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In Reply to: RE: That's a very good point about price... posted by AbeCollins on May 02, 2024 at 15:47:47
I forgot what interview it was but it's still on the Web somewhere. He didn't like what Hi-Fi was turning into because of this
A company could take a stellar design, put some unique parts in it, charge an astronomical price and only have to sell one of them to equal the amount of another company (like Fosi or...) to make the same profit by them selling 1,000 units.
Follow Ups:
I suppose the benefits of going upmarket with your product line are many.
- Fewer customers to deal with
- Fewer parts to order and stock
- Fewer packaging boxes
- Less personnel needed in manufacturing
- Smaller factory space / lower rent
etc. etc.
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