The INSANE Truth About IKEA
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- Äas pĆidĂĄn 7. 05. 2024
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The INSANE Truth About IKEA
How IKEA Brainwashes You
How IKEA Manipulates You
How IKEA Brainwashed Everyone
How IKEA Tricks You
The Wild Truth About IKEA
IKEA Business Documentary (mini business movie) - How did IKEA start? How IKEA become so successful? What is the IKEA effect and the weird psychology behind IKEA's success? What's the deal with IKEA's weird corporate structure to save on taxes?
When an innocent customer walks into IKEA, what theyâre really walking into⊠is a powerful psychological trap meticulously designed to make them overspend on furniture. IKEA is one of the worldâs strangest, but also most innovative companies. And every year, IKEA sells more than $50 billion worth of everything from chairs, to bookcases, to Swedish meatballs. Today, IKEA is the largest furniture retailer in the world, and oddly also among the worldâs 50 largest restaurant chains. But it all started with a dyslexic farm boy who started selling matches for pennies. IKEA has a remarkably uplifting story, and thereâs tons of genius business strategies along the way. But, there is also a darker side to IKEA - and the man who started it (Ingvar Kamprad). IKEAâs beloved founder has ties to the Nazi party, and the company has been accused of avoiding billions in taxes, and even using forced labor. And quite suspiciously, IKEA is essentially the 4th largest charity in the world (Stichting INGKA Foundation). This is the crazy true success story of IKEA & billionaire Ingvar Kamprad. And it begins, with a horrible tragedy... I hope you enjoy this journey through IKEA's INSANE history, brought to you by MagnatesMedia.
â Chapters:
00:00 Prologue (The IKEA Story)
01:09 Chapter 1: A Tragic Beginning
06:07 Chapter 2: Changing The Game
12:11 Chapter 3: The Swedish Furniture Wars
15:54 Chapter 4: The IKEA Effect
17:58 How I Make Videos For MagnatesMedia
19:00 Chapter 5: An Empire By Design
23:39 Chapter 6: Tax Troubles
25:30 Save Money On Every Delivery You Send
26:33 Chapter 7: The Ghost of The Past
DISCLAIMER: I'm not a journalist and this video was made using publicly available research. I am not a financial advisor and this is not financial advice. I may receive a commission on affiliate links used. All content is used within the parameters of fair use. Please view MagnatesMedia's About page to contact me.
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Anyway, IKEA is a really interesting (and unusual) business so I hope you enjoy the story.
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ok
Oh thx
I love your vids!!!
I KNEW IKEA WAAS BAD đLOL
I met the ikea founder when I was younger, apparently I had taken a flight with my mom and he was in the economy seat next to her. I was too young to remember anything but she has a single photo of the guy in the background taking his luggage out of the ceiling.
A few years ago I got an private tour of the first IKEA and the IKEA headquarters in Ălmhult, Sweden, when i was there I was taught the history of IKEA from an senior furniture designer, and well, this video is probably the closest description of how he described it, good job! You earned yourself an meatball eating Swedish subscriber!
All the business stayed the same," buy cheap goods and resell at higher price"
Can the public tour the facility?
@@ShotByKjay what you mean all business, CZcams isnt like that
@@yeetboi268 oh no. no, no. no
Legally speaking, the HQ of Sweden is divided between the Netherlands and Luxembourg. Sweden, unfortunately, has nothing to do with IKEA... legally speaking. Historically, yes. Financially, no... And, legally, certainly not. Ălmhult, Sweden, is pure marketing.
When I'm watching these kinds of videos,as a video editor, I always try to observe each and every single one editing trick you are using, then realising how much time these kinds of videos take to make, not only the immersive and well thought out editing, but also the research, the script. Well done, keep making these documentaries, will always be happy to watch them!
lol same
same lol
me always
If you want, you can also show me one of your projects
Lol same here
I once interviewed for Ikea. It was not your regular job interview. It was much more fun. We formed teams and had to build an Ikea display from cardboard and then present it. At the end of it we all got free icecream đ Even though I didnât get the job, I didnât have any bad feelings for the company thanks to the icecream and thanks to how fun it was to interview for them in contrast to all the other interviews that I was going to at the time.
ice cream
That sounds more reasonable. Offering some kind of reward, and fun, is a great way to go.
I heard this joke once: job interview at other furniture dealer: do sit down... interview at ikea: here's an Allen key, make yourself a chair, then sit down...
I worked for IKEA for about a year, under IFS (Ikea Food Services - Restaurant, Bistro, and Swedish Food Market), I learned that when they have executives or head training teams around the world to train new stores/inspect stores, they all fly economy. Because everyone is equal.
@@AldrinorTalnier Hej! I work for IKEA, and that is true (IKEA Portugal) :)
I grew up in the tiny city with like 8000 inhabitants where the first IKEA was made (Ălmhult) and the day Ingvar died was the weirdest day ever, felt like the king of Sweden had died or something
He wasn't King there? It's gotta be the chef then
The greatest part of IKEA products coming in parts you have to assemble, is the many ways to Hack IKEA items to fully customize using parts. It's like LEGO.
No. The greatest part is that it can be flat packed for easy shipping and moving. Thatâs why the assembly is good. Iâm sure your hacks are⊠hackey. Did you mean using the plain product as a base and then adding your own style? Thatâs different than a hack.
@@stedydubdetroit Yea but it's but that is well known and even copied by many products today, but IKEA Hacks is unique to IKEA and you can even go to a store and just buy spare parts in bins for super cheap.
I recently added a hardwood board to a shoe cabinet in the hallway... now it looks a lot more expensive indeed, I also ended up painting all the ikea items in the living room white, somehow it makes them look better, although it's a lot of work. Anyway it looks better than the melamine lined items.
@@marcdc6809 That is exactly what @stedydubdetroit said
Well- my wife and I once went to imea to "look and eat some meat balls" and went home with a credit of almost 5k and furniture and other stuff for almost the whole appartement. Nothing we didn't need anyway but that day we juuuust wanted to look.
One reason he became so rich is that he owned a subsidiary company, Ikea Design, which owned all the design rights and that company received 3% of the sales price which went straight into his pocket. If you look closely on the name tag there's always this name on the tag.
Please can you elaborate. Thanks
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That sounds like a smart thing to do.
Expensive vs. Cheap. I hear that many carpenters don't like, or even right out hate IKEA for taking their business.
But they also have to realise that many people buying furniture from IKEA aren't their likely customers anyway.
I see myself here.
I need a new desk, but I can't afford a âŹ3000 desk. Not with my salary. When I look around I can find some sub âŹ3000 desks from independent carpenters, but they're not that cheap.
I then look at IKEA and immediately find a desk that suits my needs for around âŹ200. I wonder... are there any carpenters out there taking on this price?
Ah, I hear the crows yelling "Quality over price".
Here's the kicker: That IKEA desk for âŹ200 is good enough quality for my needs. I'm not putting a zoo and a circus on it. Just a few computer accessories. I don't *need* it to be of solid rare wood. I don't *need* it to be covered by ultrium-hard ceramic paint.
I'm not a carpenter's customer. I'm an IKEA customer. They're not the same.
Everyone's wish is to find carpenter's quality at IKEA prices.
I have ikea furniture for 25 years and will,probably last another 25. This piece of furniture endured 5 moving companies. đ
Two of my very first IKEA furniture pieces were a KIVIK sofa and a POANG armchair. I bought them when IKEA first opened a store in Thailand in 2011. Not surprisingly, they still look good even though my kids have been jumping on them pretty much every day for the past 5 years.
Yes, I'm an IKEA customer too, lol.
I might be a third option here.
I design and make my own furniture.
The desk I'm sitting at was made from pieces of old wardrobe and is custom sized to my needs. Serving me for over 15 years now. I also made a stand/desk for a digital piano.
Custom designs are way to go when you have custom needs.
Doesn't mean I don't use Ikea products - but most of them are modified or hacked together, often with help of nearby carpenter.
a colleague of mine wanted to have a made to measure walk in dresser... the professional carpenter told him he should order the ikea pax-combo of his choice and he'd provide a sliding door at the entry and some fine expensive wood trims to integrate it and make it look 'chique'... he asked how much extra it would be if the carpenter would also make the insides from scratch... that was lots of money.
Iâm glad that â youâre back â brother. Big love from Mozambique.
Comékie makwezo
I went to ikea to buy candles, and another time to get an ice cream cone. Apparently, their tactic for overspending doesn't work on everyone
But you spent money there
@@iodiimelita7999 because the offer was cheaper than the competition
Because I didn't have money
@@eggizgud unfortunately that's mainly due to governments not implementing universal basic income. That's income that gives every person and family the basic $ for shelter and food, which is non taxable. This way even if someone works part time, they will still have some money. Most people would feel more motivated to work, while receiving the extra $ every month, because it would increase their quality of life. Some people will of course be lazy, but that doesn't mean they won't be productive in some other ways within society.
I once got lost inside an Ikea store.
I'm lucky there's beds and I had some energy bars to help me through my journey.
did the epmloyees get agressive after the store closed?
@@michaelsmith4904 база
I'm a digital artist. I make pfp, banner, logo, thumbnail, overlay, emotes, custom characters and other artwork.
And I do these artwork for few bucks. If anyone is interested in making these things, feel free to get in touch.
@michaelsmith4904 I paid for the candy bars and coffee, no worries. Took a minute to figure out how the register works.
@@imtiazkhan0987 duh whut?
Ikea makes you "overspend" on furniture for sure but they have options that are of cheaper quality but you can actually afford them. We can't buy furniture the way our parents and grandparents did anymore, value for money with quality materials doesn't exist anymore. Furniture has an insane premium on prices now.
It's wild.
I bought some IKEA furniture and was disappointed that the pieces were thin and made out of that compressed paper material.
But then I bought furniture from Amazon and looked at furniture from WalMart and it's all the same. If you want durable furniture made out of actual wood, you can find it at other furniture stores for 5 times the cost of the compressed paper version or more.
All of my most durable furniture is used and over a decade old.
@@AlexsGoogleAccount Do you live in the US? I've heard quite a few people complaining about it over there. I live in Sweden and when I buy from Ikea it's usually made out of pretty decent materials. Although we also have more trees than we know what to do with.
@@carlhaeggman2378 Yes I do. And I don't necessarily have an issue with it. It's still generally a good quality... for its price. But the last couple of items I bought off Amazon for a similar price point have been just as good or better.
"Our parents and grandparents" generally could not buy affordable high quality furniture. The "average" piece of furniture built 100 years ago was pretty crappy - talk to a historian. The "old furniture" we see today was the expensive high quality stuff that lasts, and "regular folk" couldn't afford it, all the "regular" stuff is in a landfill by now. Generally speaking, when looking at almost any product from a real historical perspective, saying "they don't make it like they used to" ignores the fact that back then, what they made was either unaffordable by "ordinary folk" or worse than what you generally get today. Or both. My grandmother's wedding dress "only" cost $8, but she says that was a week's wage - so not as inexpensive as it seems.
Thatâs not true though because even the âgarbageâ furniture of that time was made of solid wood. Before the 40s most furniture was made really well and was very expensive but people would save up and buy it, itâs become very hard to save money in this current era.
Has anyone ever gotten lost in an IKEA? I did once, when I tried to take a shortcut and ended up back at the beginning!
Im from Ălmhult where IKEA is considered to be founded (first physical IKEA store) and Ive worked for IKEA in Ălmhult as well. I did learn some new stuff about IKEA so good work on the research! Would be interesting though to hear a bit more about recent stuff, IKEA has made a lot of changes in modern time. It used to be considered a very good employer that treated the employees very well, not so much now. That I would love to hear a deep dive on. Anyway, thanks for a good video :)
Ikea is the embodiment of 'what doesn't kill you makes you stronger'
I'm a digital artist. I make pfp, banner, logo, thumbnail, overlay, emotes, custom characters and other artwork.
And I do these artwork for few bucks. If anyone is interested in making these things, feel free to get in touch.
except Nazi party affiliations
bro i havent watched your videos in a couple years and I was shocked by how much higher the quality was, keep up the good work bro
I've mastered getting out of IKEAs as fast as possible without impulse buying. Also, if I have a bunch of stuff get, or I'm burning someone there, I like to get there around lunch time, and eat first, then shop. I find that one buys less when full.
Especially if it is food. :)
@@653j521 As opposed to... Joy? Faith? Sperm?
I've lived very close to the first IKEA warehouse in stockholm for over 4 decades (the round guggenheim inspired one) and even tho i've built most of my furniture myself (built in custom solutions) i do have some huge ikea shelf units for my collection and some smaller furniture for storage use. It was fun to visit IKEA in the 80s when i was a kid, and i actually got lost there once, lol. Ingvar is a swedish legend just like ABBA. By the way i've never seen a single video from this channel before, even tho i watch hours of YT videos every day and have been for a decade or so. I've added probably a thousand big YT channels already. It's kinda strange really (yes i know there are tens of thousands of big channels but still)
Great work!! Glad you back đ
Shout out from South Africa
Sameâ€ïž
Same â€
I really want some Simba Chips, but no one importing them in Taiwan. đąđą
same
@@MeowO_O I just looked up Simba Chips because I never heard of them and was surprised to learn that Simba is the Swahili word for "lion," which is interesting because Simba is a lion character.
Now this is a true businessman, despite all the challenges, he always bounced back
Ingvar seems like the perfect businessman, a real genius, a hard worker and passionate about it
It seems like he already almost perfectioned the whole business model before his competitors even changed to this better business model. He was centuries ahead all the time and with the increasing wealth and reputation noone would have even been able to really compete
I don't agree. He more than likely made all the right moves at the right times. He of course was not stupid. Just like Elon Mush and other billionaires. They have a lot of energy but they do make the right moves by luck. What you don't hear about are the thousands of businessmen who also work hard but fail. It is the luck of the draw. Just like investing in the stock market. If you buy the right stock today , you will be a billionaire. No one knows which stock that is though. Someone will randomly buy the winning stock and become rich and these are the people you hear about. You don't hear about the failures.
â@@jeffbguarino His biggest advantage was that another IKEA did not yet exist. He was also helped along by that post war boost, although so were all furniture retailers.
@@dragon_nammi Yes, I agree with that. My father had a successful business. In the 1960's he learned to repair TV's and everyone had a TV about 1960. Then he started renting them out. A black and white TV was about $100 and he charged $10 a month , so each TV was paid off in 10 months. Then color TV's . He expanded and had about 300 customers. Then the government came out with capital gains and sales tax and the accounting was overwhelming. He had a few employees and sold the business in 1972 to another rental company and just concentrated on his job at the railway. The railway was going to fire him for missing too much work , and he missed the work to run his business. This rental business died out about 1980 so the business would never have grown any further. So the conclusion is , no one knows which business will succeed or not. The people that do select the correct business are very very successful but you don't know how many unsuccessful business there are that close down.
17:35 , the emotional attachment of building it. Same as removing powdered egg from cake mix, so you have to add one and it gives you greater pleasure .
Same principle. Never worked for me.... My bed gives me joy because it was delivered, unwrapped, wrapping removed from my home, set up, checked, and I stood there with a big smile reveling in the luxury of not doing it myself. :)
Hey! You can't say Ikea is the worst place to find a lost kid. They do have food, water, lingonberry drink and all the beds the kid could want. Of course it's not good that a kid gets lost for 6 days. But at least they are safer than if the kid was lost in the wilderness or something!
At least in my part of the world, each Ikea is said to be an independent franchise rather than corporate owned. They say this is why prices may vary but it likely reduces taxes somehow.
Nobody makes you go there. If you don't like it, don't go there. This is constant insinuation that their marketing should be regulated by bureaucrats. Just what we need, more commissars!
What part of the video says that?
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And I do these artwork for few bucks. If anyone is interested in making these things, feel free to get in touch.
Swedish kid here and I can confirm that we do like our IKEA a lot. I have got a background tour of IKEA in Sweden and this is surprisingly accurate. Love the content man, keep it up I love you.
deforesting Romanian for your shitty 5-10 year furniture is something to be really proud of
@@Potent_Techmology take more copium and snort less opium
â@@chaose3Okay, do you like the rights your Swedish union helps you get? Then here are some solidarity issues with IKEA. IKEA is more expensive in Asia, and pays their workers about 30% of what a Swedish worker makes.
@@chaose3 sure, as soon as you drop your addy in the chain bud
@@Potent_Techmology do ikea control romainian forests?
Been waiting for a new video bro,..Nice to drop
Get a cup of coffee and get ready to watch
Here before it blows up
tea is the way
My parents said if I reach 10k, they'd buy me a professional camera for recording... Pls guys Im
literally begging you!....đ
â@@MbitaChiziI don't think you're begging hard enough.
đ đ đ â€
This was maybe your most beautiful video yet
Wow, Magnates Media, your video is an absolute masterpiece! Your stunning editing style combined with storytelling is truly inspiring. Watching this has motivated me to start my own CZcams channel. The way you weave visuals and narrative together is an art form. Thank you for sharing your incredible talent with the world!
They way you do your due diligence in every video is the reason I have watched all of your videos twice over and always expecting a new one.
I get BEYOND excited to see a new video posted to this account because I already know the motion graphics and editing will be TOP TIER! Thank you for always producing excellence, and inspiring me to be a better video editor!
Love your videos! Watched them all, I click as soon as they come out
Do yall have an army of editors? As a video editor it's completely beyond me how you can put out 30+ minute videos on a monthly basis with this production quality
A.I. assistance
@@Direnaar i don't think that helps much, ai can only create images rn, can't really help you with advanced video effects
@@nightthemoon8481 It actually can. This video is 100% ai. There are tons of ai video editors and video generators out there. There are whole music videos and anime's generated by ai.
I once again want to reiterate my love for your videos. Thank you so much for the great content. I always look forward to another video. Keep up the great workâ€
Ingvar kamprad was a legend. We will never forget you. RIP
đđ love seeing a new Magnates upload!
If there was an IKEA closer to me, I would go. But I live in a big city, Chicago, and I do not drive. Ikea is in the far suburbs, so mail order it is, but I want the smaller deco items, they don't ship them due to smaller inventory.
It's amazing what you have done with this channel. I think I was somewhere around your 3000 subscriber. I knew your channel was going to be as big as it is! Your documentaries are addictive đ
I was actually at Ikea today, no I did not buy furniture but looked at it and thought there is no way I can possibly justify getting rid of my 30yr old solid pine wood bedroom furniture for the cheap looking Ikea items, it just is not quality and has that really cheap look about it. However I did buy quite a nice set of 6 glasses which are needed.
I absolutely love these videos and how well researched they are!
FINALLY A NEW VIDEO!!! I HAVE BEEN REWATCHING VIDEOS ALL MONTHđ€Łđ€Ł
I like ikea because of the no frills. At othe furniture stores i always feel cheated.
I like to abuse their products to build something else. In recent years this has become increasingly difficult because furniture isn't made from solid materials any more but empty air instead. Let's see where this is gonna take us, me and Ikea
IKEA employee here, from that big hunk of a store in the outskirts of Stockholm (which is four floors now, by the way!). Gotta say I really enjoyed this video, and you did a great job with its story. It more or less checks every box of what I've heard from colleagues since I first started working here. IKEA will definitely outlast its founder's legacy, and hopefully be getting only better along the way.
A few days ago, I heard IKEA was not going to raise prices despite "inflation" being an issue in other sectors (looking at you, mega grocery stores..) I find this very impressive, wouldn't expect it from a seemingly typical mega corporation.
Ikea is creepy , I hate it , and conneted with illegal clear Cuts
I read somewhere that the reason Ingvar was so successful was that he owned everything in every IKEA store and owned all the stores, so the company never paid rent, or paid for supplies after they were sold just as many other big box stores do, and many supermarkets. So when items were sold 100% of the price paid by customers is profit, which is ploughed back into the business. Other big stores such as Tesco and Sainsbury's tried to expand into the big box market but they paid suppliers late and got in trouble with bad publicity and very small profits after everything was paid off. Their brand names were sold to holding companies, IKEA is still owned by his heirs, and they own every item and all their stores.
100%? You mean after wages, and electricity and usual business expenses. So no...not 100% lol Wages are a huge part of a businesses expenses. Staff in store and the back end, the entire distribution chain etc etc etc
Great Content and well made mate â€
Who wouldnât love this quality of education for free
Love this video! I wasnât planning on watching the whole thing, but you got met hooked! The quality, the info, the historyâŠ.you are talented, man!
The last time I visited Ikea, I walked out with my hands empty and just as much money in my wallet as when I entered. Their psychological trap didn't work so well.
Same. It honestly just felt confusing and annoying
Well, did not work on you, but works on millions of people around the world. I guess they can afford it for you to be immune to their tricks.
[mind you this is very very similar to an argument used in lots of cases: "if there is snow in my hand, global warming is a hoax" "if i did not die from x-y-z, then x-y-z is safe" ... (for the record; i am not accusing you with either of this, just pointing out similarties)]
I think these tricks would fail on _everyone_ if they would be going to any store with a "single item" (or a specific few items) in mind. If you go to the store to buy a Hucklebicklebwarf chest of drawers and they don't have _That_ or anything which matches the color and size you wanted, then you will not buy anything. before that : you are focusing on getting to your destination of chest of drawers... after that you storm out because you are disappointed.
But if you go in to 'get some ideas' or in case you were successful in your purchase, you might end up buying some decoration or drawer liners / separators... and heck, throw in a new lamp to put something on top :)
What i like about IKEA's tricks is that they are in a way still a positive experience, after you come home with more than you wanted, you rarely regret buying them and they end up being used or utilized and not just sitting in your closet collecting dust (unless of course you bought the Frufterburbenga closet dust collector..)
[of course excluding the toy section which always makes me itch about what my kids want to pick up :D - well.. if I bring my kids that is :D ]
I have two IKEAs nearby. I was there every week. I didn't buy anything there. We had a cup of coffee or ate. If you don't have any plans and don't know what you really want, you shop there often. If you are picky, you rarely shop there regardless of budget. I have IKEA stuff at home but only when it suits my plan, so it's not often.
I'm glad there's others. I left angry from the experience and the unbelievably chaotic crowd.
lol⊠okay you win! Iâm sure your bachelor pad still looks just as gross as it did before đ€Ș
Amazing video mate keep up the incredible work
You watched the whole video in a minute?
Always enjoyed this style of content on youtube!
Its so nice to see who yout videos constantly getting better! Respect the process!
Always excited when see the magnates media notification
This is one of the most entertaining and educational channels out there. I love it.
I always love the magnetsmedia stories. Im gaining knowledge đȘđ and your storytelling is amazing. Keep up. Thank you
You are my most favorite channel on CZcams. No matter how long your videos are, I cannot stop my eyes watching it complete.
Grow more!
The map at 30:15 is out of date by 10+ years, like all three of the Baltic countries have received a physical Ikea store between 2013-2022 and there are many others missing on the map as well.
Thatâs my grandpaâs best friend he died few years ago. I still have the picture he visited our house here in Sweden đ
I started watching your videos a fee days ago and have been addicted ever since! Amazing to see a new one release đ
Your editing is next level. Great work John!
My approach to Ikea is simple: I don't shop there. I did go a few times in the 1990's, and bought only the items I went for.
RIP ingvar Kamprad. You will be missed
Had the pleasure of meeting him when he visited the store I used to work at!
Not even a thought of leaving video came into my mind love your retention editing
What I really appreciate about the new sectional Iâm going to buy once my condo is done: it comes in small parts so I can fit it through the front door, and I can wash or replace the covers as needed. That makes that piece of furniture last a lot longer than most similar priced items from Wayfair, Amazon, or other furniture stores.
A nice story about Ingvar that i heard from my old boss at a carpentryshop,
My boss's old mentor who also had a carpentry shop, in Ălmhult (where Ingvar came from), and Ingvar would come by every day or so and ask if he could go through the pile of off-cuts and scrap lumber.
Which he could of course, and this for free.
Thing about Ălmhult was at the time it was packet with carpenters and carpentry shop, lumber mills, so Ingvar would go round the area and ask for free scrap material from everybody.
i hate when i get trapped in the endless halls of IKEA and it's night time and the employees keep chasing me, saying "excuse me, the store is now closed..."
I was thinking, mister Ingvar noticed people went home over lunchtime, so he had a restaurant built, then he was frustrated that people would go home at night, so he had lots of beds put up on display...
Love seeing your new upload Johnny!
I will definitely watch this documentary on the weekend. I love your videos, keep them up, nobody is disappointed
Literally the best channel on CZcams right now đŻđŻđŻ
Doesn't disguise the fact that MDF is a fume ridden, unsustainable material and self assembly is a pain in the ass!
ouch, if it hurts there you might be doing it wrong :)
I LOVE your videos. Keep up the great work.
This was an amazing video!!! The story telling and editing †WOW! đ
Is there such a thing as a megacorp that doesn't have a basement full of skeletons?
What skeletons do the rest of us have when we pretend to have "nothing to hide?"
Not basement, refreshing showers so you can get clean after that long train trip
17:15 âIKEA effectâ not sure how much I trust a paper from Dan Ariely in light of recent events. âParticipants saw their amateurish creations⊠as similar in value to the creations of experts, and expected others to share their opinionsâ đ€ was this study able to be replicated I wonder?
The first day IKEA entered into singapore market, i fell in love with their concept. It was huge, walking through it is like a maze, there was a huge restaurant(food was amazing) huge selections of small affordable items that you might want to buy. They do have some food that you might want to buy(their baguette was cheap and good) or their signature meatballs. The way they design it, you will end up spending money(even when you don't intend to spend money before you enter). I always end up spending money and one could really spend the whole day at their store(and you would want to revisit ikea again).
Really well written and well presented video - loved it. Nice one mate.
Fun fact with the flat pack furniture it weighs a boat load while truck regularily near gvw even though the trailer was only half full in volume
i love your visuals, they're so slick đ€©
also have you ever heard of scp 3008?
I love all the videos. I've watched them all and wish there were more! Thank you!
Watching this on a GALANT Ikea desk. I wish they still made the big ones without the rounded corners and still sold T-legs.
I like that I am sitting on an ikea chair and using an ikea desk while watching this video
I'm actually sitting in a 25 year old Poang chair, still happy with it.
Plus Costco, just like Ikea, is just full of genius
Love the effort you put into these videos.
I'm learning a lot from you John. You keep on inspiring to follow my dream of doing youtube. I'm still figuring it out but whenever I want to give up watching your videos keep inspiring to go on. â€
âDespite his house, family, 450 acres of property, he had nothingâ bruh wtfđ
Redefining poor.
They lived in SmÄland, where the farmland is anything but prosperous. It is called "Stenriket"; The Country of Stone,because the land is so difficult to farm and yield so little in return. SmÄland was the primary emigrant county due to how hard it was to make a living there, so 450 acres ues, but it was probably a quite subpar plot of land requiring lots of work to support a growing family.
You missed the part where the dad ended him self because he couldn't pay the debts eh ?
@@elias_creates, nah. Iâm highlighting the part where he has significantly more than most. And only paid Pennies on the dollar compared to todayâs market. Countless people have lost family. I havenât seen my parents since I was 4âŠ. Idk about you but I donât have 450 acres
@@sebastianhutton3176 sorry to hear that, but I'm not referring to losing family, I'm referring to being unable to pay the bills because of a lack of funds
Ikea is the most frustrating place to buy from.
I have had a dozen items in my bag for over four years now and I can't even get them. They are not available in store or online or wont ship to me or the shipping would be several hundred times more than the items cost. Guess Ingvar was not the shipping logistics genius he was made out to be after all.
Ikea consistently under stocks the best selling items, they are always out of stock on everything.
*love seeing a new Magnates upload!*
awesome channel, Watching almost every video and always looking foreward to the new video's.
Iâve never heard of anyone being proud of building flat pack furniture but each to their own I suppose
I know, right? Emotional attachment? I had built many flat pack pieces and I couldn't care less if I gave them away.
There is something worse ordering something from China with the instructions in broken English .
@@TheSilmarillian Worse is overpriced American crap.
There are many people who never picked up a proper tool and built stuff.
Sure they can program a computer or paint art. Using simple Allan key and you got furniture that make you feel good for a few years.
Barely even started yet and I can already tell this'll be a brilliant video. I've practically binge-watched all of your videos.
Great video. Just discovered the channel and I already have 10 other videos in different tabs to follow.
You know how to tell a story. Very educative and entertaining at the same time. Kudos to you...
I used to assist the owner of the IKEA in Houston, when I worked at Nordstrom. She was a sweet elderly lady, (I believe her name was Maude WittâŠ.this was 20 years ago). One day I asked her, âdo you know what IKEA stands for?â She went into this long answer. When she finished, I jokingly said, âNooooooâŠ..it means FINE PARTICLE BOARD in Swedish!â She looked at me (completely puzzled đ€š), and, ânoâŠ..no not at all!â There was definitely a language barrierđ€Łđ€Łđ€Łđ€Ł
Completely wrong. Magnates Media explains what IKEA stands for. So maybe watch the video before you make a dumb comment because you clearly didn't watch it, and it's general knowledge for like fifty years or so anyway.
Good joke. Another one is: IKEA means 'firewood' in Swedish.
Here I was thinking that the strategy of making the consumer spend more hours interacting with your product started with social media. Nope.
Fantastic story and outstanding production values! Thank you!
... as I watch this in my Poang chair, monitors on a Gallant desk, business supplies on a Billy bookshelf, and a Lack room divider.
The legend is back again.
Grab the tea and snacks, enjoy the show.
Good day
My dad made simple but economical and effective pine bookshelves at his college wood shop in the 1960s.
I did much the same when I made a simple CD shelf in the 1990s for my ridiculously large music collection.
Mass production incentivizes people not to learn even basic skills - e.g. beginner carpentry or hand or machine sewing.
You arguably also have a more superficial relationship with a cheap mass-produced good, even if thereâs âsome assembly required.â
I really like the Ikea-experience with attractions such as sustainability infotainments, unlimited drink refills and cheap buffet-like restaurants. I'm also a fan of simple/minimalist but practical/effective designs.
I absolutely love your videos, learned a lot. If at all, could we get a few videos on music/Hollywood icons?