You know, the average grocery store today offers you 45,000 products.

But the growing dominance of the market economy, where the products of our intellectual labors are bought and sold, produced an unfortunate side effect.

The company plans to sell the new product for 1,000.

Guess what?

And this number tells you, how much money did you make, or how much profit did you make just from selling these widgets?

AG

The products are sold on a world scale.

The way the TV industrial complex works, is you buy some ads, interrupt some people, that gets you distribution.

The new product will not be distributed through conventional channels.

Selling products sometimes requires having a stroke of genius.

Sell, sell, sell.

I want to know what the business model is on a per unit basis, or for the actual product you're selling.

There doesn't seem to be any limit on how crazy child safety regulations can get.

In a physical channel, a direct sales force are sales people that work for you directly and typically sell directly to the end user.

But this time, we have resellers and the resellers don't work for us.

But it wasn't until the mid 1990s with the emergence of the Internet that we were able to distribute physical products through a virtual channel.

I can't just put that in my pocket.

COGS were that.

We would like to distribute your product in Japan.

All around the world this is how products are being distributed, so, for instance, in one street market on Rua 25 de Março in São Paulo, Brazil, you can buy fake designer glasses.

The new product is on sale.

I sold 3 million worth of widgets.

Our liquor license!

To produce those 3 million widgets for 1, it cost me maybe 0.30 a widget, or 0.33 a widget.

I'll re initialize you and send you to a store to be sold.

Look, we control production and distribution.

You sell the widget. You give a customer a widget, and they give you some money.

These products are selling like hot cakes.

So it'll sometimes be written as cost of sales or cost of goods sold.

So we don't have to worry about our products being sold, for example, for less money in places that are poor, and then they get re imported into the U.S. for example, with the drug industry.

This guy is a Bible salesman.

Indian companies to do a major part of their product development work for their global products which are going to be sold to the entire world.

The product stage.

We have sold things all over the world, from Ethiopia to Turkey to U.S. to wherever.

They were sold as photocopy books in Comic Market 67. We had no problem selling all of them, so we had bound copies made.

Accessories were laid out on the shelf for sale.

But this is, of course, an optimistic scenario. Let's think of other scenarios.

He buys and sells leather goods.

Now, their cost of goods, I'm going to split up this time, because there's two components of cost of goods, so I'll just make a cost of goods category right here.

Your direct sales people can actually be the one talking to the consumers directly or they could be the ones selling to system integrators,

What video lets me do is since I can't be in front of him at a sales counter,

Caine spent summer vacation coming to work with me.

He's always making mistakes. Sometimes it's really embarrassing. He's giving me the old cripple's mail orders.

And their value proposition, as even they realized later, was pretty unclear.

But the main thrust of the DMCA was that it was legal to sell you uncopyable digital material except that there's no such things as uncopyable digital material.