Mr. Brooks
MASVC Member
Excuse my brevity...
Business 101. Adapt to the market place or get left behind. What the industry is experiencing is just the beginning. Nothing wrong with competition.
Competition is fine when everyone plays by the same rules. Gcarroll touched on an important point that I was trying to get across but failed. He worded it a bit more eloquently. Innovation is expensive. In the past, as a business owner, there was potential reward at the end of the tunnel for being innovative. Now, there's very little point in innovation when an entire country full of billions of people is copying anything and everything they see. Why invest in the cost of getting a company up and running and bringing a new product to market when the minute someone in China notices what you've done they decide to copy your product and sell it at half the cost? Guess which product everyone's going to buy? The one at half the cost of course. And this is AFTER the original company did all the leg work and spent all the money to create a market for it. From my point of view it's unhealthy for the progression of the hobby. Who knows what we might be missing out on.