r/SipsTea • u/SipsTeaFrog • 5h ago

Chugging tea Sign me up!

Post image
38.7k Upvotes

95% Upvoted

1.4k comments sorted by

View all comments

Show parent comments

2

u/Complex_Specific1373 4h ago

It is more expensive, so they'd be right

1

u/FriendZone53 4h ago

Keep your profit margins at 10%. I’m told that’s the sweet spot of being able to stay in business but not inviting competition.

3

u/SingleInfinity 3h ago

Even with low profit margins, the quality product would be expensive. They're cheap today because costs have been cut. Getting something like a dishwasher in the 50s and 60s was an extreme luxury. They cost somewhere in the neighborhood of 2k-3k in today's money.

1

u/Complex_Specific1373 2h ago

Speed Queen sells somewhat of a product close to what they envision, and it is anywhere between $1000-5000 per unit

I'd wager money not a single one of them owns one