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Comment by lelanthran

14 hours ago

> What you've discovered is that prices are all made up. If we think about how to price a product, say a chair, from first principles, you'd take the cost of the raw materials, the time it takes you to turn those raw materials into the finished product, add a %age profit on top, and call it a day. In the real world though, that's not how pricing things works. You have a product, which costs $X in raw materials, and then you just... make up a number, $Y. Hopefully, $Y is much greater than $X, and you're able to make a great living off selling your chairs. Maybe you're called Eames and people will pay you $5,500 for your chair/lounger, maybe you're Office Depot and sell them for $129. Maybe you're not very good at chairs, so they're not level and then you can't give them away, not even to your friends.

It's just common-sense though - if the market is willing to pay me $100/widget, why would I sell it for `($10 cost to manufacture + 35% markup)`?

The new lower bound for simple side-hustle apps now is virtually zero. All you need is a computer, electricity, internet and (optionally) $20.