I've read numerous times in numerous threads about modders being greedy. I understand that buying and selling here on the forum we are not allowed to set up shop for profit, the idea is to sell what you aren't using for a fair price.
Manufacturing/ modding is not the same. These people/businesses (businesses are nothing more than a group of people with a common goal) are doing what they do in order to make $. Some have other motives such as helping bring innovations to market, saving the environment, etc but the primary goal of a business is to make $ for the owners or shareholders no mater what they say.
There are problems with free enterprise but they pale in comparison to the issues with other market types. There are always going to be individuals or businesses that try to cut corners or put bad or unsafe products on the market to make a quick buck. For this reason I'm not against all regulation but for the most part, capitalism regulates itself. If a product is bad, unsafe or even just unsuitable the company won't sell them at any price for any length of time and will eventually change their strategy or go out of business.
This brings me to value. The value of an item is based on how much someone is willing to pay. How much did the materials cost that went into the Mona Lisa? The cost of the materials is irrelevant. When someone tries to sell a product for more than its value, guess what happens... it doesn't sell. The fact that these modders are selling out run after run of their products says that the value is there. If it wasn't, they would be sitting on a boatload of product.
Anyone who has owned or been involved in a small business knows also that a large portion of the final price of the product is made up of imbedded taxes. The govt always gets it's pound of flesh. This is addition to the escalating cost of liability insurance which has to be worked into the pricing. This is in addition to the cost of tooling, set up fees, labor, shipping, space to work from, raw materials and so on.
On the business/greed note:
Go try to buy an authentic mod somewhere. The exact one you want. Right now. You can't.
Authentic modders are simply taking advantage of a spike in interest to the hobby.
They make a metal tube, etch a design on it, hype something "unique" about it. But lets be honest, no mech mod is 250 dollars unique.
Then they only make a small run to make it seem exclusive.
This way they can make more money doing less. On one hand props to them, they are taking advantage of the hype, and cashing in.
And they are doing it with minimal investment from their end.
Less product, less cost, higher price due to perceived exclusivity/rareness = Most profit for least work/input.
Meanwhile someone in China makes something very similar and sells it for 30 bucks. They too make a profit. Probably a much larger profit. Because they realize that as long as they make them, people are buying them.
You sell 1,000 rare authentics and make 200 bucks a piece, you made 200,000 dollars. Not bad.
You sell 100,000 mods for 30 bucks. Your margin probably 10 bucks. you just made a million bucks.
I guess modders are being more lazy than greedy at the end of the day.
As for Value:
The value is created by the manufactured "exclusivity" of the small production run.
Basically, these guys are getting in, and getting out as quick as they can.
They got the cash. And then they might make another production run 6 months later. "Excusivity" is already manufactured, so they sell out of their 1,000 mod run again. The cycle repeats.
This is present in all industries. Vaping is unique in that this applies to essentially all of the "Authentic" mod makers. Thus the reason for the all the posts about it.