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Have I missed the Midlands Show?

What an odd reply. Was it intended to support or refute an assertion about maturity?

However, since you chose to prolong the thread, let's recap....

Mr.Jeffrey chose a public forum to initiate a discussion about his prices and profits. The conclusion so far is, that taken with his ability to reduce the price by £30 EVEN THOUGH HE HAS THE EXTRA £800, OR SO, COST OF ATTENDING AN EXHIBITION, that normally his prices are too high and could therefore be reduced by £50 or more.

Mr.Jeffrey, in a frank and ingenuous exposition, contributed to the discussion that his mark-up is 150% which is gross under any circumstances. Profit margins on goods are usually less than 100%, and so there would seem to be scope for a reduction of £80 or thereabouts on normal, non-exhibition days.

Perhaps there is a moral here, and that is not to use a hobby NG for commercial advertising?

Reply to
Airy R. Bean
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Forbes, you mean?

Reply to
Airy R. Bean

Do I detect an echo here? It seems that some of Mr Bean's (is there something significant in this name?) postings are repeating themselves. Does he have a problem in his posting system?

150% markup extraordinary? Hardly! The market price of anything is the price the market will bear - witness BA, after its initial Concorde losses, put the price of seats up to what the business customers "thought" the actual charges were, many of them not knowing what their companies were paying, and so BA from then on till the Paris crash and the September the 11th affair, made a comfortable profit from a business that previously was running at a disastrous loss!

After the war, the camera shops marked up cameras routinely at at least

100%, since the goods often spent long periods in the window and on the shelf, tying up their money. Until Comet started buying grey goods by sidestepping the official importers and so reducing the wholesale prices, 100% markup was consdidered the minimum retail figure for a business to continue in the black

Dave..

Reply to
speedy2

I think you'll find the echo was from the other, rather silly, party. I replied to him in each case.

The difference here in the mark-up comments, is that....

  1. This is a hobbyist NG, not one in which one would expect some contributors to be cynical parasites upon the other contributors, taking them for as much as they can get.
  2. ISTR that the device in question was developed as a private interest, as part of a hobby, and therefore there are no development costs to be recovered.
  3. Advertising in a hobby NG costs nothing and so there are no advertising costs to be recovered.
Reply to
Airy R. Bean

Interesting! In North America, the normal mark-up is 40%. It costs 30% to operate an average retail business, leaving 10% for the proprietor. In the jewellery trade, the mark-up is often in the 300 % range though. Big box stores can buy cheaper, and take a lower mark-up on some goods due to very high volume.

Steve R. in Canada.

Reply to
Udie

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