Okay, I’ve been sitting here for a bit, letting this little piece of supposed wisdom “sink in,” but it’s not working very well.
Let me explain to you why a company can charge $700 for a purse made in a factory. It’s because people are willing to pay $700 for a purse. That’s why.
Not me. I’m not an idiot and I wouldn’t pay more than about $10 for a purse, but then, I’m the type who buys one and uses it for the next 20 years.
But that’s why they can do it. Somebody buys them. If somebody doesn’t buy them, then you can bet your sweet bippy they will have a sale.
As for the rest of that silly meme, it’s “sin” to charge $35 for a handmade purse? Or a handmade anything? Since when? Where? Who made that proclamation?
First off, what is a “sin”? It’s a religious word, invented by religion, with no meaning in the secular world at all. It doesn’t apply to business. Jesus does not care what you charge for your handmade stuff on Etsy, I promise.
But more than that, people will pay whatever they think your stuff is worth. Frankly, the factory made purse is probably more durable than your handmade one. They have heavier machines to do the work. In addition, there is status involved. Your Etsy purse from “JDB Corner” doesn’t have any status. It does have a monogram, and scalloped edges, which you might think is pretty (or you might think it’s hideous). Louis Vuitton does have status, quite a lot of it. That might be some sort of statement about the values of the consumer, and Vuitton is definitely not my bag, but that’s the way it works whether you like it or not.
I think I’m probably a fairly typical consumer. I buy some stuff from places like Etsy or from local artisans. I buy some stuff that is pretty high-end, simply because I want whatever it and don’t mind paying extra to get it (for example: I have one of the nicest grain grinders made – I could have gotten a cheaper type, but I wanted the good one). And most of the stuff I buy is in the middle of the road.
To get my dollars, you have to convince me that what you’ve got is worth what you’re asking for it. Do that, and we’ll do business. Fail to do that, and I will go elsewhere.
I thought Joe and Nicole were all about the free market?