Tuesday, November 28, 2006

Stephon Marbury: Entrepreneur and Social Activist

NBA star Stephon Marbury has a new shoe that sells for just $14.98. You can read about it here.

He says that kids pay too much for basketball shoes endorsed by big stars (some over $100). He also says that they actually don't cost much to make (under $15). So he wants to make things easier for low-income parents to afford shoes for their kids.

So is this shoe any good? Are kids going for it? Although Stephon Marbury is trying to help people, it is also good old-fashioned capitalism at work. He spotted an opportunity for profit and is under cutting the competition.

1 comment:

champ said...

well maybe he isn't undercutting the competition. The reason I say so is: most urban kids and/or inner city kids are not fond of buying cheap shoes. Most of the time, said shoes come from places like Wal-Mart and pay less which is ridiculed by most kids peers. So, if you don't want to be a laughing stock, you avoid shopping at such places. Just maybe it is goodwill, considering Marbury isn't really a legitimate star.