Friday, August 7, 2009
A 3rd Grade lesson in Economics
Our first lesson in business. It's not a lemonade stand, but it's the same concept. A lesson in business, customer service, and money management.
Market research: What is the going price for your product in your area? I handed John a local flyer, and stopped by a local farmers market. 33 cents to 50 cents was the going rate for corn on the cob. We settled on a price...
Then advertisement: We created a sign. Letters in bold so cars driving by could read it.
Assessment: We had 5 cars stop and sold $12 worth of corn. Everyone who stopped was wonderful, and kind. His first customer gave him a $1.00 tip. Very nice man. It is not a fortune in the making, but a hands on lesson in economics. All in all a great experience. We are hoping to have enough cantaloupe in our garden to do this again. Cross your fingers that the deer don't spoil our fun. So far they have done a good job of raiding our garden at night.
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