As much as I would love to tell you of how my team
and I did some deep meaningful activity that somehow transformed our group or
gave a deeper understanding of what it means to be entrepreneurs.... I don’t
want to waste your time. The fact that I am blogging on a Saturday is sad
enough. I seriously doubt anything that happens on a Saturday is relevant to
this blog in the slightest other than the fact that I was persuaded into buying
two avocados from a rather sly street vendor. He demonstrated very good entrepreneurial
skills by lulling me into a false sense of security with outrageously low
prices. Two avocados’ for R10... I know, it’s ludicrous!(And not like the
platinum selling rap artist). The price of his product instantly positioned the
product favourably in my mind (the consumer).
His placement wasn’t particularly good seeing as he was in the middle of
the road, which is in terms of his safety of course. His daredevil behaviour
got my attention and it was convenient for me to buy avocados without having to
get out my car.
I later realized that what can only be described as
‘door stoppers’ were in fact arguably the hardest avocados in the southern
hemisphere. The day wasn’t a complete lost as this random homeless entrepreneur
taught me something... price is everything. If the price is low enough, the
consumer will purchase the product regardless of quality. We sold our burgers
and Monster Combo for R20 at the 1st cake sale and we plan on
maintaining our extremely low prices going into the 2nd cake sale.
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