This is how raising the price of a product can help you.
Mike was selling air purifiers for $1,000. He couldn’t sell many at that price, so he upped it to $2,000 and then he couldn’t keep them in stock.
What changed?…
Category: Money
Different swipes related to money.
How cash in bank affects lifestyle
Great chart by @asmartbear that shows how cash in the bank affects your lifestyle.
$1,000 = “I can’t lose my job.”
$100,000 = “I can own my house.”
$2,000,000+ = …
Industries die and become niche
When an industry dies, it doesn’t just disappear into oblivion right away. It slowly shrinks, then shrivels, then consolidates, then becomes a small niche. Think:
- Gas lanterns.
- Vinyl records.
- Horse
FAT-FIRE
There’s an amazing subreddit called /r/fatFIRE which is full of people trying to be F.I.R.E. (Financially Independent Retire Early)
“FAT”-FIRE means they want to retire, but in luxury style.
So …
Internet Users Over Time
In 2003 (20 years ago) around 700 million people were on the internet. Now it’s nearly the entire planet.
Many people in 2003 felt they missed their “big shot” after …
Financial images and charts
This graph shows allllll the different excuses to sell over the last 15 years.
It explains a simple-yet-complex concept to hold very long term, and ignore short term fluctuations. This …
Most regretted college majors chart
This shows the college majors people most regret getting, usually due to a lack of opportunity the major gets vs the amount of effort/cost to acquire it.
Do you regret …
Cool graphic categorizing all the ways to make freelance money
“How do I make money?” This graph has answers! Just glancing at it you’ll discover a ton of different services you probably didn’t even know about for making some side …
Cool graph shows time to launch a product, get a customer, and product market fit
How long it took each of these companies to:
▲ Launch a live product
◼ Get their first customer
⚫️ Get Product Market Fit
I’m not the biggest fan of …
Shoe profits bar chart
Wow…this graphic shows a surprising conclusion:
When Nike sells a $100 shoe, they make only $5 in profit.
Chat GPT:
Wow, the data presented in this graphic is truly eye-opening …
Pricing structure, monthly vs yearly?
What do you think is a better pricing structure?
• Monthly payments
• Yearly payments
?
There’s clearly pro’s and con’s to each one:
My personal thought is that both …
Interesting data visualization of largest economies
I love different ways of “showing data” and I’ve never seen this style before. It shows the movement in size of different economies over 20 years. It displays less information …
20 year price changes of goods & services in the United States
Basically everything that’s heavily government regulated has gone up in price, and everything competing in the free market gets cheaper.…
“What is inflation” cool visualization
Inflation is a hard concept to explain….but this simple picture really “shows” it perfectly!
It’s easy to see how much the buying power of the dollar has decreased in ~100 …
Apple’s Major Product Milestones to $3 Trillion
This is a cool visualization of major produce releases that helped Apple reach a $3T+ valuation. It would be cool to make a revenue chart like this with other companies, …
Periods when to make money chart
The overall point of this chart is to show that booms & busts happen with regular frequency, and that it’s not an uncommon occurrence.
I love when something takes a …
4 main ways to scale
If you want to build something big (or run a small company with large outputs), you need to some form of “scale.”
There’s 4 main ways to scale:…
“I haven’t been broke since I was 17, and have always had several years of savings ready!!”
Sometimes I’m jealous of people who are like: “I was broke as shit 2 years ago but now I’m hella rich and I’m gonna teach you how!!”
My story is …
Remember that people pay money for things that:
• Saves them time.
• Supports a cause.
• Saves them money.
• Improves their status.
• Teaches them new info.
• Gets them access to info.
• Satisfies a …