We are living in a world where businesses deploy tactics to stay ahead of every curve. When there is an economic shift in price due to inflation or government mismanagement as the case may be, it always boils down to survival of the fittest. From my own experience, it is never an easy thing, squeezing out a meaningful revenue at the end of the month will be a big fight.
Nevertheless, there are big companies who have an early edge in the world of business and easily influence how customers should operate or comply to keep everyone going. It is always a sweet thing to dominate the demand and supply chain. Perhaps, the advantage has always been the fact that they entered business early and also have been delivering a good product.
Yes, quality overtime pays up. It is a reputation that continues to promote customer satisfaction. Even in my early stage of business, I have seen it help in keeping us this far. Our efforts have always been comprehended by even those who later travelled afar. Never think customers don't know what is good, even you yourself are a customer somewhere. Why do you continue valuing that product or service? Of course, it served you better. This is where I always continue to conclude that quality has a price.
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Many companies have taken advantage of this to pressurize their customers by forcing more money out of their pocket. Speaking from my recent experience, there was a milk drink I really enjoyed taking. Maybe it is not only me who enjoyed it. The demand for it has continually been kicking and I have been complying. Last year December saw the price kick much more than expected and when I asked the sellers why this is so, their reply was that companies are going on Christmas break.
I could understand the December emotional buying which of course is likely to send prices high. My expectation was that it will settle by this January. It was a wrong expectation, getting to the store to get it two days ago shows another result, the price kicked again and this time I couldn't just close my eyes. Are they selling quality? Of course. Is this current price worth it? From my point of view, it is not. This is an absolute market hype and nothing much personal. I see them taking advantage of high demand to continually milk the market.
I am not here to tell people how to run their business but for me, I am out. Maybe until they get the price to where I feel it is comfortable for a buy. There is a familiar quote, 'no man is indispensable', maybe I should rephrase that no product or service or perhaps company is indispensable. I have decided to search for a replacement product. Maybe when they see a decline in buy, they will reconsider and even if it doesn't, I am out. Doing business doesn't mean you should tear someone's pocket with a single purchase.
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I am also in business with many things to consider, as we continue to individually add prices, so is the price of everything in general adding up. If I were to take my service to the exact price to blend with the economy, I feel a lot of my customers wouldn't be able to afford and of course, to be more precise my business currently doesn't have such influential stamina. This doesn't mean those who are atop should continue squeezing out those in the bottom because of a long standing reputation.
Our economy has really been hyped and this just keeps continuing. The overhyping is what I sometimes ask people, is the government also involved in this? I am already sensing an overall increase in prices of commodity and service this year. It is coming very early. Nothing is always planning to decline in price after an increase over here. Are we looking at another 200x rise adding to where it already is?.
That was just bytheway, big companies over hyping products is not encouraging. Maybe they are trying to sieve their customer base which I am already out. I just have to get what I want elsewhere without having to tear myself out. Quality has a price but over hyped quality is more of duping the masses. Considering first, a large customer base like what they have is already a good return on investment, why try to double interest overnight?
To conclude, let me add, there is a need to weigh your daily expenses. Some of the products we buy are not worth the price tag. It is just entrepreneurs wanting to make more. The market has always been a place of greed and this has affected our economy hugely adding to the fact the government has not been able to manage the economy accurately. I will continue to be a fan of quality, so yes I will pay for quality at its due price. Those with a hedge should not wear their customers out.
Posted Using INLEO