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The Glace Bay Wall of Fame was formerly the Glace Bay Hall of

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February 11th, 2013

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Go for a run. Call up your best friend and let it all out. Cry if it feels right. Perry Marshall has developed a really neat tool called the Power Curve, which applies the fractal nature of 80/20 to how much people will spend on a particular product or experience. He shows, for instance, how if 50,000 people will spend at least $100 for a football game ticket, we can calculate with amazing accuracy how many people would spend more than $10,000 obviously not for the same ticket, but for something super high end, such as a skybox. Half the money in the sports industry, Perry says, comes from exploiting this amazing propensity for a tiny percentage of fans to spend outrageous amounts of money.

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