dpd1 - 10:23 pm on Jan 4, 2013 (gmt 0)
The whole thing taught me a lesson; don't worry about people who are pricing themselves out of business. Make more stuff instead.
True... You can't waste time fretting over stuff that's out of your control. The food chain tends to take care of itself.
I personally believe that the way to go for a smallish biz in the US right now, is the so-called 'Gucci' business model. Shoot for the higher echelon customers, with higher prices, justified with things like... above average quality, excellent service, 'made in the US', organic products, custom products, and an overall lean towards high grade marketing. Lowball pricing in that mindset, I believe can actually be a hinderance. "limited edition' type marketing can also be helpful.