Have you ever wondered why some designer bags can go for over $10,000? What makes these bags so expensive?
Designer bags are called designer bags for a reason. Most of these bags are associated with multi-billion-dollar brands that have branches all over the world.
The bags are mostly bought by rich people in society. In this article, we will dive deep and uncover the reasons these bags are not affordable to most of the public.
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The Best Known Designer Bag Manufacturers in the World.
Before diving into the reasons the bags are so expensive, we will take you through the best manufacturers that have managed to make their names known worldwide.
They include:
- Louis Vuitton.
- Hermes.
- Chanel.
- Fendi.
- Gucci.
- Dior.
- Prada.
- Valentino.
- Balenciaga.
- Bottega, etc.
The prices of these bags range from $500 to $500,000 for one bag. Some of the reasons that one has to part ways with thousands of dollars to get one include:
Material Composition.
The different designer bags are made from high-quality materials. The materials used to make the different bags are most of the time exotic.
For example, the bags may be made of real crocodile skin or pure leather, others have each piece on them handwoven by hand and others have real gold for buttons. The different materials require extensive search and high legal and ethical standards which are costly.
The materials used to make the bags are expensive in terms of sourcing and processing and this makes the end price high. The high-end brands choose these materials since the materials assure longevity and therefore one gets value for their money.
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Limited Availability.
As with any other luxury goods, they are not always found in the market. During production, the companies may only produce 1,000 bags for the whole season.
The cost of production is high and this has to be covered in the end product when it comes to the pricing of the designer bags. The scarcity they can create increases a lot of demand.
In the next production, the companies drop other bags and this creates exclusivity. Even with the high prices, the bags are still bought by the market since they are seen as investments in the long run.
The different luxury bag owners can resell the bags if they are decluttering and the bags go for high prices too. The price may not match the buying price but compared to other bags in the market they are still very expensive.
Heavy Investments in Marketing.
When designer bags are marketed, they do not follow traditional marketing methods. One would not see the advertisements on a billboard or in a newspaper.
The marketing is done on a high level where the brands advertisers the bags using the most affluent influencers. The companies also have exclusive open shows for the market to view the product.
The campaigns are also expensive as they involve partnering with other luxurious brands.
The cost of marketing may be in thousands of dollars and this will replicate in the final price of the bags.
Investment in the Resources.
If you walked into a shopping mall, you would easily recognize a Prada or a Chanel shop. The reason for this is that there are certain unique features in the shops that outright show that it is a high-end shop.
The different designer bag manufacturers pride themselves on being unique. For most of their shops, they will strategically place them along high-end streets or luxurious malls.
The rent prices do not come cheap and to make rent and monthly maintenance of the shop, the bags have to bring in profit. The shops are mostly spacious, fitted with great lighting and great displays for the different brands.
The companies also train their staff to fit their standards. The retail experience is one of a kind where clients get to enjoy food and drinks as they do their shopping. The packaging of the bags is also given attention and adding all this up leads to bags being pricy.
Brand Legacy.
For most of the companies, they have in operation for years to have achieved the success the enjoy today. The bags are therefore a representation of what the brand believes it.
The brand name for any product carries with it a lot of meaning and that does not come cheap.The designer bags are known to be of high quality and the market is willing to pay more to own one.
Are Designer Bags Worth it?
Depending on the reason you want to have one ,they are worth it. They are a great investment is you want to have one bag for many years.
The bags are so distinctly unique that even those who try to copy them are not able to math their standards .If you want a unique piece that will still give you a sophisticated look over the years, it is worth it.
However, for the price range as a person on a budget, they might not be worth it. They are not worth going bankrupt for.
There are high quality designer bags with some luxurious feel to them in the market that you can easily afford. The bags also require high maintenance and if you are not able to reach those standards then it can be money wasted.
With the exclusivity and rise in demand, there are people who have taken advantage and sold fake bags. The fake bs are expensively priced and since the designer bags are always in demand, there are people who are duped to believe that they are original.
It might be hard to tell the difference if you are not well informed and you end up wasting a lot of money buying the fake ones.
Conclusion.
To summarize, designer bags have prices that most of the public cannot comfortably afford. However due to the different factors such as the quality of materials,high marketing and resources investment, makes the final prices higher compared to other bags.
When it comes to deciding if the bag is worth it, that is a personal decision.If it fits your budget ,it is a great investment.However if you your budget cannot allow for such designer bags,there are millions of other brands you can purchase from.
We hope that we were able to educate you on why these bags cost and arm and a leg.