Friday, June 28, 2019

Never Buy the First Version

Never buy the first version of anything. Sure, you might be proud to show off that new gadget to your friends but the reality is that the new version of anything is not a good idea for the following reason:
  • Needs Improvement - While companies do their best to test their products; the can't test every single scenarios so there's bound to be the problem. In a way, we, the consumer, are the testers of their first version of the product.
  • Didn't Takeoff - Sometime, new products are trying to launch an entirely new market in the process. There's never a guarantee that the product will resonate with the consumer and may end up being abandoned soon after it's release (Sega Dreamcast anyone?)
  • Overprice - The first version of products sometimes costs more than subsequent version due to amount of work it took to get it out of the gate. The versions that are released afterwards are but improvements of the first which can mean that it will be cheaper to make, and cheaper to buy, than the original.
It can be difficult to resist the temptation of buying the new gadget before everyone else but in the long run it's probably for the best. If you ask me, we should only start looking at a product after it's been on the market for at least 3 years. Take the "wait and see" approach so that all the problems have been ironed out.

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