Quote:
Originally Posted by azjc
I would build the business for the mainstream and offer the lowest price possible and make the money on volume of sales...otherwise if you do what you are suggesting your product will be expensive trying to sell to a very small market(Mostley adult men who have the resources to buy the ESC.) My goal would be to become the Traxxas of the ESC market and try to get more kids involved asking thier parents to buy the product for Xmas/birthday
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Yes, good one. That is one of the concepts I learned a while ago when I used the be a Stock Broker. I now use the same in my business. You will find some posts that I've made here and in other forums saying the same thing. I make more money selling more electronic components and I don't like making less profit selling at a higher price. This is what I'm trying to get from anyone who post.