Midget twins laughing all the way to the bank.
We've all done it. Walked into a store, looked at price tag on a t-shirt and thought -- or said out loud: "Are they f-ing kidding?!"
Yet, when we're trying to sell our own products or services or property and someone balks at the price or haggles, we get offended. "Cheapskate," we think.
Well which is it? Is it really only overpriced when we're buying, but fair when we're selling? Of course not.
I've had a couple of friends lately complain about the exorbitant price on some designer fashion or Apple device. "it's not worth it," they've said.
I've had to remind them that, in fact, it is. Anything we choose to buy is worth the price we're willing to pay for it. I'm no Paul Krugman but I think that's basic capitalism, folks. Supply and demand. If there are enough buyers to pay what the seller wants, that's what it's worth. If enough people want to pay $1000 for a DSquared pair of pants because $1000 DSquared pants make them feel fabulous, then the Caten brothers can get away charging that, even if it cost $10 to make it in an Italian sweatshop. If you don't like it, you can go buy the ho-hum $40 Dockers made in an all-American Vietnamese sweatshop, right?
Same goes for me. I have a range for what I charge and I'll adjust according to the project, type of client and budget. But I have a limit. If a potential client thinks I'm overpriced and wants my services for $50 an hour, they won't get it. There are plenty of less experienced writers or ones desperate for work who clients can turn to. Just like a retailer, if my product isn't selling, I may be forced to lower my price. But if I'm flying off the shelves and making a profit, why should I?
We're all worth what someone is willing to pay for us -- until we're not.
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