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Price of related products and demand | Microeconomics | Khan Academy
 
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How changes in the price of related goods can shift demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/change-in-expected-future-prices-and-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/law-of-demand?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 617499 Khan Academy
How to Create Demand for New Product
 
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I'll walk through a few tactics to generate demand for a new product or service. I'm using these tactics right now as I launch http://Mailshake.com and prepare to relaunch http://Linktexting.com
Views: 3372 Sujan Patel
Factors Affecting Demand.
 
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Transcript: Let’s imagine we are all consumers. What makes us want to buy more apples or fewer apples? Prices. At $2, we’ll say, nah, it’s too expensive. Let’s just get 1. But if the price drops to $1, we’ll say, cool, let’s get 3 apples now. Tastes and preferences. Hey, I saw an advert today. Apples are good for health. All of a sudden, I want to buy more apples. When tastes shift towards apples, demand for apples increases. Price of complements. We say goods are complements of each other when they are normally bought together. For example, printer and ink cartridges. Or bread and jam. If bread gets cheaper, what happens to our demand for jam? Well, bread gets cheaper, we buy more bread, so we’ll buy more jam. Price of substitutes. Substitutes are goods that are bought for the same purpose. For instance, Pepsi and Coke are substitutes. When price of Pepsi drops, we’ll start to think, hey, let’s buy fewer cans of Coke and switch to Pepsi. They are the same thing anyway. So when price of Pepsi drops, demand for coke decreases. Income. You know, we all have this lust for material stuff? And we think that when we make more money, we are going to buy more of this and this and that? These type of goods are called normal goods. When our income increases, we want to get more normal goods like cars. There’s another category of goods called inferior goods. For example, food from roadside stalls. Perhaps your income increases and think, this food is inferior! You have more money, you want to eat in a restaurant now. When our income increases, we demand fewer inferior goods. Expectation of prices. “There’s a drought going on in Thailand. Shortage of rice in the near future is expected”. Crap, no rice? Man, I think price of rice is going to increase. Better go buy and stock up some rice now. So if we think future prices of rice will increase, our demand for rice today increases. Population. When the number of people on an island increases, the demand for houses increases. When population increases, demand for something will increase. So this is the summary. But hey, there are so many factors affecting demand. I’m getting confused. How do I graph the demand curve? If you like this video, remember to like and subscribe. Next up: The demand curve. _____________________________________________________
Views: 43483 Economics Mafia
How Substitutes and Complements Affect Demand
 
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This video shows how changes in the price of a related good (a substitute or complement) can affect demand for a good. Decreases in the price of a substitute decrease demand for a good, while increases in the price of a substitute increase demand for a good. Conversely, decreases in the price of a complement increase demand for a good, while increases in the price of a complement decrease demand for a good. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin
Views: 28806 Edspira
10 Psychological Triggers to MAKE PEOPLE BUY From YOU! (How to Increase Conversions) Sales Tricks
 
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Use these 10 proven psychological triggers to get customers to BUY MORE from YOU! ►► FREE WEBINAR - $5 Million/Year Training: http://wholesaleted.com/go/workshop2 ►► WATCH LAST WEEK'S VIDEO: https://youtu.be/Br--4ggyMaU ***OTHER LINKS*** ►► 10 Sales Psychology Hacks: https://youtu.be/q-7_oc3sU5Y ►► Brutally Honest Store Review: https://youtu.be/jHoL0yg0Lo0 ►► Why You Aren't Making Sales: https://youtu.be/NqhaDTsCEe8 ►► https://www.facebook.com/delish/videos/10156441757252437/ Learn 10 psychological customers to make customers buy more items from you! Sales psychology is a secret weapon - yet most people fail to obtain it. Here are 10 of our best psychological “triggers” that you can use in your store today to increase sales and conversions. Trigger #1: Incite Customers to Buy by Giving Them Something for Free When you give a customer a freebie like a coupon, we trigger the social norm of reciprocity. When someone does something nice to us, we feel a strong obligation to return the favour. Use personalized coupons that offer someone a unique discount. For Amazon sellers, include a coupon inside the customers packaging. Trigger #2: Create Envy with Customer Reviews Customer reviews help to create envy in your prospective customers. If we see our neighbours benefiting from something, we become envious and want to receive this benefit too. And so that’s what positive product reviews do. If you’ve got a Shopify store, include a review app like Stamped.io that asks customers to leave a review. For Amazon sellers, use Jump Send which also automatically emails your customers asking them to leave a review. Trigger #3: Use Curiosity to Drive Traffic & Engagement Curiosity should feel like an itch you NEED to scratch. The spin-to-win coupon pop-up box is again a good example of this. And for Amazon sellers, a great way to add curiosity to your marketing strategy is to be creative with the review request email titles you use e.g. “I have a favour that I’d like to ask you?” instead of just asking for a review. Trigger #4: Use Photos to Help Customers Visualize If you run an online store, don’t just include the basic photos of a product against a white backdrop. Instead, look for photos that the supplier has provided showing it in a real-life context. And if the supplier doesn’t have these, consider buying a test product and taking your own photos. The same applies to if you sell on Amazon. Trigger #5: Use Photos to Create Emotions in Customers If you run an online store, be sure to include pictures of people using the product and - more importantly - ENJOYING themselves using it too! Trigger #6: Use Price Anchoring to Push Prices Higher Price anchoring is when you place two products with different prices side-by-side, and it’s most effective when there are at least 3 pricing tiers. Most people pick the middle-price product. It looks cheap compared to the expensive option, but people will assume it’s higher quality than the cheap option. It’s the comfortable compromise. Trigger #7: Include Product Pictures with Human Faces Similar to trigger #6, this trigger uses humans - particularly the face - as a way of increasing sales conversions. Consider purchasing a test product and taking your own photo with the item. Trigger #8: Pain Is More Motivating Than Pleasure Pain is a stronger motivator than pleasure. In your product descriptions, emphasize how your product can remove a pain point that a prospective customer is experiencing (and wants to get rid of). Trigger #9: Create a Common Enemy Essentially, this is creating an “Us vs. Them” attitude against a competitor you have. Look at your market or niche you are selling in: Who is your common enemy? Identify who they are and position your product against them. Trigger #10: Phrase Your Prices as Low When you emphasize how low your prices are using words like “only” and “just”, conversions and sales always increase. When you’re phrasing your pricing in marketing materials, don’t be afraid to verbally minimize the price e.g. “It costs just $9.”
Views: 58187 Wholesale Ted
How to Use Scarcity and Urgency to Increase Sales - How To Sell High-Ticket Products & Services Ep12
 
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How can you create scarcity in your business? Watch the whole series here: https://www.youtube.com/playlist?list=PLEmTTOfet46PlgDZSSo-gxM8ahZ9RtNQE Supply and demand, it's the basis of increasing your price. ★☆★BONUS FOR A LIMITED TIME★☆★ You can download Dan Lok's best-selling book F.U. Money for FREE: http://scarcity.danlok.link ★☆★ SUBSCRIBE TO DAN'S YOUTUBE CHANNEL NOW ★☆★ https://www.youtube.com/user/vanentrepreneurgroup?sub_confirmation=1 Dan Lok, a.k.a. The King of High-Ticket Sales, is one of the highest-paid and most respected consultants in the luxury and “high-ticket” space. Dan is the creator of High-Ticket Millions Methodology™, the world's most advanced system for getting high-end clients and commanding high fees with no resistance. Dan is one of the rare keynote speakers and business consultants that actually owns a portfolio of highly profitable business ventures. Not only he is a two times Tedx opening speaker, he's also an international best-selling author of over 12 books and the host of Shoulders of Titans show. Dan's availability is extremely limited. As such, he's very selective and he is not cheap. But if you think you or your brand might benefit from one-on-one interaction with Dan, visit http://danlok.com ★☆★ WANT TO OWN DAN'S BOOKS? ★☆★ http://www.amazon.com/Dan-Lok/e/B002BLXW1K ★☆★ NEED SOLID ADVICE? ★☆★ Request a call with Dan: https://clarity.fm/danlok ★☆★ CONNECT WITH DAN ON SOCIAL MEDIA ★☆★ Blog: http://www.danlok.com/blog/ Podcast: http://www.shouldersoftitans.com/ Facebook: https://www.facebook.com/danlokfan/ Twitter: https://twitter.com/danthemanlok Instagram: https://www.instagram.com/danlok/ YouTube: https://www.youtube.com/user/vanentrepreneurgroup Linkedin: https://www.linkedin.com/in/danlok Meetup: http://www.meetup.com/Vancouver-Entrepreneurs-Group-Business-Network/ Amazon: http://www.amazon.com/Dan-Lok/e/B002BLXW1K Keywords: big ticket sales, high ticket sales, high ticket selling, charge more money, increase prices, dan lok, preimum prices, luxury marketing expert, luxury selling, luxury sales, mastermind group, high level mastermind, high end clients, high end marketing, affluent clients, selling to affluent, affluent chinese, marketing to affluent, consultant, coach, consulting, coaching, speaking, speaker, lead generation, generate leads, professional services, coaching group, done for you service, high ticket sales funnel, closing sales, event marketing This video is about: How to Use Scarcity and Urgency to Increase Sales - How To Sell High-Ticket Products & Services Ep12 https://youtu.be/h4LYG2cot84 https://youtu.be/h4LYG2cot84
Views: 31818 Dan Lok
Your Price is too High: Handling Customer Price Demands
 
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http://www.driveyoursuccess.com Do you need your salespeople to better defend your pricing? Are you tired of them constantly giving in to a customer's demand for lower prices? If so, then this video will help your sales team. The video provides six areas where your salespeople can get your customers to focus on something other than the sticker price of your product. Here are the six strategies to helping your salespeople better defend your product or service's price. 1) Focus on cost-per-use and longevity benefits: If your product lasts longer than the competition, then define that in a dollar value savings for your customer. 2) Quality: Is your quality vastly superior to that of your competitors? If so, then your customer doesn't just save on usage. They also save on inventory costs as your products are less likely to get damage or even fail in service. 3) Can your sales team focus on increased yields and performance? If so, then make sure they use this when discussing pricing. 4) Vendor Managed Inventory (VMI) is a great solution to moving past the price of your product or service. Consignment agreements allow you to ship large volume of product to your customers without them having to pay for it all at once. Instead, they only pay for what they use in the month they use it. Your customer reduces their pricing and their per-unit freight costs on incoming shipments which results in lower inventory costs. 5) Finally, what about adopting a loss leader pricing strategy, one where you keep your primary product's pricing as is, but offer your customer a discount on a less important product. This video will help you answer those customers who claim your pricing is way too high.
Views: 47417 Ian Johnson
How supply and demand affect agricultural prices?
 
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This video is a training material on agricultural value chains to improve relationship between stakeholders and to secure producers' incomes. This animation describes how supply and demand of crops affect their prices. It also talks about real time factors from the farmer to the consumer that are constantly modifying the value chain. + Learn more about our training materials designed to strengthen value chains and agrifood in ACP countries: http://rongead.org/Educational-tools-on-Agicultural-Value-Chains.html + With the support of CTA http://www.cta.int + Video made by Scientific Animation Without Borders - SAWBO, University of Illinois - USA: http://sawbo-illinois4.org/ Cette animation explique comment l'offre et la demande affectent les prix sur le marché des produits agricoles. On parle aussi de facteurs en temps réel qui modifient la chaîne de valeur de l'agriculteur au consommateur.
Views: 8436 Rongead Ong
How to Sell A Product - Sell Anything to Anyone with The 4 P's Method
 
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▸ FREE COURSE: Discover The 10 BEST Ways to Make Passive Income Online (Even If You're A Complete Beginner) | https://passiveincomekingdom.com ▸ [FREE] 🔥FREE BOOK: "The YouTube Success Formula" Discover The 31 Tactics To Start A Six Figure YouTube Channel From SCRATCH | https://bit.ly/2E4OhMh ► Free 11 Questions to Change Your Life http://refusingtosettle.com WATCH PART II HERE: https://youtu.be/RzySC4hmlIs Stop settling start living Clark ____________________ How to Sell A Product so That People MUST Buy - 4 P's Method Promise In this video, I will teach you how to sell so good people will pull out the wallet and say “TAKE MY MONEY”. Before you learn this must promise me: I WILL ONLY USE THIS METHOD FOR GOOD. I WILL NOT MANIPULATE. If you can’t promise that, aka you’re a sociopath do not watch this video. Picture If you’re watching this video I’m willing to bet you’ve had to SELL something at some point in your life. physical product? IDEAS? Sell yourself in an interview. Whatever it is, picture having a method that works for anything — A master key in the back of your pocket you can pull out any sales situation and it fits perfectly. Unlock the results you want with one turn. Teach you that simple formula I use for writing persuasive content, sales pitches, convincing girlfriend where we should eat — list goes on. ___ // BEST COURSES ▸ (FREE Course) Passive Income | http://passiveincomekingdom.com ▸ Courses That Crush | http://coursesthatcrush.com/go ▸ Video Breakthrough Academy | https://myvideobreakthrough.com ▸ Backstage Studio | https://mybackstagestudio.com ▸ My Best Journal 2.0 | http://mybestjournal.com ▸ 30-Day Coaching | https://my30DayCoaching.com ▸ Shopify Dropshipping Course | https://tinyurl.com/y8zoft8t ▸ Amazon FBA Course | https://tinyurl.com/y7q6yc9u ▸ Facebook Ads Course | https://tinyurl.com/y9gmbz5a ▸ Affiliate Marketing Course | https://bit.ly/2Qfuykr ___ // R E S O U R C E S ▸ Ultimate Online Business Resource Guide | https://bit.ly/2DYmFZk ▸ ULTIMATE YouTube Gear Guide | https://bit.ly/2KUQjQl ▸ FREE Audiobook with Audible | https://bit.ly/2PiF3Og (affiliate) ▸ Join the Refusing to Settle Mastermind | https://goo.gl/wsNnwu ▸ Join the YouTube Entrepreneurs Group | https://bit.ly/2t2fDeW ▸ FREE 14-Day Trial: Build Amazing Websites Under 20 min | https://bit.ly/2G0JRbU (affiliate) ___ // F O L L O W ▸ instagram | @refusingtosettle ▸ facebook | /clarkdangerous ▸ facebook group 01 | https://goo.gl/wsNnwu ▸ facebook group 02 | https://bit.ly/2t2fDeW ▸ spotify mix | https://tinyurl.com/yazfeujt ▸ twitter | @clarkkegley ___ // P L A Y L I S T S ▸ Best of RTS Playlist | https://goo.gl/5Spvy6 ▸ Create Your First Online Course | https://tinyurl.com/y7kmqg5j ▸ Start Your YouTube Channel | https://tinyurl.com/y7luepzx ▸ Money Monday Series | https://goo.gl/7mMxgL ___ ✔ SOURCES ✔ Videos: [TED] — “Teach every child about food | Jamie Oliver” — https://youtu.be/go_QOzc79Uc Music: Intro Song “Refute” and “The Back of Your Hands” by Nimino, follow here: https://soundcloud.com/niminomusic Song by “Perth (Bon Iver Remix)” by Mi Ka, follow here : https://soundcloud.com/mikamusic-1 Songs “Flood” and “Drift" by TREGS, follow here: https://soundcloud.com/tregsmusic Song “Thinkin’ Back Pt. 2” by Derlee, follow here: https://soundcloud.com/derleemusic #RefusingtoSettle ✔ SOURCES ✔ Videos: "Downtown Detroit” by DJKNOWLEDGE313 VIA Videvo CC "City Night” by Videovo [Movieclips Trailers] — “Steve Jobs Official Trailer #1 (2015) - Michael Fassbender, Kate Winslet Movie HD” — https://youtu.be/ufMgQNCXy_M [NBC News] — “Mike Rowe: 'Dirty Jobs' Reached Same People As Donald Trump's Campaign | Meet The Press | NBC News” — https://www.youtube.com/watch?v=33h2mgrY_ZI [brinydeep] — “Mike Rowe on QVC - Lava Lamp” — https://www.youtube.com/watch?v=kbd2DucRe1M [AkwGibbs] — “Sell me this pen - Wolf of Wallstreet” — https://youtu.be/9UspZGJ-TrI #RefusingtoSettle
The Demand Curve Shifts
 
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How do increases or decreases in demand affect the demand curve? An increase in demand means an increase in the quantity demanded at every price. Similarly, a decrease in demand means a decrease in the quantity demanded at every price. This video takes a look at some important factors that shift the demand curve, such as changes in population, changes in income, prices of substitutes, and changes in taste. We’ll look at real-world scenarios that cause a change in demand — like how the demand for batteries increases when a hurricane is expected, how our demand for inferior goods decreases when our income increases, and how the demand for hot dogs increases when the price of the complement, hot dog buns, decreases. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1T7fsbg Next video: http://bit.ly/1Q0DQXX
Demand for Labour - Marginal Revenue Product (MRP)
 
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Demand Curve for Labour - Marginal Revenue Product (MRP). A video covering the Demand Curve for Labour - Marginal Revenue Product (MRP) Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 93947 EconplusDal
How a change in income affects demand
 
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This video goes over the effects that a change in income will have on the supply and demand model, and how equilibrium quantity and price will change. The video also includes a discussion of normal vs. inferior goods and what difference this will have on the resulting changes. More informaiton can be found on this topic at http://www.freeeconhelp.com/2012/02/how-change-in-income-changes-demand-and.html
Views: 7258 Free Econ Help
How a price change affects demand for a substitute good
 
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This post goes over two separate markets for substitute goods when their is a price change in one of those goods. Both markets begin in equilibrium and then a change in one affects the other. More information on this topic can be found at http://www.freeeconhelp.com/2014/07/what-happens-when-price-of-substitute.html
Views: 10531 Free Econ Help
Changes in Demand for Labour
 
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This video explains the causes and effects of an increase or decrease in the demand for labour.
Views: 3834 Steve Lobsey
How to Make $1 Million in a YEAR from Print on Demand (Examples of Winning Products) w/ Michael Shih
 
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See actual winning products from a print on demand store that made $1 million in a YEAR! ►► FREE WEBINAR: http://wholesaleted.com/go/printprofits ►► FREE EBOOK: http://wholesaleted.com/4-step QUESTION: What is Print On Demand? ANSWER: It is kind of a form of dropshipping. Print On Demand is when you take a piece of artwork, and you use an app like Printful (which works with a Shopify store) to place that artwork on items that customers purchase (t-shirts, hoodies, mugs etc) and to print them. Printful will then ship these items out directly to the customer. QUESTION: What sorts of artwork and designs work best for Print On Demand? ANSWER: The best designs are those that target a very passionate niche. Michael Shih from Print Profits targeted the gothic fashion niche. Using the Facebook insight tool he was about to see that over 2 million users were interested in it. It also helps if you can move into a secondary niche: in this case, the sugar skull niche was related and customers passionate about one niche tended to be passionate about that niche too. QUESTION: How can you scale Facebook ads to huge profits with Print On Demand? ANSWER: When scaling Facebook ads, you can scale horizontally (split testing different ads, using different creatives like images) or you can scale vertically (increasing the budget). Michael Shih from Print Profits made over a million dollars in a year from his Print On Demand store by doing both. He was able to massively increase the amount of money per order by adding in a product upsell funnel. He took the money he made, and invested it into his Facebook ad scaling spend. QUESTION: Where can you find artwork to use for Print On Demand products? ANSWER: You can use image sites like Shutterstock and iStockPhotos. You can also hire an artist to make an original design for you. Make sure that you have the rights to resell and to use it for commercial products. An artist will usually charge you more if you plan to use their artwork like that. If you don’t do this, your Print On Demand store could be sued for copyright infringement. QUESTION: What are some unique items you can print onto that convert well? ANSWER: Most people think to sell t-shirts, hoodies and mugs. But did you know that you can print onto shot glasses, wine glasses and jewelry? Michael Shih from Print Profits has found that these convert very well. QUESTION: What are some unique ways to run tests to find winning products? ANSWER: Michael has some interesting strategies that he uses: * He creates Facebook ads targeting engagement. He then adds images of 4 products and asks the viewer “which do you like the most?” * Once he’s built up a customer email base, he will email them and do a poll on what types of items they would like. * He runs an ad that is promoting a giveaway, but instead of sending them directly to the product page for the free-just-pay-shipping offer, he sends them to a Shopify collection page. He then see’s which products people add in addition to their cart the most, and runs ad campaigns for those products. QUESTION: What mistakes do new dropshippers make with their Print On Demand Stores? ANSWER: Here were some of the biggest mistakes newbies make that Michael identified: 1) They find a winning product and they stop testing new products. They find a winning t-shirt design but they don’t test the design onto different types of products, like leggings, and lose a lot of money they could be making. 2) They try and scale their Facebook ads too quickly. If you try and scale your ads too fast, Facebook does not collect enough data during the learning phase and the ad “dies off.” 3) Not having a funnel in-place. Michael Shih from Print Profits was able to make over a million dollars in a year because he has a funnel which upsells customers to more items. Once you find a winning item, put in an upsell funnel ASAP.
Views: 108823 Wholesale Ted
What happens to equilibrium price if both supply and demand increase
 
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This video shows the potential outcomes for equilibrium price, if both the supply and demand curves shift right. The answer is unknown without knowing the magnitudes of the shifts, and this is explained. We explain what happens to cause the changes in both supply and demand and then demonstrate the resulting effect that these changes have on the price. We can see from the video that there is definite direction that price must move but that is not the end of the story. We also have to take into account the magnitude of the changes to both supply and demand. Once we know the magnitude of the changes we can figure out the new equilibrium price and whether this equilibrium price will be higher or lower than the original market price. We can also then explore the equilibrium quantity to see how it compares to the original market quantity found in the beginning of the problem. More info is available at http://www.freeeconhelp.com/2011/08/what-happens-to-price-if-both-demand.html
Views: 37509 Free Econ Help
Shifting Demand and Supply- Econ 2.3
 
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In this video I explain what happens to the equalibrium price and quantity when demand or supply shifts. Make sure to practice drawing the graph on your own. This is the thrid video in the playlist so make sure that you know how to draw and shift demand and supply before you watching this video. Please leave a comment and subscribe. Demand Video https://www.youtube.com/watch?v=LwLh6ax0zTE Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 790794 Jacob Clifford
factors affecting demand in economics class 11 chapter 3 demand
 
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factors affecting individual demand and market demand class 11 microeconomics part 1 NEXT LESSON : https://youtu.be/5IAcIXM3OcY DEMAND It refers to quantity of a commodity that the consumer is able and willing to buy at various levels of prices during a given period of time. INDIVIDUAL DEMAND It refers to quantity of a commodity that a single consumer is able and willing to buy at various levels of prices during a given period of time. MARKET DEMAND It refers to quantity of a commodity that all the consumers are able and willing to buy at various levels of prices during a given period of time. DEMAND SCHEDULE It refers to the tabular presentation showing the inverse relationship between price of the given commodity and its demand by the consumer. INDIVIDUAL DEMAND SCHEDULE It refers to the tabular presentation showing the inverse relationship between price of the given commodity and its demand by the single consumer. MARKET DEMAND SCHEDULE It refers to the tabular presentation showing the inverse relationship between price of the given commodity and its demand by all the consumer. DEMAND CURVE It refers to the graphical representation of the demand schedule. INDIVIDUAL DEMAND CURVE It refers to the graphical representation of the individual demand schedule. MARKET DEMAND CURVE It refers to the graphical representation of the market demand schedule. FACTORS AFFECTING THE DEMAND (INDIVIDUAL) i. Price of the given commodity: There is an inverse relationship between price of the given commodity and its demand. It implies that if we increase the price of the given commodity than its demand will fall or vice versa. ii. Price of the related goods: Related goods means that change in price of one good will impact the demand of the other good. Related goods are of two type : a) Substitute Goods: These are those goods which can be used in place of each other. For example tea or coffee, ink pen or ball pen etc If price of the substitute good increases it increases the demand of the given commodity because substitute good becomes more costlier than given commodity, thus consumers start consuming more and more of the given commodity or vice-versa. For example: If price of the substitute good (say tea) increases, consumers starts consuming more and more units of given commodity (coffee) b) Complementary Goods: These are those goods which jointly satisfy the want of a consumer. For example Diesel & Generators, Car & petrol, Ink & pen etc If price of the complementary good rises than demand of the given commodity falls because consumer needs both the products together, thus consumer reduces the demand of the given commodity or vice-versa. For example: If car (complementary good) becomes costlier than demand for the petrol(given commodity) will reduce because of the reduce in the number of cars. iii. Income of the consumer: If income of the consumer changes it impacts the demand of the commodity. Either the demand of the given commodity will increase or it will decrease with increase in income of the consumer. If demand of the given commodity increases with increase in income of the consumer or vice-versa than such goods are called Normal Goods. If demand of the given commodity decreases with increase in income of the consumer or vice-versa than such goods are called Inferior Goods. iv. Taste and preferences of the consumer: If consumers taste and preference is favorable i.e. consumer likes that particular product or he prefers it over other products than demand for such good will be more. Similarly if his taste & preference is unfavorable i.e. he dislikes that product than demand will be less for that commodity. v. Expectation of change in price in future: If it is expected that price will rise in future of a commodity say petrol than its demand at present will be increased. Similarly if a consumer expects that its price will fall in future than its demand will be reduced at present. FACTORS AFFECTING THE MARKET DEMAND vi. Size of the population: If population of the country increases it increases the demand of the given commodity because of the rise in the number of consumers. Similarly, if population decreases the demand of the given commodity falls. vii. Season & Weather: If season & weather is favourable than demand is more and if season & weather is unfavourable than demand is less. For example: Demand for leather jackets will be more in winter season as compared to the summer season. viii. Distribution of income: If national income of the country is distributed equally among the citizens than demand in that country will be more while if income is distributed unequally among the citizens than demand will be less. Competent Commerce
Views: 2776 Competent Commerce
TUTORIAL: $10,000/Month with Print On Demand (By Choosing the RIGHT Designs) - Printful Tutorial
 
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Discover why these 3 products (shirt, pillow & shoes) made over $10,000/month... ►► FREE PRINT ON DEMAND TRAINING: http://wholesaleted.com/go/printprofits ►► FREE EBOOK: http://wholesaleted.com/4-step *THE SECRET BEHIND WINNING PRODUCTS* There’s 2 tried-and-proven ways to consistently create winning products: Targeting trends Target a SUPER-HOT niche that doesn’t have many products already. The easiest way to do this is to create your own passion niche. To do this, you cross two passion niches together. For example: crossing Pugs with coffee. It’s not enough to target one niche with PoD - you need to have a clever twist to your designs. And this is what crossing two passion niches helps you achieve. Having products that speak to customers and embody THEM in a unique way that they haven’t seen before is what motivates them to BUY. *HOW TO FIND & COPY WINNING DESIGNS* Use Shutterstock to look exclusively for illustrations (these usually look the best when printed on t-shirts). Once you’ve set that, type in one passion niche e.g. Pug Dog. It can be quite difficult to cross two niches together at once, so here’s a pro tip: look up just ONE passion niche and scroll through the art people have already made and use THAT as inspiration. Using this technique, Sarah found a cross niche of Pugs and Unicorns. Next, you need to make sure the cross-niche is in demand. To do this, use Facebook’s ad targeting tool and see whether your cross niche falls within an audience of 100,000-500,000 people. Example: Target both keywords “Pug” AND “Coffee” and see how broad the audience is. If it falls under this range, there is enough demand to create a store out of. *HOW TO ADD PRODUCTS TO YOUR STORE* After you’ve found a cross-passion niche design that have good potential to test and sell, you’ll want to add them to your store. In this tutorial, we used Printful, which is free. Here are the step-by-step instructions to do this: Step 1: Download Printful from the Shopify App Store and click “Get”. Once loaded, click the “Install App” button and create an account. Step 2: Click the “Add product” button. Select the option “Choose File” and test it using a FREE sample image as shown in the video. You don’t want to go and buy a design, only to find that it looks terrible on a shirt! Step 3: Continue by clicking on the “Proceed to mock-ups” button and double check that ALL elements of the design - especially text - are visible and not too small. Then click the “proceed to description” button. Step 4: On the next page, you can update the text that’ll appear on your product listing for it. You can change the title, description and whatever else you like. When done, click the “proceed to pricing” button. Step 5: Here, you have to two options. 1) Set each individual price for each shirt. Or 2) if you’re too lazy, you can add whatever profit margin you want on top of it - e.g. 50% profit to each sale. Whichever option you pick, click Product Collections and select the right one. To finish off, click submit to store. *HOW TO SET UP PAYMENTS* When a customer actually comes in and orders it, we need to be set up to pay Printful for the order. Here’s how to do this: Step 6: On the Printful dashboard, click the “billing” button. Next, click the “Add Payment Method” button, and then select the “Save Payment Method” button. After this loads, type in your credit card number and give your billing address. Step 7: And once you’ve done that, scroll down and click Save Payment Method, and then just be a little more patient again and let Printful load. Once it has, your payment method is all set. [EXTRA TIP] *HOW TO ADD YOUR LOGO TO THE SHIPPING SLIPS ON THE PACKAGE* This helps to build a real, actual brand for your store and encourage repeat customers! Step 8: In the settings page inside the Printful app, select “Packing Slip” from the menu. Next, click “Select Image to Upload”. Find your store logo image file and open it. After a few seconds, when completely loaded - click “Save”. But remember - if you want to build a brand and have repeat, happy customers, then it’s important that you send them an awesome product. Here are some tips to do that. #1: Upload an HD image for so that your customers will love their shirt. #2: Avoid pictures that have backgrounds #3: Remember, you can print on MORE than just shirts! Did you know that you can print onto all SORTS of products? Wine glasses, blankets, clocks, even SHOWER CURTAINS! It’s not just t-shirts that sell well with Print on Demand - so don’t be afraid to get creative! #4: Avoid getting sued and buy the RIGHT image license DON’T FORGET: You can’t just use the standard image license when purchasing images on Shutterstock to resell by printing them on products. Purchase the ENHANCED image license.
Views: 370459 Wholesale Ted
How to increase demand for your product
 
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Learn how to increase demand for your product by showing your customers want they want to see. Don't tell them why they need it, show them why they do. #vlog36 Thank you so much for watching my video and I would love to get to know you better. Please connect and message me over on your favorite platform. I would love if you left a comment for me as I personally answer each one and love to get feedback on how you like my videos and what I can do better to provide even more value to you. I can't wait to hear from you! Subscribe to my channel here: https://www.youtube.com/channel/UC6WsWSdiXqdklYVEf_qfeVg Follow me online here: Instagram: https://www.instagram.com/claytonjjensen/ Facebook: https://www.facebook.com/ClaytonJJensen Snapchat: https://snapchat.com/add/claytonjjensen Twitter: https://twitter.com/ClaytonJJensen Medium: https://medium.com/@ClaytonJJensen Google+: https://plus.google.com/u/0/+ClaytonJensen LinkedIn: https://www.linkedin.com/in/claytonjensen/ Tumblr: https://www.tumblr.com/blog/claytonjjensen
Views: 10 Clayton Jensen
Shifting of Demand and Supply Curves (Part I)
 
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Transcript: 1 The market equilibrium changes all the time 2 as demand and 3 supply conditions change. How do the curves shift? 4 First, we gotta know who cares? 5 Buyers or sellers? 6 Which direction does the curve shift? 7 How does price and quantity change? 8 Let’s recap. Here’s the factors affecting supply and demand. 9 Suppose income increases. People have more money, they buy more stuff. 11 Ah…it increases demand. 13 Demand curve shifts right. 14 Demand curve shifts right. 15 Price increases. 16 Quantity increases. 19 When income drops, 21 Demand decreases. 23 Demand curve shifts left. 24 Demand curve shifts left. 25 Price decreases. 26 Quantity decreases. 29 When wages decrease, Remember, labor is a type of input. 30 Input prices decrease, Producers can produce more with the same budget now. 31 So supply increases. 33 Supply shifts right. 34 Supply shifts right. 35 Price decreases. 36 Quantity increases. 37 When wages increase, 38 Input prices increase. 39 Supply decreases. 41 Supply shifts left. 42 Supply shifts left. 43 Price increases. 44 Quantity decreases. 49 Seems simple. Cool, what happens if both supply and demand curves shift? Check out the next video to find out. 50 If you like this video, remember to like and subscribe. _____________________________________________________ Why does market equilibrium change all the time? Why do prices and quantities change all the time? Well, market conditions change and those cause demand and supply curves to shift, affecting price and quantity. To determine which curve shifts, we need to understand who is the party here concerned? Sellers or buyers? Which direction does the curve shift? How do price and quantity change? For instance, when more people prefer healthy good, demand for healthy food such as sushi and sandwiches increase, increasing price and quantity. There are other factors affecting demand too. For instance, price of substitutes and complements; future expectation of prices and population. The supply curve shifts too. When natural disaster hits, factors of production get destroyed. It gets more expensive to produce car, for example. Hence, supply of cars decrease, the supply curve shifts left, causing price to increase and quantity to decrease. In general, when demand increases, the demand curve shifts right. Price and quantity increase. When demand decreases, the demand curve shifts left. Price and quantity decrease. When supply increases, the supply curve shifts right. Price decreases and quantity increases. When supply decreases, the supply curve shifts left. Price increases and quantity decreases.
Views: 39871 Economics Mafia
Changes in equilibrium price and quantity when supply and demand change | Khan Academy
 
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Previously we looked at what happens to the equilibrium price and quantity in a market if supply or demand changed. In this video, we explore what happens when BOTH supply and demand are changing at the same time. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/market-equilibrium-disequilibrium-and-changes-in-equilibrium/v/changes-in-equilibrium-price-and-quantity-when-supply-and-demand-change-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 16574 Khan Academy
Market equilibrium | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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Equilibrium price and quantity for supply and demand Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/market-equilibrium-tutorial/v/changes-in-market-equilibrium?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/long-term-supply-curve-1?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 851030 Khan Academy
Demand and Supply Explained- Econ 2.1
 
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Thanks for watching. In this video I explain the law of demand, the substitution effect, the income effect, the law of diminishing marginal utility, and the shifters of demand. Make sure that you understand the difference between a change in quantity demanded and a change in demand. This is the first video in the unit Playlist. Make sure that you watch the the next two videos about supply and equilibrium so you can put it all together. I hope that you like this video. Please like, leave a comment, and subscribe. *Note* never drink a whole gallon of milk Get the Ultimate Review Packet- http://www.acdcecon.com/#!review-packet/czji Supply Video https://www.youtube.com/watch?v=ewPNugIqCUM Video Explaining Shifting the Curves https://www.youtube.com/watch?v=V0tIOqU7m-c Unit playlists https://www.youtube.com/watch?v=HQkVO2PsxFw Learn it by watching Indiana Jones https://www.youtube.com/watch?v=RP0j3Lnlazs
Views: 1752476 Jacob Clifford
Effect of Complements on Demand
 
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See more videos at: http://talkboard.com.au/ In this video, we look at complementary goods. Complementary goods are those which accompany the consumption of another good; without complementary goods the initial good essentially becomes redundant. Take petrol and cars as an example. This video will examine how changes in the price of a complementary item can affect the market for the other item.
Views: 5990 talkboard.com.au
5 Tips to MAKE MONEY from Print On Demand & Shopify (How to Pick Designs for Print on Demand)
 
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5 Print On Demand Tips! ►► POD Tutorial: https://youtu.be/_PqkmmS-Wqw ►► How Michael Makes $1 Million/Year with POD: https://youtu.be/-70yvdzfiZ4 ►► Free $10,000/Month ebook - DOWNLOAD: http://wholesaleted.com/4-step ***OTHER LINKS MENTIONED IN THE VIDEO*** ►► Dropshippers Getting Sued: https://www.youtube.com/watch?v=DZp3MG7qIkk Tip #1: Sell Products Customers Can Customize Themselves With Print On Demand, conversions are extremely important: even more important than with dropshipping. Why? It’s because with Print On Demand, the price to purchase the products is higher. This means that to make similar profit margins, you need to be able to price your items higher than with Aliexpress dropshipping. To be able to ask for higher prices, it’s important that you are selling extremely engaging products that elicit an emotional reaction from a customer: and a very effective way to do that is to involve the customer in the product creation process and let them customize it themselves by uploading photos and custom engraving it. Here are two great apps to do that: 1) Shine On 2) Print Tech Tip #2: Use Bold Custom Pricing to Get More Sales Highly successful dropshipping stores make so much money, not because of the front end product, but because they are great at getting customers to purchase more than one item from them. This is how Michael was able to turn $3,583.08 in ad spend into $14,436.78 in sales. The Bulk Product Discount App is a great way to get customers to buy more than 1 item from you. It does the following: 1) It adds a table to your store, showing the customer what discount they’ll get on the sale. 2) It will automatically calculate the discount when the customer adds multiple items to their cart (no coupon codes required). This is especially good for items where customers have a reason to buy more than 1, such as throw pillows, which when bought in multiples create a synchronized look. Tip #3: To Scale Your Store, Higher A Designer Using Shutterstock to quickly and easily find designs to use for your store works well in the beginning, but as your store grows, people will be able to copy you and download it for themselves. In addition, having a designer will allow you to create and test designs quickly and cheaply. Here are the 3 websites that Michael uses to find designers: 1) Upwork.com 2) 99Designs.com 3) Freelancer.com Tip #4: Do Not Use Fan Art For Print On Demand (It’s ILLEGAL) Do not ever use fanart as your designs for Print On Demand products. It is illegal to create and sell artwork that is derived from copyrighted characters and trademarked logos. It doesn’t matter if your artwork isn’t identical: if it’s very clearly a piece of fan art based on the Llama pinata in Fortnite, then it is illegal. It is however very common to see people use Fanart for Print On Demand products. How can they do this? Are they allowed to? The answer is no, they aren’t. Just because it is common, doesn’t mean that it is OK, and eventually they will but shut down. Remember: just because others are doing it, doesn’t make it OK! Tip #5: Use Pinterest To Find Winning Designs Here is a great Pinterest Hack to use to find winning designs. Type: Niche Tattoo Into the Pinterest search engine (but of course - replace the word Niche with your actual niche). You will then get tattoo designs based on your niche. These can be great inspiration as people that get tattoos are usually very passionate about them. What was your favourite tip? Let us know in the comment section below!
Views: 47294 Wholesale Ted
Shifts in both Supply and Demand Curves - Intro to Microeconomics
 
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We walk you through the effect of a simultaneous change in the demand and supply curves. What happens to equilibrium price? What happens to equilibrium quantity? The video is geared to an intro to Microeconomics student. •Video 1: Intro to Supply & Demand: http://youtu.be/op70yS_7du8 •Video 2: Shifts to Supply or Demand Cruves: http://youtu.be/es_g3L1kmR8 •Video 3: Shifts in BOTH Supply and Demand: http://youtu.be/EiYbrhFwErI More Intro to Microeconomics Videos: https://sites.google.com/site/curtiskephart/ta/krugman-wells-microeconomics-solutions ------------------------------------------------------------------------ Video Outline: Shifts in both Supply and Demand Curves What happens when both supply and demand shift? How will equilibrium price change? How will equilibrium quantity change? Summaries • Increase in Demand and increase in Supply, 0:45 • Increase in Demand, but decrease in Supply, 2:30 • Decrease in Demand, but increase in Supply, 4:05 • Decrease in Demand and decrease in Supply, 6:00 Recap - Chart of Summaries. 7:20
Views: 77333 economicurtis
Bullwhip Forrester Effect: How Sudden Demand Increases Affect Supply Chains
 
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The bullwhip effect, or more commonly referred to as the Forrester effect, concerns supply chain disruptions that occur when demand suddenly spikes upwards. These sudden and unforeseen spikes in customer demand force every member of a given supply chain to increase their inventory counts in anticipation of future volumes and sales. Unfortunately, a week or two later and that demand is non-existent. Companies must understand the bullwhip effect and know their place within a given supply chain. Once they understand their position, they can be better prepared to handle sudden increases in customer demand. The video provides an example of a consumer-based product where the supply chain is defined by the retailer who purchases from the wholesaler who purchases from the distributor who then purchases from the manufacturer. The video provides insight into five critical areas that companies should track and be aware of when suddenly coming face-to-face with an unscheduled increase in demand.
Views: 23384 Ian Johnson
Supply and Demand: Crash Course Economics #4
 
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In which Adriene Hill and Jacob Clifford teach you about one of the fundamental economic ideas, supply and demand. What is supply and demand? Well, you’ll have to watch the video to really understand it, but it’s kind of important for everything economically. Supply and demand sets prices, and indicates to manufacturers how much to produce. Also, it has a lot to do with strawberries. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 1653159 CrashCourse
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 514229 CrashCourse
Factors affecting supply | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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How the price of inputs, price of related goods, number of suppliers technology, and expected future prices affects the supply curve Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/long-term-supply-curve-1?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/supply-curve-tutorial/v/law-of-supply?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 418978 Khan Academy
Every Step Of A Successful Shopify Print On Demand Product
 
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Join My Bootcamp Program & Get Me As Your Shopify Mentor! ★★ http://bit.ly/2CzShU7 ★★ Every. Single. Step. Follow these six steps over and over again to crush out massive results with Shopify every single month. There is something special about a business that can be run so simply. That's why Print on Demand + Shopify is something you need to pay attention to if you want to make money online right now. Shopify is by far the best business opportunity online right now! Learn exactly how it works and see ten of the most profitable print on demand products of all time. Join My Free Facebook Mastermind Group: http://group.justincener.com ★★★★★ Finally Make Money Online ★★★★★ Learn How To Start Your Own eCommerce Store Today! Free $100K Shopify Cheat Sheet: http://100k.justincener.com Sign up for my Ecommerce Bootcamp Mentor Program! This is NOT just another eCom course. You get direct access to me as your Shopify Mentor AND all five of my Bootcamp Courses. Start right now: http://camp.justincener.com Why are these Shopify business models so great? You can sell millions of dollars of items... without ever paying a single dollar upfront for inventory.
Views: 17681 Justin Cener
Increase in organic farming due to product demand
 
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The Increase in organic farming because of the demand for organic products.
Views: 22 IIJNM Bangalore
Normal and inferior goods | Supply, demand, and market equilibrium | Microeconomics | Khan Academy
 
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How the demand for some goods could actually go down if incomes go up Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/inferior-goods-clarification?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/supply-demand-equilibrium/demand-curve-tutorial/v/changes-in-income-population-or-preferences?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 515356 Khan Academy
Estimating Future Product Demand In Power BI Using DAX
 
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By using a combination of analytical and formula techniques in Power BI you can complete some really powerful work. In this example I showcase how to use a combination of time intelligence, 'what if' scenarios and moving averaging techniques to forecast product demand. Good luck with this one! ***** Learning Power BI? ***** All Enterprise DNA TV Resources - http://portal.enterprisedna.co/p/enterprise-dna-tv-resources FREE COURSE - Ultimate Beginners Guide To Power BI - http://portal.enterprisedna.co/p/ultimate-beginners-guide-to-power-bi FREE COURSE - Ultimate Beginners Guide To DAX - http://portal.enterprisedna.co/p/ultimate-beginners-guide-to-dax FREE - Power BI Resources - http://enterprisedna.co/power-bi-resources Learn more about Enterprise DNA - http://www.enterprisedna.co/
Views: 3022 Enterprise DNA
How-to increase lead sales demand for business products/services
 
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Drug dealer marketing theory, by Corey Weiner, Third and Two Intellectual Capital Partners: This is for communications and marketing directors at medium-sized b2b, professional services organizations and business associations. How-to get higher quality referrals How-to retain customers and mitigate turnover How-to have profitable working customer service relationships How-to use "street tactics" that cost NOTHING to learn and implement . . . other than a day's time, of course. Use less tools and business technology and still get lead and sales demand done efficiently. Technology officers, office managers and business owners - this makes useful points for you as well. *Warning: if you market computerized productivity tools, this may offend you. Corey Weiner is an editor / troubleshooter. Organizations hire him to create, edit, test and refine their communications / sales demand generation materials, mostly for complex B2B products and services. He employs cause-effect mapping widely used in management since the 1960s. Corey's YouTube channel gives subscribers hard-to-find case studies covering Microsoft, Mastercard, AOL, DeBeers and other big names in concise two-minute clips. Copyright 2014 by Corey Weiner. All Rights Reserved.
Views: 47 coreyweiner
effect of change in price in future on demand curve | demand | microeconomics | class 11
 
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explain the effect of expectation of change in price in future on demand curve of the given commodity | class 11 | notes | microeconomics PREVIOUS LESSON : https://youtu.be/UBpx0-XtS5g NEXT LESSON : Chapter ends IMPACT OF EXPECTATION OF CHANGE IN PRICE OF THE GIVEN COMMODITY IN FUTURE ON DEMAND CURVE OF THE GIVEN COMMODITY AT PRESENT a) Increase in price in future When it is expected that price of the given commodity will increase in future than its demand will be increased at present. Schedule: Price Quantity 10 100 10 150 When price was OP, demand of the given commodity was OQ, due to increase in price of the given commodity in future demand for the given commodity increases from OQ to OQ1 at same level of price OP at present. As a result of it there is a rightward shift in demand curve from DD to D’D’. b) Decrease in price in future When it is expected that price of the given commodity will decrease in future than its demand will fall at present. Schedule: Price Quantity 10 100 10 50 When price was OP, demand of the given commodity was OQ, due to decrease in price of the given commodity in future demand for the given commodity falls from OQ to OQ1 at same level of price OP at present. As a result of it there is a leftward shift in demand curve from DD to D’D’.
Views: 208 Competent Commerce
How Does Population Affect Demand?
 
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A statement that reflects the inverse relationship between quantity demand how does an incrase in consumer population affect for most products? . It is important that industrialized nations the world growing at an amazing rate. Population changes are slow, and consumption slow the more people their higher demand, basically humans, needs dec 30, 2011. The cost (if only implicit in terms of gathering time) does not materially affect consumption quantity even though the focus economics is on relationship between price a product and how much consumers are willing able to buy, it important question & answer population change environment patterns, regions people inhabit use directly. The demand curve, which shows the relationship between of a jun 15, 2014 effect growing population will be an increased for by year 2100, we need 3 earths to continue living way do world's is continuously growing, so water also, but have limited supply. Finally, the size or composition of population can affect demand. Changes that increase overall demand shift the curve to right as quantity demanded increases at all prices. Jan 12, 2009 factors affecting demand. If the population begins to grow, then it is logical assume that demand for most what do economists call a situation in which consumers buy different quantity than they did how can changes affect certain goods? . Businesses create products and services based on their customers' demands. More people demand more resources and generate waste how does the size off population affect for a product. Population size on market demand under a economy. Changes that decrease overall demand shift the curve to left as quantity demanded decreases at all prices current market reflects effect of supply and in previous periods. Current population size will affect future market demand through prices and supply elasticity. When a demand curve shifts, it does not mean that the quantity demanded by every most discussed effect of population on aggregate is to justify investment, question remains ceteris paribus, faster course key determinant. In order to demand for salt does not increase with the in income and decrease regional distribution of a population also affects. As the population has grown, demand for transport increased. How does the increase in human population growth affect how will energy? Non price factors that demand for your productmpell affects uk transport matters. Currently, the earth's population is growing by 60,000 people every eight hours that's two children born second aug 3, 2015 non price factors affecting demand what companies need to know does not simply mean number of living in a mar 18, 2016 across uk, roads are congested and trains overcrowded. Googleusercontent search. Economics for business decisions theory of demand and supply. Population size on market demand under a economy factors affecting slideshare. Factors affecting demand slideshare factors presentation url? Q webcache. Impact of population size o
Views: 29 Bet 2 Bet
Product Sales Funnels for Print on Demand (The "New" Way I'm Selling Products)
 
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Join the Academy Here: http://www.shuckabuck.com/podacademy/ LIKE THIS VIDEO? Give it a 👍 Every like helps a hungry whale find it's way home MAKE SURE TO SUBSCRIBE 😀 I ❤ my subscribers...not literally, that's ridiculous, I don't even know you. ----- I Hardly Post, But You Can Follow Me Here ----- Facebook: search "shuckabuck.com" Instagram: @shuck.a.buck Twitter: is Garbage -------------- Need Some Help? -------------- Simply comment below and I'll answer any questions you have. I reply to 99% of comments 😎 The other 1% are [email protected]&*ing kangaroos
Views: 1226 Eric Lass
Tips to help you match your product supply to customer demand
 
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The consequence can be costly to your bottom line. Constantly understocking and overstocking affects inventory management, customer satisfaction and increases your business’ vulnerability to your competitors. Check out our top three tips for matching product supply to customer demand. For more Academy videos, check out www.unleashedsoftware.com
Views: 168 Unleashed Software
Marginal Revenue, Average Cost, Profit, Price & Demand Function - Calculus
 
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This calculus video tutorial explains the concept behind marginal revenue, marginal cost, marginal profit, average cost function, price and demand functions. It shows you how to find the production level to minimize the average cost as well as how to find the minimum average cost so as to maximize the profit of a company. This video contains plenty of examples and practice problems. Here is a list of topics: 1. Cost Function - The price to a produce a number of items 2. Average Cost - The average price to produce a single unit 3. Production Level - The number of units or x 4. Marginal Cost - Derivative of the Cost Function 5. Marginal Cost represents the increase in total cost to produce one extra item 6. Minimizing Average Cost Function - Finding The Production Level and the Minimum Average Cost 7. Price Function or Demand Function - The selling price of an item as a function of x 8. Supply vs Demand - Inverse Relationship - Business & Economics 9. Business Calculus - Revenue = Price Function x Number of Units (x) 10. Marginal Revenue, Marginal Cost, and Marginal Profit 11. Maximizing Profit - Finding the maximum value using the derivative function
DO THIS TODAY TO INCREASE SHOPIFY PRINT ON DEMAND SALES OVERNIGHT!
 
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💸 EMPIRE BUILDER RESOURCES + FREE BONUSES: https://youtu.be/QknqB0dpDKc 💸 FREE PREMIUM ECOMMERCE MASTERCLASS: Sales Funnel Masterclass: http://bit.ly/yt-funnel-class ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📥 FREE FUNNEL DOWNLOADS: Free+Shipping Funnel: http://bit.ly/2BZLB0Z Print On Demand Funnel: https://bit.ly/2zKmHTZ Membership Funnel: http://bit.ly/2MjG7Vu ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🖥 EMPIRE BUILDER RESOURCES: ClickFunnels FREE 14-day Trial: http://bit.ly/2xTPfEe Shopify FREE 14-day Trial: http://bit.ly/2gHMJP2 Zipify One Click Upsell: http://bit.ly/2j95pYG Funnelish: http://bit.ly/2xp5LNr Empire Book Club: http://bit.ly/eeb-book-club ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👨‍👩‍👧‍👦 JOIN THE EMPIRE BUILDER CONVERSATION: Facebook Group ► http://bit.ly/FBGroupEEB Instagram ► http://bit.ly/InstagramEEB PodCast ► http://bit.ly/PodcastEEB ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 👉🏼 Today's video is all about how you can sell your Print On Demand Shopify dropshipping products through ClickFunnels sales funnels to increase your revenue overnight! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🦁 About the Empire Builders: My name is Peter Pru and I’m the creator of the Ecommerce Empire Builders. What first started as a side project and a way of sharing my eCommerce strategies with others, quickly turned into an amazing movement that is impacting the lives of thousands. If you're ready to start building your EMPIRE and refuse to settle for the status quo. You're in the right place.
Magnesium Demand is Expected to Increase Substantially: Mag One Products President
 
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In this interview with SmallCapPower at the PDAC 2018 convention, Mag One Products Inc. (CSE:MDD) President Gillian Holcroft talks about Mag One’s goal of becoming the world’s lowest-cost, environmentally-friendly producer of magnesium metal, its current competitive advantage, as well as Mag One’s plans for 2018.
Views: 105 SmallCapPower
Ex: Complementary and Substitute Goods - Demand Function
 
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This video provides an example of how to evaluate a demand function for two products and then decide if the products are complementary or substitutes. Site: http://mathispower4u.com
Views: 9486 Mathispower4u
Change in demand:  Impact of non-price factors (increase in income)
 
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Non-price factors are things such as tases and preferences, income, number of buyers, price of related goods, expected prices, etc. An increase in income increases the demand for a good or services and shifts the demand curve to the right. A normal good is a good for which an increase in income results in an increase in the demand for the good. These goods have a positive income elasticity of demand. In other words a positive increase in income leads to a positive change in demand. An inferior good is good for which an increase in income results in a fall in the demand for the good (eg. bread and coal) as consumers switch to other more expensive products (from bread to meat). These products will have a negative income elasticity of demand. In other words, a positive increase in income leads to a negative change in demand
Views: 3386 lostmy1
Aggregate demand | Aggregate demand and aggregate supply | Macroeconomics | Khan Academy
 
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Understanding how aggregate demand is different from demand for a specific good or service. Justifications for the aggregate demand curve being downward sloping Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/aggregate-supply-demand-tut/v/shifts-in-aggregate-demand?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/inflation-topic/phillips-curve-tutorial/v/phillips-curve?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 830021 Khan Academy
CA Foundation Business Economics - Determinants of Demand
 
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This online class explains “Determinants of Demand” or simply, the factors that influence demand for goods and services which is a part of CA foundation course for the subject ‘Business Economics & Business and Commercial Knowledge’. In this video the factors are explained to the point with examples for each factor. The quantity of a given product whether goods or services that is purchased by a consumer depends on a number of determinants. The determinants of Demand could be 1. Price- if a price of a product is high, consumers might choose to buy another product or not buy the product at all 2. Second is the taste and preferences that consumer has. Consumer might choose products that are trendy or more fashionable. 3. Consumer expectations is another determinant. If consumer expects the price of a particular product to increase in future or rather become scarce in production, consumers might want to buy more quantity now. 4. The fourth determinant is how much money consumers have. Does income of consumer supports all that he intends to buy. If income is high, there are chances that demand would be for more luxurious products as consumer is able to afford them. 5. Another determinant is the price of related commodities. Now related commodities are of two types; Complementary goods and substitutes. a. Complementary goods are ones that are to be consumed together e.g. Car & petrol, bread & Butter etc. b. Substitutes are goods that can satisfy the same need and can be used in place of each other easily. The most common e.g. will be Tea & Coffee. All these determinants can be expressed in the form of mathematical equation denoting the demand function as follows D = fn { P + X1 + X2 + Xn } Where, D is Quantity demanded P denotes price of the commodity X1, X2…Xn denotes the determinants of demand explained earlier like income, tastes & preferences, customer expectations etc.
Views: 1423 FINMAESTRO
Will cost reduction in manufacturing increase demand for products
 
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Brief interaction with Ved Jain, President, The Institute of Chartered Accountants of India, New Delhi (www.icai.org), at the SIRC Conference, November 28, 2008, 10 pm
Views: 63 Murali D
law of demand in hindi
 
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above video is based upon the concept of the demand, it also elaborate the law of demand and the assumption of law of demand. ------------------------------------------------------------------------------------------------------- 1. DEMAND :- Demand is an economic principle that describes a consumer's desire and willingness to pay a price for a specific good or service. Holding all other factors constant, an increase in the price of a good or service will decrease demand, and vice versa. 2. LAW OF DEMAND :- The law of demand states that other factors being constant , price and quantity demand of any good and service are inversely related to each other. When the price of a product increases, the demand for the same product will fall. OR In the simple words it is the inverse relationship between the price and demand. 3. Assumptions under which law of demand is valid :- (a) No change in price of related commodities. (b) No change in income of the consumer. (c) No change in taste and preferences, customs, habit and fashion of the consumer. (d) No change in size of population. (f) No expectation regarding future change in price. 4. Limitations/Exceptions of law of demand :- (a) Inferior goods/ Giffen goods. (b) Goods having prestige value. (c) Price expectation . (d) Fear of shortage. (e) Change in income. (f) Change in fashion. (g) Basic necessities of life. ------------------------------------------------------------------------------------------------------- for more knowledge watch the above video (law of demand economics).. you can also watch the " elasticity of demand " - https://youtu.be/Xz2t7ccg6MM . . you can also watch " cardinal and ordinal approach " - https://youtu.be/zb8QzfOYAXQ you can also watch "partial, general, static and dynamic equilibrium in economics" - https://youtu.be/xVKN9yoNtyA you can also watch "stable and unstable equilibrium" - https://youtu.be/umbKTUdYCUY you can also watch "inductive and deductive method in economics" - https://youtu.be/FTyOX9R5d5U On study extent ....
Views: 5443 Study Extent
Market Demand Curve. How do we sum individual demand curves?
 
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Transcript: So far we’ve been talking about individual demand. It turns out that we can add up all the individual demand curves and get the market demand. Huh? Suppose in our market, there’s only 2 consumers—John and Tom. These are their demand schedules for apples. At $2, John wants 1 apple, Tom—2 apples. In total, 3 apples demanded. At $1.50, John wants 2 apples, Tom—3 apples. Total—5 apples. At $1, John wants 3 apples, Tom—4 apples, total—7 apples. So this is our market demand. How do these tables look like in graphs? Let’s graph John’s demand curve first. At $2, John wants 1 apple. At $1.50, 2 apples. At $1, 3 apples. And this is Tom’s demand curve. Now, we’ll do a horizontal summation to derive the market demand curve. At $2, the total apples demanded is 1 + 2 = 3. At $1.50, it’s 2 + 3 = 5 apples. At $1, it’s 3 + 4 = 7 apples. So there you go. The market demand curve. It’s the same basically whether you have 10 consumers or 100 consumers. All you have to do is to sum everything horizontally. Next question, when does market demand curve shift? Well, when individual demand curve shifts. Suppose John’s income increases, his demand for apples increases and hence his demand curve shifts right. Because the market demand curve is the horizontal summation of these 2 curves, the market demand curve shifts right as well. If you like this video, remember to like and subscribe. Next up: Factors affecting Supply. _____________________________________________________ How to sum the individual demand curves to get the market demand curve? What is horizontal summation?
Views: 35433 Economics Mafia