bwnbwn - 1:57 am on Dec 14, 2011 (gmt 0)
mhasnsen one of the problems I have in the nitch I have been in for 12+ years is it's a luxury item not a necessity. Just this year there have been 3 price increases and more I hear coming. Not pointing the finger at any country here but what is happening to cause the increase. China is now buying up most of the raw material for there growing economy and middle class. This is the ole supply and demand so with higher demand the raw material has gone up. Since the product is a luxury item fewer people can afford the product less customers well you know the rest.
I feel the exact same way you feel about what "cheap widgets" and have never attempted to go after that. Could I have been making a mistake, should I not try and test the waters, what I am doing now is working but sales have been on a stedy decline for several years. I really don't know.
What I do know is I have the traffic, I have the experience, and I have the knowledge. I might as well test the waters and see. Sure can't hurt.