We all have a wallet. What makes us different is what kind of wallet it is and how much money we have in it. When you go looking for a new wallet there are a few considerations you will have to make. First of all you need to look at how much money you are willing to spend. They can cost anywhere from $5 and all the way up to thousands. I guess the question is, should you spend let us say $500 on a wallet, are you really getting a high quality product or are you just forking out money for a brand logo?
Nearly any designer wallet on the planet can found as a replica. A replica is what most people call a fake, or a product that has been made as a near exact copy, usually in third world countries and sold for a fraction of the price of the real product. What commonly happens is that a factory in Asia notices that a new designer wallet has been released. They then go ahead and buy one of them to take a closer look. They then try and replicate the product as much as they possible can, using their skills and available materials. More often then not, the end product ends up being so close to the original that only the original designer him or herself is able to tell the difference.
As a consumer it may be east to think, why would I spend $500 on a wallet from Prada, when I can get a pretty much exact copy for $40? And the consumer has a point. You can buy 13 of these wallets and still have money left over compared to buying on of the originals.
I guess this is a consideration that has to be done on an individual basis. If you are comfortable buying a “fake” product and can live with the fact that it was probably made somewhere in China, by people who are very poor, the that is your choice. If you do not think this is the right thing to do, you always have the option of buying the real deal. Keep in mind though that a $500 wallet is unlikely of lasting you any more than 3-4 years, which means if you live to you are 80, you would be spending at least $10000 on wallets in your lifetime. Maybe a better idea would be to buy the fake and donate the rest of the money to charity? Just a thought…
Useful links: Women’s Louis Vuitton Wallets