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Unfortunately, I don't remember the details, but from what I recall it was 'simply' a conscious decision on his part to switch his customer base, so it seemed t
by nautilius 5y ago
Unfortunately, I don't remember the details, but from what I recall it was 'simply' a conscious decision on his part to switch his customer base, so it seemed that tooling/parts/skills/money were not the problem. I assume, as always, that luck has to be involved for someone to discover you and think you're worthy of their money. Then again, just the price tag alone may signify that you're worthy (remember that iPhone app 'I am rich', that did nothing but cost a couple thousand dollars?). Especially if your target audience really doesn't care about the price at all and can just afford to buy it as a novelty, to be the first to have watches from that new unknown brand, before it was cool.
But the story had an immediate impact on how I thought about many products and marketing.
- nanomonkey 5y agoAs a previous goldsmith, I'd say it's the materials used (gold/platinum over silver) and the time one puts into a piece. Gold is easier to work with than silver as you don't have to worry about fire-scale and it's more malleable, so if you're able to produce a piece in silver, or stainless steel for that matter, then making the same piece in gold just comes down to investing more in your materials (~$1,8000 vs $30 an oz for gold vs. silver) for each piece. After that the time, embellishments are just more time invested with the piece.