With the growing economy of the world, there is an emergence of various businesses, brands which have been competing with each other to grab more consumer attention via huge brand promotions. Not only do the consumers end up spending huge amount of money on these products but also end up regretting buying them as it yields no result. In this essay we will look at how most of the popular brands loot the common man and also do not provide quality products.
Nowadays, Popular brands attract common man by luring them with attractive advertisements by having their brand endorsed by a celebrity, not only do they target the audience via social media but also attract them by publicity stunts. These well known brands sell their products twice the amount of their actual cost which leads to the consumer paying more than they should. For example, The New York Times feature an article where a local brand recently called out on a international brand selling the same product for almost five times the production cost. Another down side of buying products that are hugely popular amongst the people, is that the quality of the products is often overlooked and hence it results in disasterous side effects of some products. For example, a well known cosmetic brand of China recently shut down its factory in India, because the company was sued by a lady who found that her skin had adverse side effects after using the product for a week.
Therefore, awareness about local products having better or the same quality of products as compared to the high end brands would result in people opting for local brands. This can be done by trying and buying method where we can have the local produce given for trials to certain percentage of consumers for free. This can lead for them to experience it and also have a reassurance that we can rely upon domestic products too.
In conclusion, it is preposterous for popular brands to loot the common people by over endorsing their brands and over pricing the products that can also be sourced locally, just to run their business and make money.
With the growing economy of the world, there is an emergence of various businesses,
brands
which have been competing with each other to grab more
consumer
attention via huge
brand
promotions. Not
only
do the
consumers
end
up spending huge amount of money on these
products
but
also
end
up regretting buying them as it yields no result. In this essay we will look at how most of the
popular
brands
loot the common
man
and
also
do not provide quality products.
Nowadays,
Popular
brands
attract common
man
by luring them with attractive advertisements by having their
brand
endorsed by a celebrity, not
only
do they target the audience via social media
but
also
attract them by publicity stunts. These well known
brands
sell their
products
twice the amount of their actual cost which leads to the
consumer
paying more than they should.
For example
, The New York Times feature an article where a
local
brand
recently called out on
a
international
brand
selling the same
product
for almost five times the production cost. Another
down side
of buying
products
that are
hugely
popular
amongst the
people
, is that the quality of the
products
is
often
overlooked and
hence
it results in
disasterous
side effects of
some
products
.
For example
, a well known cosmetic
brand
of China recently shut down its factory in India,
because
the
company
was sued
by a lady who found that her skin had adverse side effects after using the
product
for a week.
Therefore
, awareness about
local
products
having better or the same quality of
products
as compared to the high
end
brands
would result in
people
opting for
local
brands
. This can
be done
by trying and buying method where we can have the
local
produce
given
for trials to certain percentage of
consumers
for free. This can lead for them to experience it and
also
have a reassurance that we can rely upon domestic
products
too.
In conclusion
, it is preposterous for
popular
brands
to loot the common
people
by over endorsing their
brands
and over pricing the
products
that can
also
be sourced
locally
,
just
to run their business and
make
money.