An oddity of business are the products that have real needs and most agree should be a good business, but nobody in practice wants to pay much for them. I wonder why that happens? Does someone "ruin" the market like google analytics? Or does something cause this?
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Fair point! I've seen there is a subset of businesses where the market gets "ruined" by a cheap competitor so customer expectation is forever set that category is either free or cheap -- no matter how much value it adds. Maybe I'm just complicating a thing where simple works.
Agreed. Google analytics is a good example of that. Supply and demand is an underrated concept in business and economics imho.
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Yeah, I think I'm getting at a more behavioral economics thing. Nobody will pay for something (no matter how valuable) once it's been painted as a low-value good.
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Word, that's also there. There's anchoring and then in stuff like luxury, there's another weird type of psychological anchoring that looks similar but is slightly different from the way google analytics makes everyone else's analytics programs look expensive.
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