Hello, hello Daly's and welcome into speaking partthree.
Consume mybehavior, buying cheap things and just buying things ingeneral.
Rory here is anexpert, as youknow, on buying things because his mom is a frugal and she smells a deal from a mileoff.
I thought you were going to say something elsethere, something about how my mothersmells.
No,no,no, she is good at finding the best deals and can she lovesbargains.
So now we're going to be talking about buyingthings, sellingthings, consumer behavior ingeneral.
Our moneyissues, the only reason that people like to buy cheapthings.
Imean, that's the common denominator Isuppose.
I can't see any other reason why they might want to unless they could prove the cheaper product was in some way the same or better or something moreexpensive.
Is there any possible negative side or danger linked to always putting low prices first and not considering other things like quality or ethicalaspects?
In terms ofsafety,absolutely.
If you compromise how safe a product is just to make a quickbuck, not only could you wind up hurting your potential repeatcustomers, but also end up with a massive lawsuit on yourhands.
I think that happened to a lot of companies who put lead in theirproducts,actually.
And do you think that cheap products are usually over lower quality than more expensiveproducts?
Well,logically,yes, because if you spend less onthem, then the price should belower.
And the quality islower.
Yes, because you've spent less on thematerial.
Imean, this is the marketlogic, whether that's actually true ornot.
It seemsunlikely, but the opposite might betrue.
I don'tknow. In what ways do people mostly learn about discount sales orbargains?
Probably from the signage around the place with the saleon, unless it's an onlinestore, then the information could be displayed throughout the process of shopping on thewebsite.
Could the cheese for low prices become an obsession or addiction for somepeople?
I'm not sure aboutthat, to behonest.
Most things people are addicted to require some sort of consumption to trigger a release of endorphins and just buying things for the lowest prices unlikely to be enough for that tohappen.
It's like reallyabstract.
Still, you see all kinds of extreme behavior thesedays, so I wouldn't really do it outentirely.
And what about thefuture, do you think that people will buy more cheapthings?
Imean, if there are more people and the population isincreasing, thenyes, in absoluteterms, there will be more people with individualappetites.
Soyes, there people will be buying more cheapthings.
But ofcourse, if there are fewer people in thefuture, then people will buy fewer cheap things because there's less of aneed.
Hey, thankyou,Roy, for youranswers.
So, there is no way by cheapproducts, goods orthings.
You can also say items if youwant.
Some people have money issues so they don't have enoughmoney.
Oh, is that what wemeant?
I just thought you were speaking ingeneral, but things connected tomoney.
And you said that that's thecommon, you didn't say areason, but you say somethingstrange.
Denominator, it's the thing that's thesame.
So, denominator is something frommathematics.
It's anexpression.Yes, it comes frommathematics, but common denominator is the thing that issues or items have in common aswell.
Yeah, there is no so commondenominator,mathematics.
Ooh, and also something that is the same for all the members of a group that might bring themtogether.
So, forexample, the common denominator was that we all worked for the samecompany.
Hey, this was the commondenominator.
Wow,interesting. Here you can say that's the common denominator because usually people buy cheap things because they don't have enoughmoney.
That's the commondenominator.
Then the question is a bit long and alsostrange.
So here we are asked about possibledangers.
So negative sides drawbacks when people put low pricesfirst.
So I don't care about anythingelse.
Only a low pricematters.
So I need the cheapthings.
So this is number onecriterion.
And I don't think aboutquality, about otherthings, durability of aproduct.
And Roy herelike, are ethicalaspects.
What could be ethical aspects when we talk about buying cheapproducts?
I think safety is the only thing that's the like the ethicalpart.
I can't think of anything elsereally.
It could be the safety of your customers or the safety of the people who work foryou.
But ingeneral, we're talking aboutethics.
Then we're compromising the safety of something orsomebody.
So kind of like a company makes a product which isunsafe, but it's cheap and sellsit.
And thenpeople, I don'tknow, damage themselves with thisproduct.
It explodes and also workers who create suchproducts, they are indanger.
So ethical aspects aboutsafety, about how the product was made in whatconditions.
And here we talk aboutcustomers, people who buy such products and also people who create suchproducts,workers.
And often companies make a quickbuck.
A buck is kind of like adollar.
So make a quickbuck, makemoney, make moneyquickly.
And when they want to make a quickbuck, they could wind up her team potentialcustomers.
So the end result could benegative.
Yeah. So they could end up doing something or wind up hurting potential customers like futurecustomers.
And also they could end up with a massive law suit on theirhands.
So if they do something illegal orunsafe, if the product is faulty with defects and then people gethurt.
So there will be a massive lawsuit.
So lots of customers could file a formal complaint and go tocourt.
So unethical companies could end up with a massive law suit on theirhands.
And then a row gives anexample.
An example is aboutlead.
So this kind of metal is calledlead.
And somepeople, where are you going withthis?
Some peoplewhat?No, Isuck.
What does itmean? Like how to understandthis?
Oh, if you put lead inproducts, they could get leadpoisoning.
So regardless of who youare, if you are exposed tolead, you will give yourself brain damage or other organdamage.
It's really bad foryou.
So is it some kind of miniroll?
Yes, it's ametal. I cannot describe it any more thanthat.
All I know is if you are exposed toit, then it can damage your organs if you have too much fit aroundyou.
Indeed, some people think it caused the fall of the Roman Empire because people were drinking out of cups made oflead.
But that's just atheory.
Oh,really?Oh,wow.Interesting.
Imean, there are otheropinions.
Some people think the Roman Empire was destroyed bybarbarians, which is a theory I subscribeto.
Solead, thelistener, ledsubstance, a chemical element that is veryheavy,soft,dark, gray andpoisonous, incase, poisonousmetal.
And it's usually used in pipes for protection and againstradiation, like lead pipes againstradiation.
So really heavystuff. And perhaps some companies to savemoney, they can put this metal in theirproducts.
Maybe we don'tknow. They usedto, I don't think they do itnow.
Imean, if theydid, it's extremely dangerous and they could be sued forthat.
They usedto, we talk aboutdiscounts, sales andbargains.
Okay. So buying things cheaply or buying cheapproducts.
How do people learn aboutthem?
They are signed up to certainwhat?
Well, you could sign up tomarketing, but signage is what you refer to when we talk about the signs distributed around a place that inform people aboutthings.
So usually the store has a saleon.
There will be signs up saying50%off.
I won't get onefree. Otherthings.
The information could be displayed on thewebsite.
So the information isdisplayed, is shown to people on thewebsite.
Also people havesubscriptions.
So they receive newsletters from their favoriteshops.
And also we have a Black Friday around theworld.
So BlackFriday, then new yearsales.
I don'tknow, summersales, wintersales, everydaysales.
Some people choose for lowprices.
And if we usecheese, this means that they are on thelookout.
Okay. They search for lowprices.
They're looking for low priceseverywhere.
And for somepeople, it could become an obsession so they could get obsessed with lowprices, lowprices.
They search for low priceseverywhere, non-stopeveryday.
So they could get addicted toshopping.
And especially to shopping at lowprices.
But Rory here thinks it's allnonsense.
So most people are addicted to otherthings.
Notshopping, not lowprices.
Yeah, I don't think I think they could be addicted to the experience ofshopping,maybe.
But shopping for low prices specifically is likereally, reallyabstract.
I don't think that's how the mechanisms for addictionwork.
I'm not a psychologyexpert.
But I'm pretty sure that that wouldn't do anything for mostpeople.
There might be some really sensitive people who arelike,woo, I'll get a thrill out ofthis.
But I think in mostcases, the mechanism for addiction is muchsimpler.
Otherwise, it wouldn'texist.
Yeah,Dylisna, so you can feel free todisagree.
You can say that the experience of getting something at a low price does release lots ofendorphins, so happy hormones into ourbodies.
And like people could getaddicted.
But usually people are addicted to shopping ingeneral.
Yeah,shopaholics. Are you a shopaholicDylisna?
Do you enjoy lowprices?
I think like everybody enjoys like bargains andsales.
Like whodoesn't? Youknow?
People who don't worry aboutmoney, they probably don'tcare.
They have like so muchmoney.
They have that money toburn.
Yeah, have you ever met a person who goeslike,no,no,no, I don't want thisdiscount.
Remove thediscount. I'm going to pay the fullprice.
To comeon.Well, they might not care if you're a millionaire and you needto, you've got a choice between paying $20 or something and10.
Is it going to make that make up a difference toyou?
I thinkespecially,millionaires, they do care aboutlike, they do bargain and they do care about likediscounts.
That's why they're millionaires because theyare, they take care of themoney.
Maria, standing up for all the millionaires who listen to ourpodcast.
Yes,millionaires. If youknow, if you want to chipin, if youknow, toinvest,okay, justlike, let usknow.
Allright. So we'll think somethingup.
Okay.Yes. We'd be very happy to hear from you if you're outthere.
Yeah, likedonations. We acceptdonations.
Right. On such a lovelynote.
Thank you very much for listening and we'll get back to you in our next superepisode.
Okay.Bye.Bye. Our moneyissues, the only reason that people like to buy cheapthings.
Imean, that's the common denominator Isuppose.
I can't see any other reason why they might want to unless they could prove the cheaper product was in some way the same or better or something moreexpensive.
Is there any possible negative side or danger linked to always putting low prices first and not considering other things like quality or ethicalaspects?
In terms ofsafety,absolutely.
If you compromise how safe a product is just to make a quickbuck, not only could you wind up hurting your potential repeatcustomers, but also end up with a massive lawsuit on yourhands.
I think that happened to a lot of companies who put lead in their productsactually.
And do you think that cheap products are usually over lower quality than more expensiveproducts?
Well, I meanlogically,yes, because if you spend less on them then the price should belower.
And the quality islower.
Yes, because you've spent less on thematerial.
Imean, this is the marketlogic.
Whether that's actually true ornot, it seemsunlikely, but the opposite might betrue.
I don'tknow. In what ways do people mostly learn about discount sales orbargains?
Probably from the signage around the place with the saleon, unless it's an onlinestore, then the information could be displayed throughout the process of shopping on thewebsite.
Could the cheese for low prices become an obsession or addiction for somepeople?
I'm not sure about that to behonest.
Most things people are addicted to require some sort of consumption to trigger a release of endorphins and just buying things with the lowest prices unlikely to be enough for that tohappen.
It's like reallyabstract.
Still, you see all kinds of extreme behavior thesedays, so I wouldn't really do itentirely.
And what about thefuture, do you think that people will buy more cheapthings?
Imean, if there are more people and the population isincreasing, thenyes, in absoluteterms, there will be more people with individualappetites.
Soyes, there will be people buying more cheapthings.
