dpd1 - 10:09 pm on Aug 21, 2009 (gmt 0)
I agree with all of that... And as far as the pricing... I too look at what people are selling stuff for and I know exactly what it cost them. I've said it before, but I often seriously wonder if a lot of these people even have the slightest clue how much they're really making. When you are selling a lot of items, or even worse, making a lot of items, it's extremely difficult to keep up with what your true profit is. Even the most dedicated person is only going to be getting a basic number, and that's with keeping up to date on costs constantly, which change daily. I just had it happen today... A supplier raised three products $1. Not a big deal, but I don't have time to log that in now, and you have that happen a couple more times... next thing you know you're losing money. I have to think there's probably a lot of people out there that got into it and really have no idea how much they're really making... Or not making. I think a lot of them just feel like, if stuff is going out the door, then they're accomplishing something. It may take them a couple years to look at the bottom line and realize they really aren't making anything. Especially if they subscribe to the adage that all businesses loose money in the first couple years. I think that's BS... I never lost money. Maybe I never made as much as I wanted or sold as much as I wanted, but I never lost money from day one. But unfortunately there's a never ending supply of these people out there that just make it harder for all the people that know what they're doing, because shoppers are always going to use the absolute bottom price to give you a hard time with, and that price will often be below a profit. But what can you do? Tell them: Yeah, that price is great, but that's because that person has no idea what they're doing and probably won't be around 3 years from now. People don't care... All they care about is getting it cheap.