Canadian Personal Finance Blog

Personal Finances and Consumer Concerns, essays, stories, examples and how to articles with a distinctly Canadian Point of View
May 5th, 2009

Why? Because Someone Wants to Buy it!

I had a very lively discussion with a friend yesterday who ranted at me about how technology in general and cell phones, Blackberries and iPods in specific are annoying to him.

Now my friend is of the older generation and has no idea why anyone would buy this technology and why anyone would want to be that connected to the outside world. I didn’t want to discuss those reasons, since WHY people buy things is secondary, the fact that they do buy things builds entire businesses, and that is the important reason.

Build it and if they want it, they will buy it, is the bottom line.

How does Apple make a fortune on iPod, when it is not advanced technology, it is in fact old technology, because people want to buy it! Why do cigarette companies even though they are literally killing their customer base? People are addicted and want to buy the cancer sticks.

Business is very simple, if no one buys a product, the product goes away, if anyone wants to buy it, the product continues on (with the exception of communist states). 

Does everyone need to follow me on Twitter (by the way twitter.com/bigcajunman)? No, but for some odd reason every day 2-3 more people are following me, I have no idea why.

If they buy it, they will continue to make it, it is just that simple.

The hard question in business is what are they going to buy next. Deep thoughts for a Tuesday.

Carnivals

I was mentioned in a few more carnivals:

More on this topic (What's this?)
Nice Pop - Confidence Up?
Is Amazon(AMZN) the next Apple(AAPL)?
Apple-AAPL-a stock to buy?
Read more on IPod Effect, Cell Phone Manufacturers at Wikinvest

Related Articles

  1. Learning to Live Without a Cell Phone (sort of)...
  2. Costco Mortgages?...
  3. Is Costco Worth It?...
  4. Price Matching with a Twist...
  5. If GM Goes Down, then What?...

Related posts brought to you by Yet Another Related Posts Plugin.

Leave a Reply

www.financialwebring.com