Opinion/Advice/Lifestyle
In A Capitalist Economy, the Market Decides
Marketers can rarely force products or services down many people’s throats for long. But helpful and good products or services have driven consumers’ demand for decades.
What do you think or how do you feel when you see products such as:
- Jeans.
2. Apple.
Many cheap or tasteless products and fast fashion brands rarely last in the market for long. Many end up in off-season stores or landfills.
Many people detest Twitter or X and its owner; however, people are buying Tesla, and its stock has increased recently. And it’s true in today’s economy; some people can’t survive without Twitter for jobs, businesses, and breaking news.
In a capitalist economy, the market decides. Science and research are amazing; however, many people live in the “here and now” situation.
Let’s see.
If you have a product or service that improves or change people’s life or solve their problem, they become loyal customers and recommend you to their friends and well-wishers.
Your customers or clients may not like you as a person but admire and buy your products and services. A good and helpful product will bring you loyal customers. Loyal clients trump never-ending advertisements or complex meetings.
Tony Robins makes millions coaching people. Have you ever listened to him or bought his course? The last time I checked, he worked with the movers and shakers of industries. Tony helps people one-on-one, in groups, and businesses more than the study he did ten years ago when we did not have the pandemic.
In a capitalist economy, the market decides — consumers make things happen. Science and research are amazing; however, many people live in the “here and now” situation.
The market rewards creators, inventors, and producers if their product helps people be happy or puts money in people’s pockets.
Do everyday people want to take dry personal stories in the head or read a high-level research paper?
Online articles or blogs tend to be for college students, well-educated employees, and working people. Many people enjoy quick reads with laughter, inspiration, or how-to. These people come online to read short, sweet, memorable, or sexy stories that help them do life right now.
I do the same. What about you?
When I have more time, I pick up a professional journal, a book, or the NYT.
Get this.
For a few years in the US, many elections have been won by non-professional politicians with the least experience or establishment support. Bush W., Obama, and Trump shocked political scientists and pollsters.
Why did they win? Many voters understood their plain language even when they didn’t like them as people.
“Every company’s greatest assets are its customers, because without customers there is no company.” — Michael LeBoeuf.
Takeaways
Be wise. Let people be humble, do what works for them, and, more importantly, do what works for their customers, clients, or readers.
“We see our customers as invited guests to a party, and we are the hosts. It’s our job to make the customer experience a little bit better.” — Jeff Bezos.
In a capitalist economy, the market decides. Science and research are amazing; however, many people live in the “here and now” situation.
Help yourself grow.
BY 07/2023.