Genesis:
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GDI wrote that quality will outsell quantity.
I suggest he consider the following two quotes:
"How do we make money in America? Volume, volume, volume"
-David Letterman
"No one ever went broke underestimating the intelligence
of the buying public" - P.T. Barnum
Hey Dweeb, nice rant You pretty much hit on everyone. BUT then lets look at it like this. Quality vs Quantity. Volume Volume Volume - David Letterman
What ever happened to good ol' American Quality... Henry Ford's Model T and later high selling model cars like the Mustang were surpassed by the Volkswagen Beetle in less than 20 years of production. Would you suggest that the VW beetle or Toyota Camry for that matter are of lessor quality than a Ford? Consumers suggest they are not. Two of the highest selling cars in world history and many of the originals are still on the road today. And today Lexus, Porche and BMW are selling as much as GM, Ford and Mercedes owned Chyrsler. And they follow the very same production principles of volume manufacturing established by Henry Ford. Yet the quality of a Lexus, BMW or Porche exceed that of a Ford (based on consumer reports)
People want quality but they want to pay less for it, and likewise retail people want profit, so they try to give less for more. The real question is what do you want to pay? What do you want to profit? Or as our European friends have shown us, pride in craftsmanship is worth a little less profit but then profit will be made up none the less.
"Quality with high standards is possible and still affordable when produced in volume" Gottlieb Daimler 1890 One of the two Founders of Mercedes Benz (Karl Benz the other founder)
Now P.T. Barnum's statement: Yes the proof here is all the fast ways to loose weight schemes that are selling on our Japanese made T. V. 's
Or
Maybe we can look at the Harley Davidson's vs the HOG wanna be's. American Quality made in Volume or a overpriced highly sought after toy?
As someone else noted in a thread you can look at two houses for sell. One 3000 sq ft not so good condition, another 2000 sq ft excellent condition. Same Price. People will most likely buy the 3000 sq ft house because it is bigger and they believe they will get more for their money. That is of course until they start paying all the repair bills now they know their purchase was not so good. Now by their word of mouth to their friends thay will suggest to look at the higher quality home.
"We don't need to be the biggest, just the Best" Lee Iacoca CEO Chrysler Corp. ( Sorry for the Spelling of his Name)
I teach diving for a living full time, not retail, just instruction so I rely on quality and word of mouth as my advertisement. Many of my students come to me as referrals from other students and even students who were instructed by other instructors refer their friends to me when they see how much time and effort I put into each student. When they see how much content I give each student and to what extent I work with them. This I would like to think is quality and quality will outsell mere quantity and thus when tempered correctly will produce a higher volume in the end.