https://padlet.com/whiadd07/p70fw8i5olmur9xw Timeline of the different factors of production my “how I built this podcast” entrepreneur used throughout his journey making his company’s Diaper.com & Jet.com. (At least 7 events) en-us 2023-02-27 16:09:16 UTC 2023-03-01 15:59:45 UTC hello@padlet.com whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496635720 Factor: Entrepreneurship
- Lore saw an opportunity in selling Diapers online because nobody had figured out how to profit off them yet. He knew that he could sell more diapers than stores could because being online allowed him to reach more buyers.

]]> 2023-02-27 16:19:25 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496635720 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496645618 Factor: Entrepreneurship
-  Lore & his partners found out that at some point when shipping large amounts of product the shippers charge a price based on the dimensions of the box instead of the weight. They encouraged buyers to buy products other than diapers to take up space for shipping. They encouraged this because the marginal cost for shipping another item was lower than the MC for diapers so they could profit off of selling other items in addition to diapers.]]> 2023-02-27 16:25:31 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496645618 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496843091 Factor: Land
- To start his online diaper business he had to buy diapers from stores like Walmart. He started buying out all the store's diapers and selling them online for the store price. (Materials used from land to make diapers) ]]> 2023-02-27 18:32:58 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496843091 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496847785 Factor: Labor
- In order to start Jet.com Lore had to hire some of the best employees in the world. He supported them and allowed them to work and do what their best at to help Jet.com. Created a good culture for his employees by having unbiased salaries and trust between his colleagues. ]]> 2023-02-27 18:36:04 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2496847785 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2497998729 Factor: Labor
- Marc Lore recruited multiple business partners to help him develop Diapers.com and Jet.com. His partners were Nate Faust and Mike Hanrahan and he shared his profits with them.

]]> 2023-02-28 14:06:07 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2497998729 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2498064937 Factor: Capital
- Lore used trucks to ship large amounts of his products as cheaply and effectively as possible.]]> 2023-02-28 14:45:24 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2498064937 whiadd07 https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2498067648 Factor: Entrepreneurship
- As a kid Marc Lore would buy cards with his buddies and sort them and re-sell them for more because the cards were sorted. This is one example of many strategies Lore used to make money. Lore did anything he could as a kid to make money. His passion for making money through cards continued when he raised 5 million dollars through an athlete card trading company. When players did well the value of the card went up and vice versa. When a stock market crashed nobody had money to use Lore’s trading card business anymore. He could not profit off the company anymore so he sold his company for 5.7 million to Topps.]]> 2023-02-28 14:46:54 UTC https://padlet.com/whiadd07/p70fw8i5olmur9xw/wish/2498067648