Cost is irrelevant - Deepstash

Cost is irrelevant

What if it didn’t matter how unprofitable you were? How much value could you deliver if you thought of the product as an exercise in philanthropy?

It can be surprisingly difficult to convert money to real customer or business value, If there is a way, it might lead to a new pricing tier.

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martglen

Clinical molecular geneticist

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6 common pricing strategies for small businesses (part 1)

  • Cost-plus pricing: You make the product, add a fixed percentage on top of the costs, and sell it for the total.
  • Competitive pricing: It refers to using competitors’ pricing data as a benchmark and consciously pricing your products below theirs.

How to calculate net worth

  1. Add up the total valued of your cash and other assets. Items could be cash, stocks, bonds, DCs, 401(k), real estate, the money you're owed. Your goal is to determine how much these assets would be worth if you were to convert them into cash.
  2. Then subtract all...

It is OK for you to have money

It is OK for you to have money

No matter how much money you have, there is a risk of social comparison. It can cause people with money to do less than they could.

Instead, it would help if you asked what meaning a life of wealth should have. Our responsibility and opportunity are to make the world a better place.

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