Usually high margin has some sort of entry barrier, with skill being one of them. If not everyone will rush in to erode the margin. Ultimately it’s supply and demand. Nvidia has a gross margin of 8-900 percent. Their customers didn’t like it because they have no choice.No Sir. I fairly understand the difference. I was just blown away by the fact that someone who can just cut grass, or paint a wall can make a million dollars in the Developed nation.
No. Margin depends on the Niche.
Its comparatively easy to grab a 90 percent margin in a niche, but when volumes grow, the net profit figures matter more than the percentages.
You are comparing selling time with scalability. Not high skill vs Low skill. You need to solidify your business basics.
No. Its usually the people with resources don't want to enter specific Niche. They want to enter global markets.
They own 1.4 million square metres of land as their plant, employ 200,000 people and they are worth 23 billion Dollars.
You're always answerable to your customer. An iPhone customer demands instant answer from apple. Foxconn enjoys the 30 min window. LOL
Yes sir. It's all about money. And that's why you're here as well.
Since apple users are OK with these norms, foxconn doesn't give a middle finger to these issues. They manufacture for Apple, and Apple users are ok with these norms either.
It's Apple's responsibility not foxconn !
I agree that the youth is more comfortable in sitting behind a computer, in a hope that since they have joined a group, they will be entrepreneurs really soon.
And scalability depends on the entrepreneur and his product.
The sales pitch of "from laptop to millions in a weekend" is more attractive to youth as compared to "let's sell what we make and forge an empire with blood, sweat, grease and Oil" ..
Good for me, keeps the competition away .. ha ha !
Unless I become a part of a revolution like dot com bubble (AI revolution is not here yet and it won't be available for general public), I can only literally "forge" (manufacture) my way up .. LOL ..
(BTW, foxconn manufacturers 500,000 iPhones a day .. is there a company across globe that does 5000 lawns/windows/floors a day?)
The barrier to entry on cleaning and cutting grass is probably perception. As long as most young people believe that the gold is in a career or a laptop at home business, they will ignore outdoor hands-on business… until a day it doesn’t.
I don’t think that kind of margin for cleaning, painting and cutting grass can last forever. A pivotal moment might come in 5-10 years.
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