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by Gormo
693 days ago
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And the measure of how well you are making a great product, creating something that would otherwise not exist, or improve some other product or process is how much your customers are willing to pay you for what you are doing. If you are creating value for other people, you are making money -- money is a measuring unit that quantifies transferable value. |
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A perfect market is one where
- alternatives can be created for little to no money so they can easily exist
- consumers have an infinity of time, money and energy to analyze products
- consumers have total agency over their decision
- picking an alternative has no cost, no drawback
- it is possible to buy nothing and still be content
There are 0 markets that fall under those conditions. The measure of how good your product is is not in its sales figures it is in... reviews.