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Ted Demopoulos Ted's contact info
Ted lives in Durham, New Hampshire, USA, with his wife Margaret, children Jamie, Amelia, Anastasia, and dog Tyler. He consults and gives keynotes on Technology, Security, and Business. He loves flyfishing, ham radio, and great food and wine.

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Two for a nickel, three for a dime

The earliest entrepreneurial activity I remember was selling seashells to tourists with my cousin George.

"Two for a nickel, three for a dime," was our pitch as we displayed our wares, moving up and down the beach from person to person. We'd easy make a few bucks in an hour or less - a fortune for 5 year olds.

Wait, "two for a nickel, three for a dime" makes no sense! Why would anyone buy a dimes worth when a nickels worth was a much better deal. Why not just buy two nickels worth?

But most people bought a dimes worth!

I realized then that emotion sells. Logic and common sense had nothing to do with it!

I also learned you need to ask for the sale. Approaching and asking specific people worked wonders, while just displaying seashells was a bust.

I'm slowly relearning what I knew as a child . . .

Comments on "Two for a nickel, three for a dime"

 

Anonymous The Hairy Beast said ... (Monday, August 21, 2006 1:50:00 PM) : 

We all had a lot of fun at that beach, didn't we Ted?

Update your blog dude, I added you to my blogroll, now my readers need to see something when they click on your link.

 

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