Once you’ve supplied everyone with it, figure out how to keep a buffer stock and move onto the next product. By the time you’ve sold every viable customer a washing machine, vacuum cleaner, fridge, freezer, mixer, cooker, dryer (whatever) they’d be fine, new stock still needs to be sold eventually so keep a trickle coming. Replacement parts etc.
Biggest issue is it’s going to be expensive - will people pay?
Not true at all. Businesses didn’t move onto the next product, they specialized, making the exact same thing year after year. Because manufacturing tolerances weren’t great, things would need repairs and replacement, so there was repeat business. Nobody kept a buffer stock and moved onto the next product.
They did specialize, yes, but the products did last longer and there was a goal to keep quality high so their reputation would pull customers back later on.
But that socialization wasn’t strict. Companies changed focus all the time.
The people running the business, presumably. Generally people don’t want to go out of business because they can’t find any customers.
Once you’ve supplied everyone with it, figure out how to keep a buffer stock and move onto the next product. By the time you’ve sold every viable customer a washing machine, vacuum cleaner, fridge, freezer, mixer, cooker, dryer (whatever) they’d be fine, new stock still needs to be sold eventually so keep a trickle coming. Replacement parts etc.
Biggest issue is it’s going to be expensive - will people pay?
That sounds like a difficult way to run a business.
It’s how businesses were run for literally hundreds of years.
Not true at all. Businesses didn’t move onto the next product, they specialized, making the exact same thing year after year. Because manufacturing tolerances weren’t great, things would need repairs and replacement, so there was repeat business. Nobody kept a buffer stock and moved onto the next product.
They did specialize, yes, but the products did last longer and there was a goal to keep quality high so their reputation would pull customers back later on.
But that socialization wasn’t strict. Companies changed focus all the time.