Noone got rich making real estate signs for brokers either.
You're hitting on a major problem and general laziness in people across many industries. Some guy bought a machine to do what screen printing would do. This was his opportunity to knock it out of the park. He could have stayed the same or undercut 10%, did half the work and made the same money. You don't buy a machine to lower your prices, you buy a machine to up your margins. People were getting the rate, why on earth would you go drop your pants?
Agreed! Its affected his work quality also .We outsource some things to him... And let's say the quality is less than great. We had tons of bubbles in the print, crooked panels... Etc.
When you only make 10-15% proffit on a job... If you mess one job up and have to reprint, that kills any proffit on the next 10 jobs. So if he messes up.. he just sends it out and hope no one complains.
Where as me... If I accidently smudge or crinkle a print in a spot no one will ever notice... I just chuck it and reprint. Or if it's an expensive sign... We take a pic, offer the customer a discount.. if they don't like it, full reprint at our cost. You lose some proffit... But one reason customers are coming back despite our prices being 50-75% higher is that they know they'll get quality work each and every time.
Usually all the low ballers are gone in a couple years anyways.which means less competition... So the people who pack business sense end up helping us out anyways!