Razors and razor blades – a great story of how conventional wisdom can be wrong (via A Man With A Ph.D.)


Razor (Photo credit: Riebart)

Interesting how narratives and lies in media happen.

by scottfeldsteinThe Myth Of Razors And Razor Blades [Via Techdirt] The story of Gillette and the famous “razors and razor bladesbusiness model is legendary at this point. The story goes that King Gillette revolutionized business by coming up with the strategy of selling razors cheaply, but then locking people in to expensive disposable razors, where the margin existed. This strategy has become so well-known that it’s mentioned all the time and … Read More

via A Man With A Ph.D.