- Mar 24, 2009
First mover has the advantage. The one to realize the potential and make the money. Happens in all business including mine. The current business that I am in, 4 years ago the margin was 100% in wholesale!! Within no time people flooded. Today in retail I don't get 25%!!True Yusuf bhai... But you know the problem with these horticultural crops... Arecanut, Cocoa, Cardamom, Vanilla etc. The prices will be high initially. An enterprising bunch get into it. Make a huge profit. People follow like crazy. Glut in the market. Prices crash. People burn their hands. They then keep away from that crop. Prices stabilize!
About 6-7 years ago those who were in this field did 1:3!!