The reason we do this is that everything arrives... in these boxes.

What specifically does your company supply?

You can look at color, and sizes, and how it appeared on the runway, or whatever.

Well, I sort of design products and sell them.

I'd get a nice piece of steak, flowers, sometimes even a gift.

I am in the grocery line.

Are you familiar with my product?

Oh, I don't even know what it's called.

What? You really threw it away?

Gee, when you buy this product, we'll give you a 20 discount off of this other one, which most consumers would realize, ooh I'd like to have that too, and so thinking about what adjacent products, what products next to the one you're already selling customers can buy is a cross selling strategy.

Right?

And so I now have 500 people using my freemium product but the goal is not to just have them use the freemium product . the goal is to actually have them pay for it and what's interesting is, assume 10 of those now actually paid.

And the general way to think about inferior goods are the goods that people will want to not own if they had more money they would want to buy, I guess, less inferior goods.

Customer lifetime value is exactly what is says.

Well, what then happened over the last 50 or 60 years, is that goods have become commoditized.

At that shop they deal in kitchen utensils.

Demand went down.

The discount would be 3 dollars.

Cross sell, well that's also kind of simple.

And the one we'll be actually talking about in some detail during the series of lectures is that you never actually found product market fit and there's too few people who will buy or will use the product.

The goods are exempt from taxes.

Many goods are transported at midnight by truck.

Rice Pops. It's a product I work on at the agency.

You'd end up with a negative utility.

Circuses offer toys for prizes.

Totally New Product

This is only true for normal goods.

We need a better way to show off our product.

The conscious consumption is an agreement among citizens on what is produced sold and what is bought consumed.

Don't touch the goods.

The company deals in various goods.

This product is well known by its advertisement on television.

That is only 7.6 in Switzerland.

Is it I'm going to just have a direct sale or it's a complete transaction based on price?

And that's from less than five months from a prototype in my lab to a major commercial product.

And part of those steps were alpha test, beta test, and first customer ship, and you'd be shipping and telling customers, Here's a buggy, unfinished product.

That is, is the total available market of potential users your needs for revenue?

That's not bad. I mean, you know, considering' marmalade.

And now we move up to the our item.

eleven, 1 2, 1 3 sixteen, 1 7, 1 8, 1 9....

Item SS4G

661 00ZBG large size floor runner.

It says that it's out of stock on the internet site...

I can put a video in front of him that shows him as much as possible about the product, so he or she completely understands what it is we're selling.

A merchant is a person who buys and sells goods.