3 ms·
> He is very clearly selling too cheaply? Taking into account cost of selling (their time) may be a factor. I would prefer to sell for 1000$ in 1 hour over se
by matkoniecz 3y ago
> He is very clearly selling too cheaply?
Taking into account cost of selling (their time) may be a factor.
I would prefer to sell for 1000$ in 1 hour over selling for 1100$ over 10 hours.
assuming production and transport costs at 500$, and 0% taxes it is leaving with 400$ vs 480$ profit, making it a clearly good idea if you value your time at more than 8.89$/h. And it does not take into account promotion/building consumer loyalty.
(obviously real world has many more factors, like selling also other products which may limit time saving and add chance for crossselling stuff)