Friday, March 2, 2012

Do you think an individual today can rise from "rags to riches" like Andrew Carnegie did? Why or why not?



For someone to rise from “Rags to Riches” like Andrew Carnegie and become a successful person just like him, it will be depending on what they are producing. For you to sell a product when you are not a wealthy person you will require some spending money first to make the product you are trying to sell. Today a lot of products that are being sold are broadcasted on television and the internet which is 2 of the top occupied entertainments.  Back then when television and internet was not available the only advertisement method was posting paper ads on phone booths, lamp post, walk-in store flyers and etc.

Today a lot of big business owners are relying on what they are trying to produce and release to sell all over the world. If nobody buys their products then that means the company makes no benefits from what they sell. For example, when a pair of sneakers is released to sell, such as the Nike Galaxies, there are limited amounts that are made. As for the Nike Galaxies, the retailed price when they are released is $225.00 and after no longer then an hour when they are purchased people resell they to other people that want the shoe so they can make it more expensive to gain a profit. People buy very expensive shoes because some particular shoes are made only once in a lifetime. The Nike Galaxies today can be sold for almost $2500.00.

If you think companies make a lot of money because they make much more of their products and people sell them, then you’re wrong. The Nike galaxies were released in every city and only certain stores have been given the right to sell them which was only less than 3 pairs a store. Basically what I am trying to refer is that if you make less of a product and also once in a lifetime then they can become very expensive very soon and extremely expensive later. If you are willing to start a business you better know what you’re doing and selling and also you better be ready to handle the consequences.


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