AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
The Creator Economy
Ray Edwards Show
Why Do We Have These Crazy Black Friday Deals?
Black friday is a good time to motivate people to buy. Usually retailers have some what they call a door buster special, designed to get you in the door. These used to be called loss leaders. We'll take a loss on selling you the t v or the solid state storage drive for your computer,. Or the watch, or whatever the popular item is are going to offer at a ridiculously low price. That makes us lose money if that's the only thing you buy. But we get you into the store, and there are so many other gadgets and gismos and very appealing offers we make which turns your costly visit to the store into a profitable visit for the store.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode