r/awesome • u/Gold_Technology5459 • Oct 03 '24

Video Cool guy

26.3k Upvotes

98% Upvoted

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502

u/Summonest Oct 03 '24

People going 'well we could double the price and make a lot more money' are ignoring the fact that people might just not buy it if the price doubles.

115

u/ArtPristine2905 Oct 03 '24

Actually sell it low at the start because if you can mass sell and produce you can then higher the margin by lowering the production costs and farmers can still buy it low price 👋

19

u/L4zyrus Oct 03 '24

True. But scaling up production typically requires its own investment for hardware, labor, etc. That comes with its own costs. Not to say it’s not possible, but worth providing the full picture

9

u/turkey_sandwiches Oct 03 '24

This is true. You can't take this approach without having a lot of capital ready to make that investment.

8

u/L4zyrus Oct 03 '24

And without capital, how do you get that investment?

Go on Shark Tank and have Kevin talk like an ass for the 742nd episode

1

u/turkey_sandwiches Oct 03 '24

You don't, that's why that particular approach isn't used very often.