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Quality or Quantity? Which One Will Make You Rich? |
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Monday, 05 May 2008 |
In my opinion, both are great ways to make you rich. If you don’t have quality, then shoot for quantity!
For example, quality products have always been expensive in the market. Although not everyone could afford it, but you only need to sell a small amount to make up the loss of quantity because of the price. Think of Prada bags, it costs several thousand of dollars and you only need to make a sale which would bring in high profit margin.
On the other hand, if you don’t have quality, then shoot for quantity! Mass produce something to make your cost down while selling it in huge bulk would bring in the cash.
So which one do you prefer? Quality or quantity?
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