This statement suggests that physical goods or tangible items are often perceived as having more value than intangible services. When people purchase a product, they can see and touch it immediately, which creates an instant sense of ownership and satisfaction. On the other hand, services like consulting or coaching might take time to show their benefits, making them less tangible in the moment.
The deeper meaning behind this quote lies in how society and individuals often measure value. Products are usually associated with concrete results, such as a new gadget offering immediate utility or pleasure. Services, however, are intangible and can be harder for people to quantify or appreciate immediately. This perception can impact business strategies, marketing efforts, and even personal decision-making processes. Companies might find it easier to sell products because they provide instant gratification, whereas services require more education about their long-term benefits.
James Altucher is a well-known American author, venture capitalist, and entrepreneur based in New York City. He frequently shares insights on business strategies, technology trends, and personal finance through his writing and public speaking engagements. His work often focuses on entrepreneurship and the changing dynamics of modern economies.
