Sealed packages of assorted types of meats and fish lay scattered everywhere. By the morning light, we had the entire fresh meat section of the grocery store reorganized and back in place.
Shortly after opening, our District Manager stopped by to walk the store. He was very interested, of course, in our overnight remodel. He made some suggestions and in doing so, he talked about value.
Specifically, he brought up our fresh packaged tuna and wanted it to have more shelf space. Why? It was one of the more costly items we sold, and tuna doesn't enjoy a long shelf life. We would surely end up throwing out a lot of tuna.
A Value Proposition
Two things happened after we re-reorganized to give the tuna more room. We did throw out more tuna but we also sold much more than we had before.
Now throwing out food isn't good and it wasn't a practice our DM was interested in keeping up for too long. What he wanted to do was showcase the value of our tuna to our customers.
Sure, our tuna might have been expensive. But price is only one aspect of value. Our tuna was rotated for freshness, never frozen, and matched the price per pound of any competitors.
Giving the fresh tuna a larger presentation eliminated the need for our customers to buy it elsewhere. It also piqued customer interest in what other deals might be hiding within the fresh meats.
So What Does Value Mean?
It's obvious that price is going to play a part in any value proposition. Whether we can afford those prices doesn't necessarily devalue a product. Often we can find less expensive products which also still hold value.
Writing extensively on my blog about fishing gear, I talk about value quite a bit. I mention value whether I'm reviewing a super expensive reel or a dirt cheap fishing rod.
If all a person can afford is a low cost item, a low price offers a sort of value in itself. But we ought to be looking for more value than just low cost.
Depending On The Buyer - Almost Anything Can Add Value
It could be a part to an old truck you need for repair. You find it in a junkyard and chances are there's almost no market for it. So the owner charges you near to nothing.
How much value does that part hold? Not much to the owner of the junkyard, but a huge amount to the owner of the old truck.
What about all that fishing gear I write about? Inexpensive gear brings about issues with durability, a factor that devalues the product to someone who can afford better.
To someone who can't, that devaluation makes no difference. The question then becomes, which of the cheaper gear lasts the longest and is most effective.
Those exact same questions may be asked with more expensive gear. It's just a different set of buyers who have interest in the products.
As an angler, the largest California Halibut I've ever caught was on the cheapest gear I could find. That $40 bucks spent has more value to this day than untold pairs of twenty's that have left my wallet.
Just the memory of it holds more value than the $40 I have in my wallet right now. How much would you pay to have an experience like catching a 33", 15 pound halibut?
What's The Value Of HIVE? That's Up To You
Going back in my life to when I was writing on Steem, that pursuit lost value for me. The price had fallen much worse than where HIVE sits today. That certainly had something to do with its loss of value in my eyes.
We all know that Steem had other devaluation factors. I knew about those, but not nearly to the extent that other people did. They weren't a huge factor in the devaluation from my own perspective.
Value can become quite personal in this sense. Steem would have had to hold a price of upwards to $10.00 to make it valuable in my eyes back then. Why? Because I was far from having the number of engaged followers to come close to making what I needed at even 5 dollars per coin.
Prioritizing My Hiveing
Studying that perception of lost value is also valuable. I was spending too much time on Steem at a point my family needed a steady stream of income.
I understand the blessing of even having the option to find work and that stream of income. Many people didn't back then and even more don't with global circumstances today.
HIVE may be the best job some can find, but HIVE doesn't offer a guaranteed contract. We have to work at it and work hard before it gives back. Much of the value of HIVE is the value people bring to it.
It follows that if you want to earn more on HIVE, you should bring more value to the project. And even then, it might not offer enough rewards for you to put food on the table.
You may have to find a job as I did and come back to HIVE when you have the time again. Or spare two hours a day to publishing and get on to other activities. You might have to make a fishing pole and catch your own food.
Price Complaining & I Do It Too
You probably won't find me complaining too often in a public setting like Discord. Still, it's a mental game. All that hard work seems diminished with a gouge in the price of HIVE.
Come back to the question of value. Will you be better off if you take up another pursuit for an income stream? What else could you do to make life easier so you don't lose your personal valuation of HIVE?
These aren't always easy questions to answer, I'm well aware. Just keep in mind that HIVE will have value to some and not as much to others, almost regardless of where the price sits.
Thanks for listening and as always...
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