Across North America everybody wants everything faster, cheaper, free shipping, a lifetime guarantee and free returns.
To satisfy this unreasonable, insane, and insatiable desire for more cheap food, goods and services, we’ve gutted small manufacturers in small towns across N. America and sent millions of jobs and billions of dollars, per year, to Asia and India so we can brag about how cheap 'it' is. NOT HOW GOOD IT IS. NOT HOW DURABLE IT IS. OR HOW THIS PURCHASE SUPPORTS OUR LOCAL, PROVINCIAL OR NATIONAL COMMUNITY.
In the process of ignorantly discounting the price of everything from peanuts to military pensions, we’ve also taught our kids that many jobs are not worth doing or having. Notably anything related to one-on-one customer service.
This self-serving, short-sighted and narrow-minded economic mentality continues to shut down local businesses and lays waste to cities, towns and individual aspirations all across North America.
Where will this end?
When companies do not earn a decent profit margin their foundations crumble.
One of my x-clients had his website designed and built in the Philippines to save money; they charge 75% LESS than I do. He thought that was very good deal - far too good to pass up. Sadly, while the site was cheap, but it wasn't any good because it didn't driving business to his store.
No research.
No analytics.
No strategy.
No tactics.
He's no longer in business because he couldn't make up in volume what he lost on margin.
When we charge a fair price and invest the profits in our people, our communities, and our industries, we all grow stonger, better and smarter.