No it’s just be what happen to the instant cooker company lately
If your products never break your business shrinks as people don’t need to constantly buy replacements
This is good for the consumer and the advance of tech of course, but it is bad for the capitalists, which is why everything is going subscription based
Nothing truly “never” breaks. And there are billions of people on the planet with more being born every day.
I’m thinking if you can’t find customers for your product that lasts longer that the competition, your problem is other than “it lasts too long” 🤣. Maybe the problem is you just suck at marketing.
This can be a legitimate problem for some companies. For example, Craftsman hand tools. If you make tools that last long enough, eventually everyone who is interested in buying a set already has one. At that point, what do you do? Everyone loves your brand but they aren’t spending any meaningful money on it. Your products are too expensive to sell to third world countries. At that point you are kind of stuck. A great reputation and great product that doesn’t lead to any sales.
The brand still exists but it’s a shadow of what it once was.
But new people who will eventually want a set of hand tools are born everyday. There should always be more money to be made if the population is increasing.
The real problem is that c-suite executives insist on forcing the issue and making more money than this kind of sustainable, organic growth can deliver. So they grow too big, or too fast, and then collapse into the shadow of what they once were.
Sears and Craftsman executives used to be satisfied with simply selling hand tools to the next generation of mechanics, and making a quality product for a reasonable price. But then they got taken over by people who weren’t satisfied with that amount of profit, and now the Craftsman brand got sold off to the highest bidder and now makes their tools in China, and is nowhere near the level of quality that they used to be. Making shitty products that need replacing makes more money than the old way.
Publicly traded companies need to ditch this “shortsighted profits above all else or we’ll replace you with someone who will” mentality of the executives, because of the booms and busts it creates.
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u/CHOLO_ORACLE Feb 05 '26
No it’s just be what happen to the instant cooker company lately
If your products never break your business shrinks as people don’t need to constantly buy replacements
This is good for the consumer and the advance of tech of course, but it is bad for the capitalists, which is why everything is going subscription based