Vacuum Cleaners Discussions |
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mole
 
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Location: earth
Joined: Sep 30, 2007
Points: 783
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PRICING QUESTION
Original Message Oct 31, 2008 9:03 am |
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I would like to throw this question out........ If you are not a vacuum enthusiast or professional in the business. What would you pay for a vacuum cleaner[please disregard being sold by high pressure sales or hyped promotional advertising] $5.00, $ 20.00, $ 150.00, etc. I'M trying to see how the public in general sees this industry.......... Thanks MOLE |
CarmineD
Joined: Dec 31, 2007
Points: 5894
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Re: PRICING QUESTION
Reply #40 Dec 5, 2008 8:29 am |
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Hello MOLE, and vacuum store owners/operators: With consumer spending at the lowest levels in 4 decades, what do you do to sell new vacuums, which I think we've established, have a fairly wide range of profitability. Do you stand your ground and follow the manufacturers' MSRP? Or do you take the route of the big box stores and slash prices drastically? With no regard to MSRP and MAP? For most of you, save maybe MOLE who has seen economic conditions like these before, perhaps not as bad, it's probably a new business playbook. What's your game plan for now and the future? Any thought given to the likelihood that your businesses/stores will close in the future? FWIW, some industry profesionals who were active posters here haven't checked in for awhile. Maybe they are out of business and/or soon will be, sadly. Carmine D.
This message was modified Dec 5, 2008 by CarmineD
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mole
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: PRICING QUESTION
Reply #41 Dec 5, 2008 9:20 am |
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Hi Carmine,in conditions like this you have to know how to adapt, we are not one dimensional,we do the whole business from sales to parts to rebuilts to centrals,all makes and models,if we dont have it you dont need it.We do not brand bash,there is no sense in it,We know how to price and give into a customer who pays CASH, Our shop rates are in line with everyone else,work is done by trained people who know how to do it right ,it s not a hobby for us,this business has been very good to me and my family. A very close friend of mine and yours in the wholesale/retail end of the business said hes loosing 6 to 10 dealers a week,and now has most everyone on C.O.D. It has to be done this way til things loosen up a little,Credit lenders are going bust and stopped doing business in some states. In some ways Carmine the way things are its actually good it weeds out the posers that were in it for the quick buck.We will strive to survive,this is not a reccsion its a depression. Sorry for the rant,but its reality.[Can i get a 34 billion bailout for running my business into the ground??????????????? MOLE |
dusty
Joined: Feb 8, 2008
Points: 264
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Re: PRICING QUESTION
Reply #42 Dec 5, 2008 9:58 am |
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G'day Carmine (and Mole) For us it's status quo, keep doing what we've been doing. We've never been one to follow MSP to begin with. Our pricing matches all the local department stores and our customers know this which is why they return to us over and over. Oddly enough we've actually seen an increase in our higher end stuff as people are telling us that they're tired of throwing away vacuums after a couple of years and can't afford to be doing it anymore. Our business also consists of Central Vacs, full repair service and a couple years ago we added hardwood / hard surface floor care products..an item that brings in many repeat customers and we all know, you can't have to many of those Dusty
This message was modified Dec 5, 2008 by dusty
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Lucky1
Joined: Jan 2, 2008
Points: 271
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Re: PRICING QUESTION
Reply #43 Dec 5, 2008 2:13 pm |
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Hi Carmine,in conditions like this you have to know how to adapt, we are not one dimensional,we do the whole business from sales to parts to rebuilts to centrals,all makes and models,if we dont have it you dont need it.We do not brand bash,there is no sense in it,We know how to price and give into a customer who pays CASH, Our shop rates are in line with everyone else,work is done by trained people who know how to do it right ,it s not a hobby for us,this business has been very good to me and my family.</p><p>A very close friend of mine and yours in the wholesale/retail end of the business said hes loosing 6 to 10 dealers a week,and now has most everyone on C.O.D. It has to be done this way til things loosen up a little,Credit lenders are going bust and stopped doing business in some states.</p><p>In some ways Carmine the way things are its actually good it weeds out the posers that were in it for the quick buck.We will strive to survive,this is not a reccsion its a depression.</p><p>Sorry for the rant,but its reality.[Can i get a 34 billion bailout for running my business into the ground???????????????</p><p>MOLE
Not unless you have a PRIVATE JET!!!!! LOL
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mole
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: PRICING QUESTION
Reply #47 Dec 13, 2008 10:00 am |
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Thanks all for your replies. I enjoy reading your business and industry insights. Your capacity to keep a sense of humor despite is remarkable. When I see the little 3 from the big 3 grovel before Congress, I admire you and what you are going through. Keep on keeping on. Carmine D.
Yes Carmine,we are some tuff puppies,and old dogs.I would agree with ACTIONVAC, customers that have money left are buying the premium quality machines,just for the sake of true economics,buy it once buy it right and forget about it for 15 to 20 years.What are people really saving in the long run?
Besides the landfills are already overloaded with tires now..... MOLE
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mole
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Location: earth
Joined: Sep 30, 2007
Points: 783
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Re: PRICING QUESTION
Reply #49 Dec 13, 2008 6:43 pm |
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If only they had used nitrogen in those tiers the dump would be begging for business. Hey H.S. Did you hear that Carmine got a new gas saving device for the EXPLORER,A carbon fibre gas cap,it takes a lot of weight off the rear of the SUV......  MOLE what will he think of next,,,,,,,,,,,,,
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