Comments on: Necessity is the Mother of Invention http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/ the mark cuban weblog Wed, 23 May 2012 23:53:50 +0000 hourly 1 http://wordpress.com/ By: When the Going Gets Tough, The Tough Get Creative « Financial Advisor’s Blog http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-64544 Thu, 07 May 2009 20:24:13 +0000 http://blogmaverick.com/?p=1199#comment-64544 [...] The young entrepreneurs over at Tees and Tats faced a real challenge when the economy took a turn. As merchants of high-end, limited edition tees, they found themselves in a situation where the economy was having an impact on their sales. Instead of giving in to what some would say was inevitable, they got creative and came up with a program to draw business. And they used the economic conditions as part of their program, tying the Dow Jones Index into their pricing platform. In essence they offered a rebate for every 100 points the Dow decreased. You can read their story here. [...]

]]> By: So you think the economy is hurting your sales? » Sales Chump - Sales Blog, Sales Tips, Sales Training and more! http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-64542 Thu, 07 May 2009 19:52:12 +0000 http://blogmaverick.com/?p=1199#comment-64542 [...] The young entrepreneurs over at Tees and Tats faced a real challenge when the economy took a turn. As merchants of high-end, limited edition tees, they found themselves in a situation where the economy was having an impact on their sales. Instead of giving in to what some would say was inevitable, they got creative and came up with a program to draw business. And they used the economic conditions as part of their program, tying the Dow Jones Index into their pricing platform. In essence they offered a rebate for every 100 points the Dow decreased. You can read their story here. [...]

]]> By: Faol-Inc.Com - Education Guide » When the Going Gets Tough, The Tough Get Creative http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-64534 Thu, 07 May 2009 13:09:30 +0000 http://blogmaverick.com/?p=1199#comment-64534 [...] The young entrepreneurs over at Tees and Tats faced a real challenge when the economy took a turn. As merchants of high-end, limited edition tees, they found themselves in a situation where the economy was having an impact on their sales. Instead of giving in to what some would say was inevitable, they got creative and came up with a program to draw business. And they used the economic conditions as part of their program, tying the Dow Jones Index into their pricing platform. In essence they offered a rebate for every 100 points the Dow decreased. You can read their story here. [...]

]]> By: OPEN Forum by American Express OPEN | | When the Going Gets Tough, The Tough Get Creative http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-64532 Thu, 07 May 2009 12:30:19 +0000 http://blogmaverick.com/?p=1199#comment-64532 [...] The young entrepreneurs over at Tees and Tats faced a real challenge when the economy took a turn. As merchants of high-end, limited edition tees, they found themselves in a situation where the economy was having an impact on their sales. Instead of giving in to what some would say was inevitable, they got creative and came up with a program to draw business. And they used the economic conditions as part of their program, tying the Dow Jones Index into their pricing platform. In essence they offered a rebate for every 100 points the Dow decreased. You can read their story here. [...]

]]> By: sclog » Blog Archive » Things are looking up: a Friday roundup http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63969 Mon, 20 Apr 2009 15:34:51 +0000 http://blogmaverick.com/?p=1199#comment-63969 [...] And what’s fueling the turn around?  Innovative people like Jeremy Parker, who’s story is told on Mark Cuban’s blog. [...]

]]> By: Joe Smiley http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63784 Tue, 14 Apr 2009 21:16:53 +0000 http://blogmaverick.com/?p=1199#comment-63784 Jeremy is right, it’s all about price… but unfortunately, he’s going about it the wrong way. His methodology, along with the dominant pricing methodologies in most businesses have not changed much over the past 30 years (e.g. cost-plus rules, margins, everyday low prices, etc.), as these approaches don’t address something fundamental about the price structure: that near-microscopic up or down tweaks of individual prices throughout the firm’s voluminous opportunity set can result in dramatic profitability gains. These “tweaks” are quantitatively-derived outcomes of analyzing the cross-elasticities between all of the products (SKUs) on offer and the customer demographics, geographic locations, marketing vehicles and distribution channels, as well as outside influences such as seasonality, macroeconomic forces or competitor actions. This process, i.e. Scientific Micromarket Management, allows you to assess how each customer values your product and offer that exact price every day in every market. Here at Sentrana, we have enabled impacts for Fortune 100 clientele that typically result in 1-3% revenue growth, 6-9% gross profit growth, and 12-18% gross margin growth!

]]> By: Michael Lyubomirskiy http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63657 Thu, 09 Apr 2009 22:37:42 +0000 http://blogmaverick.com/?p=1199#comment-63657 isn’t there something wrong about such a “business model” being glorified by noting it in the first place? Who needs t-shirt resellers? Hasn’t Mr. Cuban meet any REAL inventors in his life for a change? (cough, cough, cough :) )

The “necessity is the mother of invention” saying is incomplete. Necessity does in fact drive invention. BUT! You have to be smart enough to be actually able to INVENT the invention when it’s needed. I mean it’s not like the execs worldwide are without necessities nowadays. Well, and so what? If they are incapable of inventing anything useful, any meaningful solution to their problems, then so much for necessity and invention, right? The reign of the “proven track record” non-entities will continue until the time when they finally destroy their own nest through mismanagement beyond repair.

Cheers,

Michael

]]> By: Christopher Whitlatch http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63643 Thu, 09 Apr 2009 19:05:17 +0000 http://blogmaverick.com/?p=1199#comment-63643 Hi Mark,

We have a project that we hope will assist entreprenuers. My StartUp Site is a public beta of a startup community. It is free to sign up and startups can post a profile and blog about their business absolutely free. We hope to add more features in the near future and invite all feedback from entrepreneurs as to what they would like to see. Help us spread the word to all entrepreneurs to visit http://www.mystartupsite.com.

Thanks,

Chris and The My StartUp Site Team

]]> By: david smith http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63097 Wed, 01 Apr 2009 14:41:42 +0000 http://blogmaverick.com/?p=1199#comment-63097 All you who disapprove of these luxury tee-shirts: They’re out of my price range too, and I probably wouldn’t be interested in anything designed by a tattoo artist, but you know–it’s the guy with the money who decides. The customer. Not the social planners. At least that was the original idea. Go ahead and disapprove of Jeremy’s product, clientele, or business model as much as you want. That’s your business. You vote with your money. Others will vote with theirs. But don’t go trying to substitute political action for economic.

]]> By: Indiana John http://blogmaverick.com/2009/03/20/necessity-is-the-mother-of-invention/#comment-63093 Wed, 01 Apr 2009 12:39:57 +0000 http://blogmaverick.com/?p=1199#comment-63093 When the buyers go hungry they can sell their tatoo shirts on ebay. While I don’t know what Jeremy Parker will be doing in 5 years, I do know that he will not be selling tatoo shirts.

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