Quote:
Originally Posted by West Karma
What someones pays for something and then turns around and sells it for is really not relevant. Out costs are far more than what you state here, then we had on overhead, sales commission, shipping/receiving, advertising and our warranty. Obviously, we do end up with a profit! I hope that is OK??? I assure you it is not 10-20 times our money though! That is not how this business works!
I use to work at a major electronic store and they bought speakers for 50.00 that retailed for $500.00. Real Estate Developers build something for $100.00 a square foot and sell for $350.00 a foot. Its called free enterprise.
We do not make medical claims and NEVER will. People are more than welcome try the bracelet or not - this is their decision.
I will let you all carry-on your thread!
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For the owners of Power Balance, the profit is likely closer to 1000-2000%. Salesmen down the line don't make as much but that's how it works and it likely operates on a pyramid scheme type organization also in recruiting the lower tier sellers of the product. If anything, I'm shocked that pyramid/MLM companies like Amway don't have their own version of this yet. It's a cash cow.
I don't know where you got the idea that I am saying that free enterprise is bad, I'm just pointing out how much profit is being made on these and if you are in on it, well, you should be making money.