Month: August 2012

by Behzad on Business Model, Sales

Manipulate The Law of Supply and Demand

A great article by Niel Patel

  1. Positioning Yourself as a Rare Commodity
  2. Gain Control Over Supply
    1. Your Schedule
    2. Your Position
  3. Manufacture Demand
    1. Begin with Evangelists
    2. Tell Them What to Share
    3. Plant Seeds
    4. Water the Seeds
    5. Allow the Seeds to Germinate
  4. Never forget Lesson #1

Source: http://www.quicksprout.com/2012/08/16/how-to-manipulate-the-law-of-supply-and-demandand-make-a-lot-more-money/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Quicksprout+%28Quick+Sprout%29

 
by Behzad on Business Model, Marketing, Sales, Uncategorized

Basic Laws of Supply and Demand

Supply and Demand:

P – price
Q – quantity of good
S – supply
D – demand

The four basic laws of supply and demand are:

  • If demand increases and supply remains unchanged, then it leads to higher equilibrium price and higher quantity.
  • If demand decreases and supply remains unchanged, then it leads to lower equilibrium price and lower quantity.
  • If supply increases and demand remains unchanged, then it leads to lower equilibrium price and higher quantity.
  • If supply decreases and demand remains unchanged, then it leads to higher equilibrium price and lower quantity.

Source: http://www.quicksprout.com/2012/08/16/how-to-manipulate-the-law-of-supply-and-demandand-make-a-lot-more-money/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Quicksprout+%28Quick+Sprout%29