Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit.
Conrad HiltonRead
The buyer is entitled to a bargain. The seller is entitled to a profit. So there is a fine margin in between where the price is right. I have found this to be true to this day whether dealing in paper hats, winter underwear or hotels.
Interpretation
What this quote means
Every transaction involves finding a balance between what the buyer wants to pay and what the seller wants to earn.
This quote illustrates the delicate relationship between buyers and sellers in any market. It emphasizes that while buyers seek the best deal, sellers aim to maximize profit, creating a 'fine margin' that defines fair pricing. This concept applies universally, regardless of the products or services being exchanged, highlighting the inherent dynamics of commerce.
Themes
BargainProfitPriceBuyerSeller
In practice
Example use cases
In a negotiation workshop, one might use this quote to illustrate the importance of understanding both parties' interests.
More from Conrad Hilton
All quotes →Success ... seems to be connected with action. Successful men keep moving. They make mistakes, but they don't quit.
Conrad HiltonRead
Be ever watchful for the opportunity to shelter little children with the umbrella of your charity; be generous to their schools, their hospitals, and their places of worship. For, as they must bear the burdens of our mistakes, so are they in their innocence the repositories of our hopes for the upward progress of humanity.
Conrad HiltonRead
I know when I have a problem and have done all I can to figure it, I keep listening in a sort of inside silence 'til something clicks and I feel a right answer.
Conrad HiltonRead
Similar quotes
You should learn from your competitor, but never copy. Copy and you die.
Jack MaRead
Corporations hope that the right concept will turn things around overnight. This is what you might call the crash-diet approach: starve yourself for a few days and you'll be thin for life.
James SurowieckiRead
When you improve your product so it does the customer's job better, then you gain market share.
Clayton M. ChristensenRead
A business is not defined by its name, statutes, or articles of incorporation. It is defined by the business mission. Only a clear definition of the mission and purpose of the organization makes possible clear and realistic business objectives.
Peter DruckerRead
Business plans are the tool existing companies use for execution. They are the wrong tool to search for a business model.
Steve BlankRead
If you don't understand the details of your business you are going to fail.
Jeff BezosRead