The BladeForums.com 2024 Traditional Knife is ready to order! See this thread for details:
https://www.bladeforums.com/threads/bladeforums-2024-traditional-knife.2003187/
Price is $300 $250 ea (shipped within CONUS). If you live outside the US, I will contact you after your order for extra shipping charges.
Order here: https://www.bladeforums.com/help/2024-traditional/ - Order as many as you like, we have plenty.
DaveH said:GRMike, I'm a little confused by your 80/20 example. I agree with it, but I think it's clearer to say:
80% of the people who buy knives, buy the standards: Buck, Victronox, etc.
20% of the people that buy knives, buy more niche, Spyderco, Becnhmade, etc.
The Victronox appels to box the 80% and the 20%.
(I have one).
MNBLADE: I'd reckon the Victorinox Classic outsold everything by a wide margin.
GRMike said:DaveH, you're right. The beer example was confusing. 80/20 only talks about volume. In terms of product features, the 80 percent are usually interested in one or both of two things, a low price and a name brand. That would explain the popularity of the standards, as you point out, as well as the presence in the marketplace of the knockoffs that Patryn mentions (Meyerco is one I see around here). I think it also explains the popularity of cross-branded knives like Beretta and Winchester (not the repros but the cheapo wood-handled ones in blister packs). Some of these low-priced items (SAKs, Bucks, Schrades) also appeal to many of us in the 20 percent--low price is not a barrier to a sophisticated consumer when desired features such as materials, design, workmanship, quality control are present. That's the definition of value.
DeadManWalking makes a very good point. If we surveyed a sufficiently large number of people at random--1,000 or so would be fine--and asked them how many knives they bought in the last year, we could plot the number of knives bought by the number who bought that many. That plot would not be a normal curve. It would follow what is known as a power law. It would look like sort of like a hose looks when you stretch it on the lawn and pick up one end. The end you're holding is the left end, representing 0 knives bought. This is the highest point of the curve, meaning of all the numbers of knives reported to us in our survey, this number (0) was reported the most often. The curve would rapidly drop as you increase the number of knives bought from 0 to 1 to 2 to whatever the largest number reported in the survey was (sorry, more confusion here I'm sure). The point being, there are a lot of people who buy very few knives and a few people who buy one hell of a lot of knives. The 80/20 principle captures that crudely. The curve, if we had the data, would capture it precisely.