Like many of you, I love watching Shark Tank on CNBC:
https://en.m.wikipedia.org/wiki/Shark_Tank
The show is a great place to learn about business, investing, and entrepreneurship.
Recently I watched an episode that indirectly highlighted how incredible the business model of Mene is.
In this episode, the business owners are trying to get an investment for their jewelry start up.
Since jewelry is a type of art form, pricing is completely subjective for regular companies such as theirs.
In the pitch to the sharks, the business owners disclose that the pieces that cost $3 to make they are selling for $96... and they AREN’T EVEN PRECIOUS METALS.
It is completely the norm for jewelry companies in the West to sell their jewelry for what I would consider insane markups of hundreds of percentages.
Then there is Mene:
Mene is 24 karat gold and platinum jewelry sold by gram weight x current metal price with a transparent design fee that is much MUCH less than the company featured on Shark Tank.
The most important less here is that Mene really is a jewelry company and should compared to OTHER jewelry companies.
In other words, when you have made the decision to buy jewelry, it should be 24 karat Mene and not a different jewelry company that is trying to squeeze maximum profits out of you for a non resellable cosmetic jewelry piece.
I’ll keep watching Shark Tank, but I won’t be buying any overpriced jewelry from any of the participants.
It’s a fun show and you never know what kind of crazy idea for a business is coming.
Whats next, crustless PB & J??
Earn $5 in Mene credit for signing up for Mene with this invite link:
Investor Presentation: https://mene.com/investors/docs/Investor_Presentation.pdf
Earn $5 in Mene credit for signing up for Mene with this invite link:
To sign up for a Goldmoney Holding start here: https://www.goldmoney.com/w/goldmatters
Sign up for steemmonsters: https://steemmonsters.com/?ref=goldmatters
Jewelry Worth It’s Weight in Gold:
Menē crafts 24 karat gold and platinum investment jewelry™ that is transparently sold by gram weight. By combining innovative technology with timeless design, Menē restores the ancient tradition of jewelry as a store of enduring value.
I am on a personal mission to spread the word about Goldmoney and Menē through any means necessary. Goldmoney\Mene allows individuals to empower themselves by protecting their savings by owning small or large amounts gold previously inaccessible to regular people like you and me.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
See Steemians unbox Mene: