Most of the products we purchase are made at ridiculously low prices, resulting in huge markups and profits for multinational companies. I'll be talking a lot about markups going forward.
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Be Amazed at The Real Cost Of Things You Buy! Mattresses - Within the furniture industry, the mattress sector is far and beyond the most lucrative, with markup prices veering from the expensive to the extreme. Popcorn - Popcorn and movies have always gone hand in hand, but the price of popcorn at movie theaters has undergone massive price hikes over the years as cinemas search out new revenue streams as studios take more percentage points on each new release. Test Messages - Remember the days when text messages were free? Printer Cartridges - Being able to print documents from the privacy of your own home is a convenience we all want, but it also comes with an added expense.
Textbooks - It costs about $11 to print a new addition to a standard algebra textbook, though college students often end up paying a retail price of over $200, a markup more than 20 times manufacturing fees. Electronics - Electronics are now essential parts of our everyday lives, from remote control devices to cables, calculators, and more. Shoes & Clothing - The price we pay for clothes can vary dramatically from brand to brand, but one component that remains the same is the mark-up of items purchased. Seasonal Gifts - A cheap card typically costs one or two dollars and premium cards can go for upwards of eight dollars. Drinks - We're all serial drinkers, from breakfast through dinner, from filtered waters, coffees and smoothies, beer, wine and beyond. Apple iPhones - Most of us can't live without our smartphone and Apple leads the market in this realm. Though Apple never releases actual production costs - according to analysis by research firm IHS Markit , the base model of the Phone X with 64 gigabytes of storage costs approximately $370.25 in raw parts.
Obviously we're analyzing the cost of production throughout the whole video, but remember companies have lots of additional costs and overheads which we didn't account for. Either way, I hope you found some of these as interesting as I did! Which one surprised you the most?
A picture? NO. I just checked the Solidworks Visualize and Visualize Boost minimum requirements and your M1710 was WAY below those specs.
here's the specs of what Solidworks recommends.
8GB of RAM, 16GB recommended. Your M1710 only has 4GB MAX. Well below the recommended amount of RAM.
2GB of GPU RAM. 4GB recommended. Your M1710 only has 512MB. HUGE discrepancy.
Did you pay $2600 to $4200 for the Dell back in 2013?
Running and running well are two different things. Why would run a high end app that isn't performing well? That's kind of silly, don't you think?
Now, please explain iOS on a Mac? Wrong OS. macOS runs on a Mac and iOS runs on an iPhone/IPad, neither of which are a laptop.
If I send a picture of it running solidworks 2016 would you be happy? If I send a picture of it running solidworks 2016 as my wife and I hold the M1710 we met on in 2005 (2006).... Would that make you even more happy? solidworks 2016 will run on intel integrated graphics even. Poor performing, but runs nonetheless.
You may very well be correct on the date, but for some reason late 2005 sticks into my memory. I also met my then future wife on it. Perhaps my memory is indeed turning to crap, but late 2005 is when we met (or was it 2006.?.. Dont tell her I may have forgotten). When I get back to the states from Europe, will check the date code as I am now curious. So make it a 12 year old going on 13 if I am displaced by a year. Regardless, it has been a very durable machine.
It's my CAD workstation... "Portable" workstation. Probably had a trouble free GPU as it was not primarily for gaming. I never had overheating issues, but again, I wasn't gaming too much. I used it for OrCAD and Pro-E. Now it has solidworks and KiCAD.
Solidworks? I just checked and Solidworks requires a lot more in terms of specs than the 13 year old Dell even has. So, either you are making this up, or you are using a VERY old version of Solidworks that's out of date.
Salon/Professional Hair Care Products are marked up 100-250% Generally. Everything is marked up, But ANYTHING Attached To a "Special Day" Like a Wedding, Funeral, etc is HIGHLY Marked Up! The Flower markups shown in the video are conservative LOL
Huh? You don't got free sms in the US?🤔 I do not belive that.. I know you have simular deals as we got.. In Norway we pay for an amount of data and get "unlimited" (10-20.000 depending on the company) call minutes, sms and mms included. But data prices could be lower though🤔
1:00 I bought my mattress online and paid much less than listed price. The manufacturer still made a nice profit by not paying the retailer
In addition, the mattress was shipped in a sturdy woven HDPE plastic shipping bag which is really handy
4:40 Nowadays, you can take the risk of adding (separately bought) continuous ink supply tanks to your print head instead of buying their ridiculously high priced bottles. If you print a large no of copies, it really works out cheap
Of course, Epson have bowed to the inevitable and intro (costlier) models with OEM continuous ink supply!
this video is probably a basic top 10 list now in 2018 publicly available information anyone can find with a quick google search but think back in history can you believe not long ago maybe even as recent as now there was a time when these company names the prices numbers specifically back then was probably a highly classified big time top secret hidden information from spies , all this use to be top secret highly classified information where people lost lives killed murdered tortured by opposition companies & opposition countries sadly because different countries would catch so called spies trying to leak trade secrets caught in the act maybe they escaped jail god knows the maybe lived to tell the story or even died with hidden secrets either way their sacrifices eventually leading more or less our freedom today all for which we take granted today , which is all free information that's widely available now in the present & future most likely but in the past where everyone seems to forget the people who sacrificed all deserve utmost sincere gratitude respect they deserve all the credit & hopefully should be remembered as
Mark-up is actually = Sale price - (manufacturing cost + management cost + legal cost + soft cost)
So the better the salesforce the better the mark-up!
Of course when you talk about corporations like nike and apple ...
the manufacturing cost is close to inexistent due to their disgusting business ethics!...so mark up is drastically huge!
Why mattresses are so expensive and so cheap to manufacture is because a lot of money goes into research, innovation, and testing to ensure you that your mattress is comfy and the right method and materials are used. That can get a bit pricey and when people only buy a mattress every 5-10 years they need that money.
lol slightly misleading title: I took it to mean "expensive things to buy that are cheap *when you make them yourself*"! But interesting anyway.
What about the markup on branded medical drugs? branded ££, unbranded £
Watching this video and INSTANTLY knowing it's gonna be GOOD!! I never understood why Mattresses are so expensive. The strange part is, everyone I told about it always tries to defend the mattress industry. Like, "You keep your mattress for many years, so if you don't want to ruin your back, you really have to pay a lot of money to get the best possible quality". As this video clearly points out, the markup is way beyond ridiculous.
leader in smartphone market? When was apple the leader? it may have the highest revenue per model. This hyped brand only has hypes and a face in the name of entrepreneurship with worst monopoly practices even surpassing Microsoft.
Haha, iPhones are easy to use? Come on!! Android is so much more user friendly. Apple can afford to keep prices high because their products give some kind of wealth status for the snobs, and all those wannabe models who conveniently takes selfies in mirrors while showing off they have an iPhone, LOL!
I dont like apple bcs the fking company things its better than Android mobiles, but its the SAME! Just about preference... But there will be still some people like hitler.... Yes, thats the same case....
Mattress sales in the western world have been a MAJOR scam for decades!!!
I bought a Samsung Hi-Fi VCR many years ago (I'm ancient!) for $29, at WallyWorld. I took it apart just to see how well made it was. or wasn't. It was as well-made as any I've had, and I've had scores. A few weeks later I had to buy my son a new mattress, and the cheapest we could find was close to $600!? So a nice Hi-Fi VCR (and remote!) with hundreds of parts, design and manufacturing processes costs $30, and a mattress with about $30 worth of materials and minimal amount of assembly cost 200 times more!? What crap!!! And that VCR still works today (sad that I still use these, but...). There ought to be a law against such thievery!
Ever notice how many new mattress brands have popped up over the past few years, such as; Sapira, Helix. Leesa, Tuft & Needle, Nest, Casper, Bear, Eve, 4Sleep, Lull, Keetsa, Hyphen, Purple, etc.. I wonder why, hmmm!?!?!
What alternate reality are you living in where iOS devices have majority market share in the phone/tablet market? As of October 2018 Apple only has an 11.9% market share while Android's market share is over 80%.
I worked designing, and wholesale marketing product (holiday decor) for 15 years. What most people don`t realize is that the AVERAGE cost of any item once it hits retail is approx 6 times the cost the company pays the factory that makes it. EVERYTHING you buy, even if it was a buck, was about 1/6 of that price initially. There are taxes, and tarrifs, and shipping to factor in, plus items are first sold wholesale to retailers, who then must mark up the cost again to turn a profit, and stay in business.It`s not always pure greed that fuels high mark-ups. Certain countries highly tax certain classes of merchandise, or components thereof. For example, Snowmen were a hot holiday theme a few years back. US customs jumped on this and any bill of lading that had the word snowman in the product description was taxed out the ass! So that`s why some Christmas stuff used odd descriptions of "snow man" on the packaging...It wasn`t just Chinglish!
Yeah so research, development and building commercial infrastructire can run up bills into millions, billions and some times even trillions. But nah, companies shouldn't seek to recuperate those expenses throug the sales of goods and services. The money that paid for everything leading up to you getting that product or service, just wasn't real. And there is definitely no huge industry with tons of employees behind the production of a product. Oh no.Only cost is raw materials, distribution and marketing. But thats ok. Why don't you gather your $2.50 for raw materials and go make me a top shelf Intel or AMD desktop processor. Or make it so that I can write a message here, and have someone on the other side of the planet be able to read it, in less than a second, for 1/7000ths of a cent. Or take your 20 cents and "make" me an effective HPV vaccine.
Home internet and cable TV is overpriced too which wasn't mentioned. This is because in a lot of areas there really isn't any competition. Sure you can go with satellite but not if you live in most apartments, so these people only have one option usually. Now providers can give us pay for the channels you watch, but then they'll make less money because most people only watch a handfull of channels so a lot of people pay for over 100 channels we don't watch. With internet most people have one option good option. Where I live I have Spectrum. I can go with Verizon DSL but I'll be overpaying for 7MB/s at (last I checked $40/mo).
These companies may say its because of R&D, marketing and shit like that but that's bull. This administration isn't halping either taking away our net neutrality.
This is why I despise Capitalism. If people would actually band together and defy their corporate overlords and refuse to pay these exorbitant rates these scamming practices would cease. Instead the majority have been brainwashed to defend the entire practice, to their own determent, to the point of heaping scorn upon anyone who would question the status quo.
since when was apple ever easier to use?
the one mouse button days.. "who needs three buttons when we can get by with just one.."
well, it required more effort to do the simple tasks accomplished by simply pressing your right button.. so..
fuck apple and their simpleton followers..
You are way oversimplifying and downplaying the costs of research and development and the cost of employing production and transportation. Yeah, he mentioned it, but then sweeps it aside as "not a good reason" every time.
OVERSIMPLIFIED!!!! These products are not "overpriced". You cannot just compare the price of production to the price sold! That is the worst economics possible. Research and development, advertising, marketing all these things cost a helluva lot of money to run and employ people. It costs to build factories. It costs time to write books. Yes, some of these are a little over the top, like the printer cartridges and I think it is quite ridiculously the contracts textbooks have with professors, however this is another way for teachers to earn a little more to survive. There is always an explanation for why these products are more expensive than simply "Cost of production v. cost sold".
Thanx for the knowledge...but i had already know that most items we purchase on the day to day are more expensive for the consumer than for the company. For instance if we buy a 50 ft ethernet cable for $60.00 the company didnt spend 60 bucks making it or else they wouldnt see a profit.
People don't pay anywhere near enough for clothing... its a relatively new thing. In the history of mankind only for the past 60-70 years has the general population been able to afford a "wardrobe" It used to be that you had 3 outfits in rotation if you were lucky and if something broke or tore you'd fix it... If it wasn't for cheap and inhumane labour in Asia, a men's suit would 1) look like a potato sack and 2) never be under 1000$ for something simple... women would never get married in a princess dress unless they had 15000$ to blow on it and shoes would be repaired over and over until they fell apart and cost upwards of 1000$ a pair... the reason clothes are so cheap these days is that we enslave workers to make them for us and they are meant to be disposable.
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