This one time our middle sons reveals his entrepreneurship

by sheltron on 24 September 2017

This one time our middle son, Logan had recently turned 5 and he’s got quite the business head on him. To us, and any adult that visits, he’ll offer a “lucky dip” from a mystery box or a bag. He says “Would you like a lucky dip?”. To which, you reply “yes”. And he says “You have to give me money”.

I just can’t stop myself. I’ve paid up to $2, because that was the only coin I had at the time. 20c to see if he would refuse (he didn’t). And 50c this morning.

I pull out a piece of junk that I put on a shelf or kitchen bench and forget about. He comes along a day or 2 later, swoops it up and puts it back in his luck dip bag.

He made the same offer to his little brother (2yo) who could only afford to pay with a small elephant. Logan accepted and Nathan scored a yellow bracelet in exchange. Logan then added the elephant to his mystery bag.

I offered Logan similar non-cash items but Logan told me “No daddy, you have to pay me money”.

He is demonstrating sales principles that have taken me 40 years to learn: Scarcity, Intrigue, Bait-and-Switch, Gaming Theory, Value-Based-Pricing, Pricing-Based-On-Capacity-To-Pay, Establishing-Desire-Before-Making-An-Offer.

I’m amazed.

And proud.

And running out of coins.

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