The Power of luxury goods

Luxury goods have international trade power and can be turned into real cash. This is a true thing that luxury goods can turn into real cash right away even if it doesn't fluidly as cash but it does.

If I want to get a luxury bag because I just have money but unfortunately I don't very know how it goes went I get to the branded store I might not get one, even though, my pocket is full of cash. Regarding the branded market strategy which plays complicatedly with clients then the resell market might supply my demand faster and easier but I might get shocked by the resell price. Why is it so expensive, more expensive than in the shop? For example Some Chanel bags A few years ago, the price was around €1,800, but now the same bag goes up to €4,100 in the shop or the Hermes, the price is €6,000 in the shop, but in the resell market, it goes up to €18,000, not double but triple.

To find out WHY? here it is

The reason that the Luxury goods in resell market has more expensive than the original shop prices

1. Inflation in the wake of the coronavirus outbreak Governments of different countries bring out money to help such as the United States where the government distributes checks to help people. Some of them are really helpful but some are not, so they have enough money left over to buy luxury goods and our clients who are bag resellers have been selling unbelievably better during the epidemic.

2. The group's spiritual healing is financially stable. Usually, it can be seen that before the epidemic, the tourism business was very booming, but after the coronavirus, people are stressed out. Think about where the money spent on tourism will go instead. Financially stable people buy luxury goods to fulfill their satisfaction, heal the mind to release the stress of home incarceration.

3. In this digital world, there are many new scraps emerging. The new digital world created the new millionaire. This is very basic. When you have money, it's natural to want to buy luxury items.

4. Financially stable people in politically unstable countries where governments can intervene in people's financial privacy at any time, making them feel insecure about collecting cash. Cash must be turned into a valuable asset that can be quickly converted to cash, which is luxury goods.

5. Influencers, this reason is not for this year but it often occurs, for example, a Thai actress plays the sketch board or uses handbags in public then overnight the price of the branded sketch board or the handbag model price temporarily rises up in reselling market because everyone would like to get the same product at the same time and the product is limited. The resell market is marked up followed by the demand.

Many conservative people who don't know the truth might anti branded handbag because there doesn't know that the value can be turned into cash. Let's think, why do the people in the gray business own luxury goods a lot? Some conservative people keep buying cheap handbags that become garbage, over the year because the quality doesn't allow them to keep last long. However, each people has a way to use their money following their attitude then someone is different it doesn't have to be judged.

However, investing in luxury goods has come with risks but, of course, every business has risks. If you would like to invest in luxury handbags then you need to know how to maintain them well because their condition means their value when turned to cash.