I would like you all to read this text, because it discusses the very important subject of Price versus Value. Many people belive they are both the same thing, but they really aren't, because Value is a very, very subjective thing which means Person A may think the ball you are selling is worth $100 while the other persons wouldn't buy it for more than $10. That is how the stock market works. Many millions of people each day quote their subjective view of how much a company is worth (it's Value).
Salespeople and marketing people know this very well. That is why they know the importance of presenting things in their best light in order to get more money. In order to have people Value the things sold, higher.
Con men are equally, or much better, at this art form. They can sell fake products/services for the same price as the real thing (selling a fake painting for millions just because the real originals is sold at such a price normally etc). I read a great article a couple of days ago (I will see if I can find it again for you guys) where the story was about fake investment companies selling non-existing shares. I wouldn't recommend anyone to do this, but you gotta hand it to the con men. They are great sales people and they absolutly know the correlation between Price Vs Value (And they of course know the human mindset and how to play on peoples emotions, but that is another thread).
Have a good read:
http://www.appraiser4jewelry.com/archives/2005/05/price_vs_value.html
Salespeople and marketing people know this very well. That is why they know the importance of presenting things in their best light in order to get more money. In order to have people Value the things sold, higher.
Con men are equally, or much better, at this art form. They can sell fake products/services for the same price as the real thing (selling a fake painting for millions just because the real originals is sold at such a price normally etc). I read a great article a couple of days ago (I will see if I can find it again for you guys) where the story was about fake investment companies selling non-existing shares. I wouldn't recommend anyone to do this, but you gotta hand it to the con men. They are great sales people and they absolutly know the correlation between Price Vs Value (And they of course know the human mindset and how to play on peoples emotions, but that is another thread).
Have a good read:
http://www.appraiser4jewelry.com/archives/2005/05/price_vs_value.html
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