My personal opinion is that the cheep knock-off brand multi tools hurt the business more than it helps. I believe people get a cheap piece of crap multi tool and hate them because of the poor quality and sub-par tools and I believe this happens much more than people searching for a higher quality multi-tool. Just my opinion though.
I respectfully disagree with my learned colleagues. Knockoffs, imitations and generally cheap multi's are a sign of an economically successful model. Although it is true that some are permenantly turned off by the cheap stuff, many more start out with the cheap models and move up to the real thing. Many people would never buy a Multi if not for the cheap tools.
I think we need to shift focus from the tool to the user.Some people would never buy a "full price" tool whether they bought a cheapo or not, as they don't see the value of the tool in frequent use. Cheap tools neither encourage nor discourage them from buying one.Some people may be curious and turned off by a cheapo tool, and not see that a more expensive one would be significantly different .... although I think those people would be very slow to climb the multitool ladder anyway. They may decide to spend a little more on a tool a few years down the line after wanting something better and eventually plucking up the courage to take the plunge. I would say I probably started off in this category, and seeing my mate get a Wave 15+ years ago made me think he was bonkers. I was happy with just my cheap pocket knife.Some people see the value of a multitool, but wouldn't/can't jump straight in with the big money, and for them cheapo tools are a gateway and they will upgrade when they feel ready or when funds permit.Some people will spend the equivalent of two or three good tools by buying many cheapo tools hoping to find one that's half decent, but still not be prepared to buy the big money items.Some people just want the best they can have, and will have no problems jumping into the big brands fairly quickly.I would suggest that most cheapo tools are bought as gifts by others, and those buying the gift only do so because of the budget. At a higher price they'll gift something completely differentBottom line for me is there is room for both cheapo and full priced tools at their relevant ends of the spectrum .... if there wasn't, one of them would already have stopped due to market forces. The biggest hinderance that I see is buyers continually expecting to get more for less, and as I've eluded to previously, I think there's more potential harm from social trends of warranty abuse (buy a cheapo beat up tool off the bay, and send it in to effectively get a new one for 1/4 the price) than from cheapo tools
I think that buying a dirt-cheap MT, be it a clone or not, and expect it to work wonders is a sign of bad consumer mentality. Some cheapos are good enough for the money they cost and could eventually lead to buying some higher end stuff. The majority of cheapos are, I suspect, totally not worth it and dangerous too, which can prove off-putting. Still, it is a matter of self-conscience for me. Of course, one does not always get what one paid for. That said, I truly think LMs are ridiculously high priced here. I think those high prices are hurting the industry's big names more than the sea of cheapos, especially when the product one gets isn't nearly flawless in every aspect. Let's face it, manufacturers aren't in this business to give me quality, they're just after my money.In conclusion , I'll agree with 50ft that there's room for both cheap and costlier MTs. Selling good quality stuff in reasonable prices is the best way to keep afloat, I think that goes for most things in commerce. Edit: Just a caveat, this very good topic could easily turn political.
I hate knockoffs wether on tools or in other products, one thing is putting a cheap tool or product on the market but other is stealing an idea based on research and development by copying it 95%.
Do you think you would have shelled out the money for something as expensive as a Wave before first having seen the general usefulness from having owned the cheaper tools?