This article is about the definition of durable goods and how they are differentiated from other products. We also discussed the factors that influence the career of consumer durable.
Overview
You need to consider many elements when choosing a job, and a much bigger thing – a career. In this blog, we discuss whether it is ideal for joining the field of durable goods.
We share the bare essentials that build your foundational knowledge about these products and some prominent industries. So, is consumer durables a good career path?
Please scroll down this blog so that you can define your satisfactory answer to the question above for yourself!
What Have You Known About Durable Goods?
Definition
The name tells you that durability is the crucial point of these products. Technically, durable goods can maintain high quality forever. Nonetheless, we see such an advantage as the opposite of fragility or quickly wearing out in terms of reality.
It still sounds abstract. Instead of walking you around the bush, we would love to simplify definitions by providing tangible examples! Check out the content below for a better understanding of these products.
Salient Examples
People also call durable goods by different names, such as hard goods, consumer durable, etc. And as mentioned above, these products have great endurance throughout the time of usage.
Bricks will be the best representative because they never quickly wear out. However, we should not take the long-lasting power of these goods to extreme levels. In other words, other products which do not have such sustainability as bricks are still called durable goods. You can check out the examples below for a practical understanding of this field!
- Books
- Toys
- Automotives
- Home appliances: faucets, bath, sink, light, etc
- Jewelry
- Sports equipment: elliptical, exercise bike, treadmills, etc
Speaking in the language of investors, buying hard goods is a long-term investment! Therefore, long-lasting usage is the key selling point and the factor that sets it apart from other products.
How To Differentiate It From Nondurable Goods
As the name suggests, nondurable goods have a short lifespan. They are usually suitable for one use or within three years. So, it is the perfect opposite to consumer durable!
If people can call durable goods hard goods, you can use soft goods to indicate nondurable products.
This section also shares some real-world instances to clarify the definition as below!
- Cosmetics
- Food
- Tobacco
- Fuel
- Beer
- Paper
- Clothing
- Footwear
Also, you can either rent or buy durable products while you can barely rent nondurable ones. Thus, this facet is also helpful for distinguishing between these two kinds of goods!
Is It A Promising Career With Jobs In The Market Of Consumer Durable?
Factors For Consideration To Define A Career Path
Our goal is not to direct you towards the jobs in such a market. Yet, are you interested in these products and would like to become a part of the production or selling? If so, the elements that we will cover below will guide you through utter bewilderment!
It is not easy to pick a job and call it a career. Also, such a challenge takes a lot of people to overthink and then become stuck in hesitation.
First and foremost, we work to make a good living. Putting income as the beginning can make things down to earth. You should look up information about how much you can make a year with the jobs that interest you. Moreover, the status of the industry is a crucial factor.
The next thing is to evaluate your capacities. Are you able to handle the required tasks of the job? You should ask a question to identify whether you fit into the job. As a result, you can obtain information about the necessary skills for the job online. You can equip yourself with or during your previous working experience.
Yet, all these elements might lose in the table of arguments with passion! We are fully aware of such an ideal perspective. “Following passion? What nonsense!” some people might say. However, history has witnessed phenomenal careers by pioneers who kept astounding passion and strong belief in what they love!
So, the finishing touch to finding a perfect career for you is the question of “Do I love doing it?”. If the answer is yes, you will find the way regardless of choppy conditions or the lack of skills!
The brief walk-through of the main points addressed in this section can disentangle confusion and anxiety that you might have!
- Is the field potential for growth in the future ?
- Are you skillful enough ?
- Do you have a passion for it ?
These questions that we recommend you ask yourself can ease the decision-making process. And if the answers to these questions are favorable to the job in consumer goods, keep it up cause the bright future is waiting.
Challenges and opportunities will come along with each other in any industry. That is our observation. So, don’t sleep on time for pondering. It is time to take action and get some failures. Success doesn’t come easily, but it will as long as you make the persistent effort and pour your heart into it!
The Noticeable Industries Of Durable Goods
Automobiles and home appliances stand out among the most common and lively industries of consumer goods!
These segments attract a significant amount of demand due to their necessities. For example, vehicles are for transportation, while appliances are for better conditions. Thus, if you become the workforce of these industries, a long-term career path will look promising.
In the automotive industry, there are many brands, not to mention long-standing ones, such as Hyundai, Ford, Honda, Volvo, Mercedes, etc. The dynamic market opens up a lot of drawbacks due to high competitiveness. Yet, it is not a big deal if your skills are excellent enough and your open mind keeps you learning.
Besides, home appliances are another noticeable sector. You can see how expanding IKEA is now representative of the growth of the whole industry. It is the top company globally manufacturing and supplying high-quality home appliances.
The variety of jobs in these fields will also be another plus point. You can join these industries with different positions, such as:
- Salespersons
- Branding and Marketing
- Business strategies
- Technicians
- Engineers
- Manufacturing Management
- Importing and exporting
- Logistics
You can see that these jobs are not only existent in the industries of consumer durable goods. You can still work with such job titles in many other sectors. However, the specific features of the products require you to conduct different approaches based on insights into the target audience and markets .
So, Should You Jump Into The Field Of Consumer Durables ?
We hope the thoughtful writing above can bring more clarity to such necessary but overlooked industries when you look for potential job opportunities. Yet, the answer to the question above might still be ambivalent.
We cannot be sure because picking a career should be a personal decision. As we have mentioned in the previous section, it depends on many factors.
However, we can say that the durable goods field has prospects to grow further in the future. However, the slowdowns will happen even in the most dynamic areas! Reality loves to make things go awry, which is the fact we need to face! So, decisive elements are the evaluation of your skills and your passion!
Conclusion
It is not the ultimate guideline, but this blog aims to share helpful information for your references. The question, Is Consumer Durables A Good Career Path? might be the one you ask others. According to what we have researched and already showed in the blog, we can tell you that it is an up-and-coming choice .
The demands of durable goods, such as vehicles, household appliances, etc., are enormous and keep going, so the needs for a qualified workforce seem never to decrease. Therefore, the liveliness of the market might not be a problem, but your capacities and passion speak significant volumes !
