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This is the fastest business model I have ever seen to clear inventory. A clothing store owner sold all the inventory in the end of the year. How did he do it?

He held a lottery in a department store. Consumers only needed to pay 100US dollars to participate in the lottery, and the first prize was an electric car worth 5000US dollars. 100 people as a group would participate in the lottery. Among these 100 people, only one person could win the first prize. And how about the other 99 people ? The merchant gave each of them a 200US-dollar coupon that could be used in the department store, as well as a coat priced at 150US dollars. Consumers, therefore, could hardly say no to such an offer. They spent 100US dollars and got a chance to win the first prize. Even if they didn’t, they would not lose money. They got a 150US-dollar jacket and a 200US-dollar  coupon. This event, therefore, drew numerous people.

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“Time can not only be traded, but attached with a price tag.” This may sound absurd, but that’s how it works. For example, if you make 3000US dollars a month, it means that others’ buy your time for a month with 3000US dollars. Let’s say you work for 150 hours a month, then your time is price at 20US dollars/hr.

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