This chapter delves into the significance of gross margins in the initial stages of launching a business, emphasizing that it is the profit remaining after deducting direct production or purchase costs. Through examples such as Ferrari, it underscores how gross margins are influenced by emotional factors and customers' willingness to pay for intangible qualities like prestige.
Today, we'll hit on the most asked question in our now functional podcast question submission list. What if the thing you're building isn't solving a bleeding neck problem? What if it's just something you think people will want? Something that'll improve their life, but not something they loose sleep over? Should you still pursue it? How?
We'll talk through Linguini, Yeti, gross margins and status level jumps and land on the answer - is that type of business worth your time?
- Uncomfy hour - email "team@gettacklebox.com" with "uncomfy" in subject
- Tacklebox
- The Clam