| I disagree. The high end of the market is a proven niche and the target high-end buyer has demonstrated a willingness to spend freely on premium grade products. The is a reason why LVMH (Moët Hennessy Louis Vuitton) is one of the most successful and valuable companies in the world. I'm not saying it's easy. Any business endeavor, regardless of product market fit, still requires execution. Easier said than done, but many an entrepreneur has proven their critics wrong. Americans are known for their willingness to take business risk and fail then pick themselves up and try again. Makes life exciting and worth living. But that said, I'm not going to buy "American Made" just because it is, i'm going to buy "Quality Made" and if it happens to be a domestic manufacturer than all the better! |
Are you saying there is a proven market for luxury toasters?
While in general this is true I think "premium" grade home appliances generally top out around twice the cost of mid-range (I'm thinking vacuums, ovens, refrigerators etc where you compare similar capacity). This probably isn't a sufficient premium to cover the overheads.
Coffee machines are probably an exception here.
I'm not educated about the toaster market - are they more like microwaves or more like coffee machines?