Secondary Market Management: Understanding Secondary Market Value
Summary:
A presentation on how companies can better control their collectible product's long-term profitability, and for collectors who want to better understand what impacts the value of their collection.
Description:
In the collectibles market, firms can be tempted to increase supply so to maximize revenue; however, in many cases, this has led to long-term profit declines and, ultimately, the failure of the product. Steven believes companies can help prevent such catastrophes by developing Secondary Market Management strategies. He will go in-depth on the nature of customers and the different types of collectible products, along with his findings based on millions of blockchain transactions that give new insight into what factors contribute to the fluctuation of a product’s secondary market value. He concludes by sharing a new empirical model that can help companies maximize profits by finding the optimal collectible initial pricing and production quantities. Along with additional insight for any enthusiastic customer of collectible products.