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I can tell you as someone who sells products to the public that price is one of the primary drivers of sales. If there was a way for the higher quality manufact
by toasterlovin 6y ago
I can tell you as someone who sells products to the public that price is one of the primary drivers of sales. If there was a way for the higher quality manufacturers to cut their sell price in half, they would do that. But that they have decided to go into the market with a price that is 2x the cheapest competition tells you that they have very good reason for doing so.
- econcon 6y agoI've also served on company boards which believed "if the product is cheaply available then it will be considered low quality by the end user regardless of how much better it is in comparison to the competitor, so we must not drop the price and keep our margins high, take out more in profits". They also say, "competing on price is for losers, it's race to bottom and at the end we'll have no margins left"
- imtringued 6y agoYou can only charge more if your product is actually better in some way. However, a lot of companies are willingly sacrificing their trusted brands for a quick buck by lowering the quality that made the brand attractive in the first place.