Remember this sports memorabilia store I mentioned?
Well when I blogged about it last time I figure that it'd go out of business relatively quickly in spite of it being very new. Mainly because premier sports memorabilia is a very very niche market, and my local area isn't exactly one with people looking to dump hundreds upon thousands on old game used Wayne Gretzky jerseys or autographed Joe DiMaggio bats. I'm a sports fan and anything you'd see sold there are VERY low on my priority list.
And I was right. In the five months that had passed since my last visit, the shop closed down and the space became vacant again.
This is pretty much why I'll never consider going into the business of selling sports cards or sports memorabilia. It's really really tough. For one thing the economy still sucks. Also, the average person probably isn't interested in dropping a bunch of money on novelty times. And if you want to appeal specifically to sports fans, you're outta luck there because they're usually frugal. Not all of them, but I'd wager that a good percentage of them are. I'm including myself in that BTW, I'm cheap af.
I mean this is basically why ticket prices for baseball games are getting pricier and pricier. They could lower the tickets to sell more of them, but marketing teams learned a long time ago that inviting the low-budgeted fans (which I'd wager makes up the majority of every fanbase) means just getting more people who don't spend money on stuff like jerseys or food after they enter the stadium. So their solution for a while now has been to slowly raise prices so only people with money (and willing to spend money) attend. Or at least feel compelled to spend since they made the investment to watch a game in the stadium anyway.
Basically, their strategy is trying to get one person who'll spend a million dollars at the stadium as opposed to getting thousands of people who won't even pay $10 for anything. It is what it is.
Anyway, I'm sure the bigger names and brands like Steiner will still be around because they have strong connections to teams and players (especially the Yankees, Knicks, Rangers and Devils). But in our post-2008 economy a lot of the smaller ones should either be dead or on their deathbed at this point. I will not miss them since I have all of the memorabilia I could ever want.
As always thanks for stopping by and take care :).