Mike Macgirvin
Diary and Other Rantings
Beyond Silicon Valley
   
Friday, Aug 22 2008, 12:40 pm
Dec 25, 2005
Vulture economy
Yesterday was the first time I broke a sales record on the upside since about March 2002, when I had been in business three months. The big difference is that I'm now selling stuff way below cost.

Bargain hunters. They're a very rude sort of people. I don't particularly like them as customers because they're the human equivalent of vultures. They go on a feeding frenzy whenever somebody sells at a loss (or finds some other way to offer prices lower than anybody else on the planet for a particular item). They mob in and pick apart any good meat and leave the useless scraps for whatever rodents might follow. I might mention that this is a very predictable form of behaviour and the large chain stores are built around this model of shopping.

We're living in a vulture economy. That's scary.

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