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A brand that sells only products designed to last a lifetime

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Mikhail Korsanov
Mikhail Korsanov Jan 02, 2023
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A brand that sells only items with a lifetime guarantee.
Why?
  • cost-effectiveness
  • eco-friendliness
  • expert selection of the best characteristics
How it works
The brand offers guarantees such as "If it breaks/tears - we'll simply replace it, for free" and employs slogans such as "We sell final solutions".
This applies to technology, clothing, household items, services, education, etc.
The company also takes on the task of eliminating moral wear. Updates and replacements with new versions, with the utilization of old ones - all included. A one-time payment of an sufficient amount is made, so that the person's need is closed for life. The money received is invested, interest to which makes a sufficient amount for updates, repairs, replacements and the elimination of moral wear. This may be a part of the International Life Quality Federation, which is a one window organization for satisfaction of all human's needs.
servicesdurableeco-friendlybusiness ideas
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General comments

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Marco Agudelo
Marco Agudelo2 years ago
Although it may sound desirable it would require transforming multiple approaches of society and its conception of money time value. To name the first of the possible arguments derived from this idea, it would be the present value of a very long future value at a reasonable rate, which tends to zero.
[equation PV(rate of interest , payment period, regular payments, future value) ]
What is your opinion in this sense?
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Marco Agudelo
Marco Agudelo2 years ago
Mikhail Korsanov I appreciate your comment about my intelligence, but I must decline it being grateful to you. Instead, what could happen was an error on my part of lacking information in the last comment.
I will try to aboard the scope of the idea:
  • It would be desirable not to spend money recurrently for having the same thing just because of the problems of economic depreciation and so, the demanding need of earning more money every time just to cover obligations. Like, why can't the supplier maintain free of charge this one thing I already bought? Isn’t the manufacturing company making enough money to build those buildings and factories, spending desirable salaries in CEO and manager staff, and all the other possible ideas derived from this point. All this money or part of this could be reinvested on maintaining my purchase, right?
  • I like this article very much on the philosophy of money I recommend the lecture, please review it.
  • The nature of money as an exchange system has earned its place in society due to the influencers and powers raised through history, and so, the needs of how it circulates on a given group of citizens; which definitely is extremely different from population to population, not yet considering their political and government system.
  • I must stand up to this point that my arguments could be no necessary right, that I’m not an expert on finances and that I acknowledge the complexity of it; since if comprehending money would be a simpler task it is highly possible that there will be less poverty in the world. So in general terms money is hard to deeply understand but extremely simple to think you know it right.
  • So in the context of possible arguments derived from the idea of having just a one-time-payment-for-all solution, I select the one that includes uncertainty of the future. Which is the concept of the variation of value due to time consumed.
  • This last comment sums up the financial equations you may find on every spreadsheet software. In which there are two introductory functions which are Present value and Future Value. For the present value the equation stands for PV(rate of interest , payment period, regular payments, future value). And through the analysis of this formula it can be suggested that a present value of a very long future investment value, which would be required to cover expenses of the future that you correctly brought to light in your idea, would tend to zero, or would tend to a very little amount in the present.
So at this point I could continue commenting on the idea, but here it is where I stop and ask you about your opinion on this.

[1]Economic Depreciation: Definition, Vs. Accounting Depreciation, DANIEL LIBERTO, 2020, https://www.investopedia.com/terms/e/economicdepreciation.asp

[2]Philosophy of Money and Finance, de Bruin, Boudewijn, Lisa Herzog, Martin O’Neill, and Joakim Sandberg, 2018, https://plato.stanford.edu/entries/money-finance/

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Mikhail Korsanov
Mikhail Korsanov2 years ago
Marco Agudelo Sorry, but your thought is too intelligent for me. Can you please explain your thesis in a simple manner?
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Mikhail Korsanov
Mikhail Korsanov2 years ago
Marco Agudelo The company can invest money it receives from the customer to generate interest that will cover all the future expenses. The amount of money they sell the thing for, must be sufficient for that. Will not this work?
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Marco Agudelo
Marco Agudelo2 years ago
Mikhail Korsanov I’m aware of your suggestion about investing the customers' earnings so that future expenses could be covered. You suggest this in your idea description. I think that the following exercise could be good to do it:
Please develop two examples of a company selling a product and further they invest to sustain the business. Two examples free of methodology, just write them down as you consider they could be viable. I will try to elaborate a mathematical approach to the described situation.
This could bring a reflection on the opportunity of improving life quality. Which to me is a good goal to achieve too.
✍️
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