Prototyping | Machine That Makes Money

Posts Tagged Under: Prototyping

Pricing your product: How can a shirt cost $180? Or, how does keystone pricing work?

Marshall Brain
29th Jan 2018
Pricing
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Have you ever walked into a store, looked at a pair of shoes, and wondered “How can this pair of shoes cost $120?” The answer, in many cases, is “Keystone pricing”, which is described here: Keystone Pricing in Retail It states:

Machine That Makes Money

It’s called “Machine That Makes Money” because your goal, as an entrepreneur, is to build a Machine That Makes Money. It might be an extremely simple machine (like a blog) or a very complex one (like Southwest Airlines), but either way your goal is to build some kind of machine so that you can start making money. The mission of this web site is to help you create your machine through insightful articles, helpful advice, and answers to your questions. MTMM helps entrepreneurs, startups and small businesses make their way through launch and profitability