The Shop > CNC
WTF wallet attack !!
John Swift:
I guess its supply and demand
since you had to use the bio bags the will be in high demand so they have you over a barrel
same with the hearing aid I don't think you have many options where to buy them and you need it
John
PK:
This relates back to an earlier post about business fundamentals.
As a consumer you hear terms like, profit margin, and markup. These are all expressed as a percentage of some input cost.
eg, Gary the green groces buys apples at $1/kg. marks them up 30% sells them at $1.30 and makes 15% profit.
This is a myth. Any business that's still operating after 10 years prices their products relative to what everyone else is charging. Input costs don't even come into it unless you are making a loss (which someone is on a $15 grinder).
If frank is selling apples at $2.50 a kg then Gary is an idiot if he charges $1.30 its not ethics, it's survival.
The other aspect is that people underestimate retail margins. A non global, bricks and mortar retailer needs to put on 400-1000% to make a net profit of 10-20%. Like I said though, they don't think that way. McDonalds are awesome at pricing, try tracking the price of one item over a year, it'll go up and down (but mostly up), they'll have specials on other items to distract you from price rises, add new products just to change the anchor point etc. its impressive to watch..
In my industry (electronics) the rule of thumb is that you need to be able to retail at 500% of your manufacturing cost to have a viable product. Its one of the things that drives innovation in consumer electronics. You can only really charge a lot when you have the newest or the best widget,
You can see why the channel model withers in the face of factory drop ship retailers like bangood.
hermetic:
The problem I had with the bed wipers was that although they fit the bolt holes, they do not actually wipe the bed, and did not fit to the V way either. I have a Mk1 roundhead Colchester Student, which had 3 wipers missing anyway. the one that was there had a felt insert inside a folded or pressed steel enclosure. I solved the problem by super gluing some thin felt to the bottom of the plastic wipers, which are now ok, but they could be better. Still have very little faith in 3d printing!
Jasonb:
Now if you had wipers that were printed in something more flexible and actually contacted the bed like a windscreen wiper blade, made to allow for deflection when up against the vee, etc then they would work without felt but you would have to pay for the cost of the extra developement that I mentioned earlier.
Fergus OMore:
--- Quote from: Will_D on August 31, 2016, 06:33:33 PM ---When it comes to the cost of making things:
When I worked in southern Germany there was Lidl and I think a similar chain called Norma.
One week the had 4 1/2" Angle grinders on sale for €9.99
I disn't want an angle grinder that day - what I wanted were some brown paper bio bags for the kitchen waste bin in the apartment. You HAD to to use these or the Bio Police would be onto you.
So questions 1:
If a working, gauranteed grinder costs a tenner then how much for brown paper bags?
WRONG!! Fot 3 packs of bags (3 * 10) it was more than €10 !!
Explanations please!
On a similar (personnal) vein:
Why are hearing aids so effin expensive??
A mobile smart phone is crammed full of silicon and software and costs say €700. A pair of hearing aids are very small and full of silicon and software so why do I pay €2800??
And they are the unbranded ones!! Branded names like Siemens just add another 1k!!
--- End quote ---
I think that you are probably talking up Aldi Sud and Hofer but be that as it may, you were talking about a grinder which cost 10Euros and this has tripped its way from -say- HK docks in a container and has travelled the equivalent of 12 hours in air miles at Mach .85 which is a helluva long way and to get to the till it has attracted a sales tax.-say 20%.
In other words, some Chinese bloke is paying to come to a factory- make it and has to scrat around for a bowl of imported rice.
This, my friend is a or was a loss leader. Herr Grubby Hof sold you below cost so that you would buy your schinken whatsits or then and in the future. Perfectly normal sales tactics but as a single item- a BIG Nein.
What you did - and I have done have advertised Lidl and Aldi Sud and Hofer and Southern Germany- for free.
Danke! you fell for it.
Prosit
Norman
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