Our 2nd market was a huge success! Our entrepreneurs are learning important lessons about commerce, and it seemed today's lessons focused mainly on "demand." A few businesses struggled to get customers in the beginning, as many flocked to one booth and stayed for a while. They learned that business can be slow in the beginning, but as customers' interest in one product or service dies down, they will go to another. A product of mine, touchable bubbles, was in such high-demand that I decided to auction it off! I only had one package of the bubbles, yet 6 customers wanted to buy it. This forced the students to consider how much value this product had to them. Was it worth spending all of their money? Half? The bidding started at 5 albino bucks. In the end, one student was willing to spend all of her money - 65 albino bucks!
Below you will find videos from the market. You will hear negotiations, advertisement, communication between business partners, and financial decisions being made. And as if I had paid him to do so, one student remarked, "This was like the most fun learning experience ever!"
Little people, big minds.