This article will tear down the inner workings of the Beanie hobby and address issues that normally would be difficult, if not impossible to discuss.
The article will be published in two parts. The first part will feature comments from myself as well as from prominent web master's. The second part will include comments from collectors.
Beanies have
come full circle and the history has been exciting, frustrating,
difficult and even nerve racking.
In order to totally understand what has happened to this hobby,
we need to face a few hard truths.
1998
was a banner year for Beanies.
Ty successfully continued to capture the kid in all of us.
Retailers were excited about being able to move product as fast
as it hit the shelves and collectors enjoyed the hunt!
Ty had us wowed by the likes of the BBOC and Clubby and kept those
announcements, retirements and new releases coming faster than
we could keep up with.
Ty giveaways were used at many sporting events, which brought
a new meaning to the word collectible.
Ty continued to vigorously protect their copyrights and trademarks,
which at times confused many.
Ty offered (footprints in the sand) silly diary messages, which
would keep us on our toes, and announcements that would flabbergast
us!
Teenie Beanies were not only sought after but were considered
to be highly collectible.
At times, one would think that Ty was in competition with Mark
McGwire and Sammy Sosa. He kept hitting home runs that would leave
us breathless.
1999
- What a difference a year makes!
Although Ty Beanies are still considered collectible, the market
has experienced a turnaround.
Many would lead you to believe that all fingers point to Ty.
Although Ty should be responsible for some of the blame, they
are not alone!
In order to write this article fairly, both sides must be addressed. Hopefully, I will be able to address the necessary issues without offending anyone.
Ty's unwillingness
to communicate has frustrated many!
Collectors blame Ty for not keeping them abreast of their future
plans. News reports have hampered this situation by reporting
that the end is near!
Collectors who do not have Internet access can only believe what
they hear! Sadly, they are not hearing the truth. Instead, they
are being confused by what some may refer to as a mistake that
can backfire.
Collectors who have been involved with this hobby have a sense
of knowledge that this is not the end, but instead a New Beginning!
Unfortunately, new collectors are confused by false rumors and
Ty's warning not to listen to rumors.
They are totally consumed by reports that indicate Beanies are
over!
Secondary markets are scrambling to unload product, old collectors
are taking a wait and see approach and new collectors are dumfounded.
Has
Ty's latest announcement started to backfire or is it another
ingenious marketing ploy?
This can be debated for days.
Many feel the announcement has already had an enormous affect
on the market.
Realistically, I believe the timing was wrong!
The market had been experiencing difficulties and this announcement
only added fuel to the fire.
Now, before you jump to conclusions, let me explain!
Fuel to the fire can be interpreted in several ways.
Ty's announcement
convinced collectors to complete their collections before the
December 31st retirement.
Many would thank Ty for giving them notice of this retirement
and for shipping on a timely basis for them to complete their
task.
Others feel that it has only cast doubt upon the future of Beanies.
It would be safe to say that Ty's last announcement could easily
be the most misunderstood words ever issued from
Ty.
My concerns are as follows:
I am concerned
about the amount of e-mail I receive from collectors of other
countries. These collectors are not as fickle as we are. (I mean
that in a good way!)
Here in the US, we can be swept off our feet and show loyalty
towards a product we believe in, while other cultures will not
tolerate game-playing and what some would refer to as manipulation.
These countries have watched Americans enjoy their Beanies. They now have access too more information which shows a slowdown or possibly the end. It does not take a rocket scientist to figure out what may happen next! They are already starting to rethink their position as collectors.
Ty's competition
has hampered their ability to focus on their product.
Many blame Ty for their repeated lawsuits, but truly do not understand
the law.
In order for a company to protect their copyrights and trademarks,
the law clearly states they must be proactive in protecting their
rights.
I truly believe that Ty has the right to question any design that
resembles their own. The object is to focus on their protection
rights without airing their dirty laundry to collectors.
Unfortunately, bad press and unprofessional comments have forced
them to address these situations openly.
I personally feel that this Company needs to start using their
own words and stop others from putting words into their mouths.
Many Companies experience lawsuits on a regularly basis, the difference
being that they are (internal) Company matters and not public
matters.
Ty's collectors have become so consumed by their products that
they thrive on any news regarding Ty.
In some cases, collectors have more say so over Ty than Ty itself!
Many, wonder
why Ty would not just sell their product to any store that desires
to be a Ty account holder.
As collectors, this would be the ultimate in being able to obtain
what we wish for. As a business this could be the kiss of death.
Please allow me to elaborate.
In order to make a product more desirable, one must not make it
too obtainable.
Example - My husband and I own a small business. We inquired about
carrying a particular line of product in our store. We were told
the following.
Sorry Charlie! There is a store less than 5 miles away that carries
our product line. If we sell our line to you, we would not only
be jeopardizing our relationship with our retailers we would also
have an abundance of our product too close in range. We reserve
the right to pick and choose where our products are sold and therefore
can not service your needs at this time.
My first reaction
was disbelief. I could not imagine a Company turning down any
business.
After giving the matter some more thought, I finally came to the
following conclusion.
Not only did this company have the right to do what they did,
they were smart in doing so. They had already established a long-term
relationship with another business, which just so happened to
be my competition. Why would they want to destroy that relationship
by just allowing me to carry their products? I also viewed it
as them doing me a favor. Now, I am forced to seek a different
manufacturer, which hopefully, in turn will allow my customers
more choices.
My
point is this.
Ty has limited his accounts. This proves to me that they are secure
knowing that they have the ability to continue to be the # 1 bean
bag manufacturer in the world. It also proves that he wants his
products to remain collectible and obtainable at the same time.
How can you fault him for this?
The
secondary market has always been a tough issue.
Many believe that Ty supports this market by some of the things
they do. Ty's release of the Ty Employee bear and the Billion
Dollar bear convince many that Ty is in favor of this market.
Others believe Ty is desperately trying to close down the secondary
market.
Regardless of what you think, the bottom line is this.
The secondary market gets blamed for everything!
Let's face it, if it weren't for Ty retailers Backdooring to these
markets, they would not exist.
Secondary market deals are business people seeking an opportunity
to enrich their lives.
The choice is yours, you either buy from this market or walk away.
It's that simply.
Collectors seem to overlook the obvious.
The Ty Company
has not been recognized for their accomplishments.
While the media continually focuses on Ty's negative side, they
appear to have a problem addressing Ty's admirable qualities.
Ty has contributed to many worthwhile charities and has sponsored
many events, which included children.
Ty has always manufactured their product to be collected by children.
Adults who have taken this toy away from the kids should not ridicule
Ty.
Ty does not openly seek adults to purchase their toys. They simply
manufacture the items and market them to be sold.
Maybe collectors should consider the manufacturers side before
posting negative comments?
I'm not saying Ty is invincible, or indestructible, but should
they be blamed for all that goes wrong in our Collectible World?
Ty has vigorously
tried to deal with backdooring of their products. They have tried
to address the concerns of their collectors. Although many of
us feel they need to do a better job of it, who's to say that
they won't?
The bottom line is, they still maintain a quality product that
is reasonably priced.
Ty has tried to remain fair by offering priority accounts status
to all account holders. It is the decision of the retailer to
choose their standing with Ty.
Although Ty still manages to receive an abundance of FREE publicity,
sometimes it can be very damaging.
Rumors can be viewed as fun and give all of us something to speculate
about, but they also can damage a company's reputation and product.
Ty needs to work with people who support them. Loyalty works both
ways. Ty has many web sites that support them and collectors that
are waiting for their word that this hobby will continue. Loyalty
in this case, may be a treasure in disguise.
Seize the opportunity and silence your critics.
Ms. Janie
