Sethi: Unnecessary luxury pet items are often more profitable due to price insensitivity
Ramit Sethi · Why You Should Have a Diversified Investment Portfolio | My First Million #214 with Ramit Sethi · Aug 27, 2021 · at 34:47
Personal finance author Ramit Sethi explains high-margin business ideas on My First Million with Sean Puri and Sam Parr.
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“There's a decorative items for dogs, which I love because the more unnecessary they are, Oftentimes the more profitable it can be, right? I don't, you're not buying a luxury sweater because you need it. You're buying it because you want it and price is largely irrelevant.”
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