Certain goods have high status and markup but aren't high quality.
Can you think of a strategy of finding great quality items that don't have a luxury "tax" bumping up margins far than a typical good, due to the status they communicate to others.
In other words, how does one find high quality items without status included in price?
Let's say I'm buying a wallet and I would like to find a very high quality wallet (workmanship, materials, design). Let's also say I'm willing to spend a limitless amount for the wallet.
How would I find the sweetspot of a top quality wallet, but with the least amount of markup due to perceived luxury/social status?
Certain goods have high status and markup but aren't high quality.
Can you think of a strategy of finding great quality items that don't have a luxury "tax" bumping up margins far than a typical good, due to the status they communicate to others.
In other words, how does one find high quality items without status included in price?
Let's say I'm buying a wallet and I would like to find a very high quality wallet (workmanship, materials, design). Let's also say I'm willing to spend a limitless amount for the wallet.
How would I find the sweetspot of a top quality wallet, but with the least amount of markup due to perceived luxury/social status?