The Margin Manifesto - A great read for internet retailers
Every internet retailer should read The Margin Manifesto - in this day and age of “oh, just give stuff away” and companies openly admitting that they are “pre-revenue” The Margin Manifesto is something that actually makes sense from an internet retail perspective.
The advice actually seems pretty intuitive and obvious, but as a friend remarked yesterday several business people want to “have the wedding, but not the marriage.” They want the business cards, email address, website, etc., but not true fiscal responsibility.
Profits continue to drive valuations even when hype is punished by the market.
11:35 am
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Ahhh wisdom. The stuff that comes after you need it. This article makes me think of Overstock.com and the things they must be struggling with right now. Nice article.
Comment by john — July 2, 2007 @ 9:21 am