benp84
Joined 13 years ago
Joined 13 years ago
Now suppose my cost to produce goes from zero to $0.99 per unit, which drops my profit to $0.01. Now that 1% increase in price that only drops sales by 1% is well worth it because my profit per unit doubles. The profit-maximizing price is now likely well over $1.
* Based on 122,000 PB/month in 2017 from https://en.wikipedia.org/wiki/Internet_traffic, if my calcs are right
If it had been called a "high-speed toaster oven" or maybe a "digital grill" I probably would have bought one sooner.
Can't remember source but heard this theory on a podcast.
> "Most implausible-sounding ideas are in fact bad and could be safely dismissed. But not when they're proposed by reasonable domain experts."
> "The lowest form of all is to dismiss an idea because of who proposed it."
I feel like he's prematurely dismissing the idea of dismissing an idea based on who proposes it because of who he's imagining doing (proposing) it, if that makes sense.
I suspect coders "forage" more than this time-based model predicts because it's cognitively easier than deciding where to "navigate" or how to "enrich".
As a solo dev I relate to this frustration with over-engineering but I can imagine its benefits for big teams.