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Re:Have You Ever Tried to Sell a Diamond? (1982) by merpnderp on Wednesday August 28, 2019 @06:29PM (#20824719)
Toilet paper. Buy the cheap stuff and compare to the high end brands. Worlds of difference.
Re:Have You Ever Tried to Sell a Diamond? (1982) by coldtea on Thursday August 29, 2019 @11:43AM (#20830497)
Less than the "price differential" difference. And artificially created - not because of real extra cost needed to make it better, but for market differentiation. So that the same manufacturer, under two brand names, can sell to the poor and the middle/upper class at different prices.
Re:Have You Ever Tried to Sell a Diamond? (1982) by lotyrin on Wednesday August 28, 2019 @07:29PM (#20825133)
What point does this make that addresses mine?

Of course there are different qualities of toilet paper. In a commodity-style market for toilet paper there would be competition on both price and on quality axes and there would likely be multiple points of equilibrium between quality and price.

Re:Have You Ever Tried to Sell a Diamond? (1982) by mlthoughts2018 on Wednesday August 28, 2019 @08:06PM (#20825388)
I think the point is that, in the opinion of many people, the basic, stupid strategy of walking to the toilet paper aisle and buying the first thing that matches something you saw on TV actually works in terms of getting a pretty OK objective quality instance of the product pretty much all the time pretty much anywhere you go, for a ton of different household products and commodities.

People choose to differentiate by superficial brand identity specifically because it creates the experience they want: reproducible access to consistently acceptable quality.

Re:Have You Ever Tried to Sell a Diamond? (1982) by TheOtherHobbes on Thursday August 29, 2019 @03:59AM (#20827629)
Which actually doesn't work when buying a car, because some premium car brands are notoriously unreliable, prone to basic manufacturing defects, expensive to run, and inefficient.

Their only selling point is a certain mid-market bling. No one making a rational decision would ever buy one.

But this is basic US MBA strategy. Cut corners on tangibles, replace them with hype and marketing bullshit targeted at a specific demographic, then leverage The Brand™ to charge the highest possible prices.

Use both formal traditional advertising and informal online astroturfing to maintain the illusion of value.

It's called marketing, but in reality it's industrial-scale behaviour modification.

Re:Have You Ever Tried to Sell a Diamond? (1982) by DonHopkins on Thursday August 29, 2019 @05:56AM (#20828127)
One of the great selling points of the low-end Yugo was that it had a defroster on the back windshield, to warm your hands while you pushed it.
Re:Have You Ever Tried to Sell a Diamond? (1982) by stef25 on Thursday August 29, 2019 @08:06AM (#20828728)
First heard that joke in the 80s, only it was for Lada