - that's 500k in salaries(that includes all associated staff).
In NYC you would be able to charge $300, but no other major metro area has that kind of disposable income. In London the max price would be $170, Paris and others - $150... And boom, you can't even make a product to cover development costs.(not to mention any operating costs)
Cool art project and commercial viability clash perfectly here. This item is at best - an art piece, that should cost as such($3000+).
- TheHappyOddish 4y ago> Let's say you have 2 engineers in US working on this full time - that's 500k in salaries(that includes all associated staff). USA, the land of start ups!
- Terretta 4y ago> in NYC you could charge $300 That's 2 days of median disposable income. For comparison: San Francisco, U.S. - Disposable income after rent: $4,710 Zurich, Switzerland - Disposable income after rent: $4,626 Chicago, U.S. - Disposable income after rent: $3,298 Boston, U.S. - Disposable income after rent: $3,188 New York City, U.S. - Disposable income after rent: $3,157 Sydney, Australia - Disposable income after rent: $2,615 Melbourne, Australia - Disposable income after rent: $2,485 Oslo, Norway - Disposable income after rent: $2,342 Copenhagen, Denmark - Disposable income after rent: $2,285 Wellington, New Zealand - Disposable income after rent: $2,075 Depending on your list and method, New York could be 44th on global purchasing power index: https://www.numbeo.com/quality-of-life/rankings.jsp?title=2021&displayColumn=1 https://www.numbeo.com/quality-of-life/rankings.jsp?title=20... Or 15th: https://defence.pk/pdf/attachments/screen-shot-2019-11-27-at-12-30-55-am-jpg.591675/ https://defence.pk/pdf/attachments/screen-shot-2019-11-27-at... Anyway, "no other major metro area has that kind of disposable income" seems inaccurate.