« Which is better: Use an ad network for your blog or find a potential advertising client personally? | Home | Stock Management »
Greek consumers & bad purchases
By Kostas Panagias | April 9, 2008
The Greek consumer does not make any sophisticated purchases: He/she doesn’t look for prices in many different retail stores, he doesn’t do any research on what he is going to buy, nor does he browse the web / e-shops for special offers and as a result he ends up, many times, with an outdated but overpriced model that a retailer wants to get rid off (bad stock!).
In my job I regularly see stores that sell a product even double the price it should be sold and I am wondering how those businesses can be sustained in a “competitive” economy! However, to my surprise, I realize that those stores can do very well and thrive in their business environment.
Topics: Sales, Consumer Behavor, Business |
April 9th, 2008 at 10:31 pm
Hi Kostas
We link to each other (my blog is spotlightideas). I, also, have another blog www.creativethinkjuice.blogspot.com (about media, culture, creative thinking, and more).
Just written a post which is receiving a lot of attention: ‘the best bookshop in the world.’ - I was wondering if there are any bookshops in your part of the world that might fit that category.
Thanks
Eamon
April 11th, 2008 at 10:50 am
Hi Kostas.
Thanks for your comment. Since the Greeks brought us Plato, Aristotle, Sophocles, Aristophanes and so on, I thought you would have the best bookshops!
I wonder for how long prices in Greece will fluctuate in shops, and so on, as differently as you mention in your post? Will the prices not even out at some point?
April 12th, 2008 at 12:28 pm
Eamon, this is not the case; modern Greece is quite the opposite comparing with ancient Greece (unfortunately); pretty much uncivilized and uncultured.
As regards the prices, I guess that this is still happening because the Greek consumer is lazy enough to look for a product in many stores and he/she purchases with priority given to convenience (stores close to his/her house or with plenty of parking, etc.)
April 21st, 2008 at 8:17 pm
[…] the contrary there are many occasions that I see people making bad purchases (read this post) and spending a lot of money purposeless! It is very strange & contradictory indeed and […]