“Higher rates for not terrible reasons… they’re going to cause pressure on rates… yields are higher, that increases your return”
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Said on Animal Spirits Podcast
Jim Cobb · Entrepreneurs on Fire · Building Brands That Last: How Understanding Customer Psychology Creates Business Growth with Jim Cobb
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States that brands delivering emotional reasons for purchase have better response rates and higher gross margins
better response rates, better gross margins
“Higher rates for not terrible reasons… they’re going to cause pressure on rates… yields are higher, that increases your return”
“Debt used wisely is one of the most powerful tools... borrow money at a reasonable rate... deploy it into an asset that compounds at a higher rate over time.”
“If we can't charge a higher rate, then why bother? It improves retention, which saves on your profit margin.”
“There's a lot of reporting showing that the gross profits for serving the models are, you know, the gross margins are positive.”
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