It’s well known that you pay more for branded products than their generic or knock-off equivalents. You get what you pay for, as the saying goes, but also you’re investing in the brand’s equity and goodwill, which comes at a price.

I was in a homeware specialist the other day, looking for an ‘Egg Perfect’, one of those clever things – or clever yolks as the Irish would say, and I like the pun in this context – that you pop into the water with your eggs and it tells you when they’re done to your preference by changing colour.

The price was €9, which I thought was a bit steep, but i’m familiar with the brand and they last ages, so I bought it. On the way home I dropped into a local store that sells almost literally everything. I’ve blogged about it before, in fact. They too had immersive egg timers, the generic versions. The price? €2.

So the branded version was 4-and-a-half times the cost of its imitator, a 350% difference. Which, I suppose, is not as bad as the difference between a Gucci handbag or a Rolex watch and their me too counterparts.

The proof’s in the pudding, so we’ll see how the two of them perform over time. Still, I did feel pained when I saw the €2 version. That’s a difference of about a pint and a half between the two of them.

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