Quote:
Originally Posted by Lemurion
It all comes back to perceived value: If you charge more than people think your product's worth they stop buying.
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I think it's not quite as simple as that. Often people overpay because they have little choice.
I remember when I had to pay $15 for a whole CD just to get a couple if songs I really wanted. The business model was great for the industry until mp3 and the Internet came along to disrupt it.
Now I'm paying too much for cable TV. Cable TV is like the weather -- everybody complains about it, but nobody does anything about it. I'd love to cut the cord, but dang it, I need to watch the Lakers so Netflix and google TV and what-not ain't gonna cut it. There's a business just begging for something to disrupt it.
By comparison, I have no great beef against the publishing industry. Yes many (e)books are priced too high, but I have alternatives. There are plenty of free books, and then there's the library (hello, Amazon? Get with it). I just need to exercise a bit of self control. Gotta remember the hot books I really want to read now will still be just as good a couple years from now.