Economy for Stupid
"I want to draw a cat for you. I want to draw a cat for you...."-Steve Gadlin
I watched an old segment of Shark Tank season three in which an entrepreneur came on the show, danced for the investors, and asked them to invest 10k for 25% of his company. He charged about ten dollars to create a drawing and post it on his website so that the person can download it.
When introducing the idea he said, "There is an economy for stupid and I am overflowing with it." I could not resist writing this line down. It made me wonder if he is correct that people want to buy stupid stuff.
If we look back to the seventies we see the pet rock. Paint a cute look on a rock, put it in a cute box and ship it to people. Millions later the entrepreneur is laughing all the way to the bank. Remember the cabbage patch kids? Elmo?
Same types of examples can be found for the eighties, nineties till today. People are interested in buying things that fit the economy of stupid idea. The only question is how do we exploit it and make money?
Today's question is:
"What can you contribute to the economy of stupid and make money?
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