Originally Posted by
Simon MacGowen
The loyal followers feel being part of the family and feel the obligations to render their support. Social media have totally changed a lot of things including businesses.
Simon
Maybe. I really doubt if the principles of economics have been suspended because of social media. In fashion, we see people buy a "name" in order to show that they are hip or rich enough to buy it, but I kind of doubt if that strategy applies to tools.
And even if it did, we see the results when the hip people move to a new "name" fashion.
Overall, the marketplace is based on the idea that the buyer feels s/he is getting the best value for their money. For fashion items, that feeling is very transient.
Mike
Go into the world and do well. But more importantly, go into the world and do good.