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That is how business works. It's the definition of business. He is not running a charity. It is a for profit business. Also, the intent of my question wasn't g
by qwrusz 10y ago
That is how business works. It's the definition of business. He is not running a charity. It is a for profit business.
Also, the intent of my question wasn't greedy-capitalism-gouge-the-customer...I meant if a business can charge more for their service and have better margins without pricing out would-be customers or losing them to lower priced competition (neither were his reasons) then why not charge more?
That extra money can be reinvested in this business or another business or used to retire early or go on vacation.
The guy runs a business, make a profit when you can. Every success is transitory here.
- totalZero 10y agoWe're discussing how low his prices are, which is PHENOMENAL press for him. Taking a lower profit margin on a larger revenue stream is another way to get rich.
- vacri 10y ago"I don't get lower rates from the artists than my competitors, so I just undercut them in final retail price instead."