Ads Quote by Josh Williams
“It's a gold rush ad we're selling the shovels.”
About This Quote
It likens profiting from a boom to selling tools rather than the commodity itself, highlighting indirect profit strategies.
In simple terms: Profit from supporting a trend rather than the trend itself.
Key Takeaway
Focus on providing essential services in booming markets.
Themes
business
strategy
entrepreneurship
market dynamics
indirect profit
Mood
pragmatic
analytical
Type
advice
business
When to use this quote
- startup funding
- real estate
- technology adoption
- resource supply
Key Concepts
Value chain
secondary markets
risk management
Questions to Reflect On
- How can you add value beyond the hype?
- What services become essential in a boom?
A Different Perspective
Relying on secondary markets can be volatile if the primary demand collapses.
![“The most recent incarnation of [Bob] Dylan has been the traveling journeyman/ charlatan who sings roots music, snarls dark lyrics that make "All Along the Watchtower" sound like a Disney tune, hosts an old-school radio show, and turns up in some unusual places, like ads for Chrysler and Victoria's…” quote by Jay Michaelson](https://sms4smile.com/quotes/img-quotes/734/jay-michaelson-15590_ads_the-most-recent-incarnation-of-bob-dylan_17700.jpg)
