
What Scrunchies Taught Me About Market Demand
Ligas para el pelo o scrunchies
NORA ABOUSTEIT: The first time I faced this problem, I didn’t even know what a market was: I was 13 and started a business to sell hair scrunchies. This was in the ’80s and I found that neon colors sold the best. I would produce a few and see what people wanted most, and then produce more of it.
It was the first substantial money I ever made. And it grounded my passion for building businesses. From 13 onwards, I have always started and run one business or another, whether it was renting videotapes in high school (Breakfast Club was a great money maker), brokering supermarket research, or selling flash stickers for cell phones in college.
And there...