Do it right and enjoy life #10 - To buy or no to buy?
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I moved to Hive. You can read all my content there.
Due to a sad series of events steem is no longer decentralized nor censorship-resistant.
I don't know how it will look like in the future but right now it's more like a personal database than a proper blockchain.
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This post has been ranked within the top 50 most undervalued posts in the second half of Apr 14. We estimate that this post is undervalued by $0.74 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Apr 14 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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In our private lives we dont think about the nature of value too much, but as a professional buyer for many years its amazing that most people think they know how to buy things, but really they underestimate the complexity.
Many people fail to recongnise the value of goodwill, in the context of the village shop the owner might sponsor the local sports team, or quietly discount goods for the elderly, or turn a blind eye to some minor misdemeanours by local youths. Large corporate stores dont do that, the offer you the illusion of goodwill with loyalty cards and special offers, they may even sponsor a team, but its not from caring about the community its about the illusion of goodwill.
Value = Quality / Price
Little details with huge impact. Thanks for your comment.
The town where I grew up in used to have a store. Its prices were higher than the ones in the city, but it was a convenience for the people living there if they just needed a couple of things. However, it did not earn enough from the people to survive on just that. It mainly survived, because it supplied all the prisons there.
When the prisons took their business elsewhere, the store had no choice but to close. That was about 15 years ago now. The building is still vacant to this day.
It's such a shame these places have to close down, but it's hard to make enough profit from a small town. I understand upping the price, but with so many people having cars and jobs in the cities with cheaper stores, you just chase away customers.
Yes, sad indeed.
Sad fact of life, the large stores start creeping into the suburbs and bring their lower prices along for awhile, then up the prices once they have caught the market and closed down the smaller establishments.
Stick to local as much as possible and avoid big corporate stores wherever possible.
I'm trying I'm trying! :)