Wrong Impression, Forever

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Wrong Impression, Forever was Originally Posted on December 18, 2012 by

A long while back I wrote about Walmart. Some people hate them but for the wrong reason. I don’t know what the right reason is, but here are a couple of the reasons people cite.

First, they say that Walmart opens a store, slashes prices, puts the little guys out of business, then raises the prices again.

According to the book “The Walmart Effect”, NEVER HAPPENED. Walmart opens a store with low prices and then keeps them low. The competition goes out of business because they have trouble competing with low prices. Whose fault is that? The shoppers at Walmart are there for a couple of reasons, one being lots of shopping in one place AND low prices. Walmart is popular for prices. To those who price doesn’t matter are shopping at Macy’s and Target. For many of these shoppers, price is more important than quality. Unless the competition can excel at something the customers want, they close.

Walmart lowers prices then tries to lower them further. Suppliers squeeze out a smaller and smaller profit and then, to continue to sell at Walmart, have to start shipping their production offshore.

I have to smile when people rant and rave about how unfair they think Walmart is on competitors. If they only know who they have done business with that is almost 100% ruthless and controlling. They control every faucet of materials, production, pricing and so on.

Imagine you are a competitor who dares to sell a similar product. This company has killed their competitor by flooding the market with a similar product, thus pushing the competition out of business.

Imagine this “organization” controls almost every faucet of the worldwide production of a product that you have in your house. A product you love to give to others and to receive.

Imagine you have been manipulated during the whole purchase process.

Imagine the diamond.

I could write a lot of information about why the diamond business has been a big scam, but let me send you to the wikipedia article, which in just a few paragraphs, will give you a new understanding, and possible disdain for De Beers and perhaps diamonds in general.

http://en.wikipedia.org/wiki/De_Beers