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#6: Steve Chou

The BetterLife Podcast

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How to Make Money on Black Friday

Amazon, even if you get a refund, the number is still in your revenue. And Amazon always encourages you to run sales because sales always lead to a surge in revenue. But people just get hung up on this revenue number and they don't charge enough so low prices are going to lead to more revenue. Those two forces cause people to not be profitable.

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