Quote:
Originally Posted by NoBozo
Perhaps I am not getting it. I'm going to guess that people that have island properties are not poor. People that are not poor don't "Quibble" about prices for services. They pay for the service as long as the service they receive is acceptable to them.  NB |
As someone who has owns/owned a number of businesses, I have met many people in all walks of life. Rich to poor. My personal experience tells that that everyone is going to get the best bang for the buck. Wealthy or even upper middle class, are not going to throw money around for services that no one see's. The assumption that wealthy do not care about what they spend their money on is insane. They absolutely do, no different than you and I. Just because they can buy expensive things does not mean they did not shop around for the best deal. On the flip side when they do this they often get called stingy. It can be a no win for them.
Sure, there are those few that like to show off. Expensive boats, cars, etc. But when it comes to island services, no one cares what they spend. The person that wants to show off is going to talk about their car, how much it was, and what they did last night. Not that they drop a ton of cash every week for trash removal. Anyone that does will be a very limited market talking to very limited people that likely wont care.
Offer the right product and service that fill a need for the masses at a fair price.