. . . When you purchase a tube of toothpaste, do you find out what the MSRP is. What about coffeemakers and TV sets? No. You see what everyone is selling them for. So why should vacuum purchases be different? Look at auto purchases. Do you start at the MSRP when you want to make a deal w/the salesman? Experts tell you not to. MSRP is, in a sense, artifically high. About a month ago, I did research for a new LCD TV. I researched the different brands and their features. I searched cost of product, and s/h if applicable. I found a quality brand TV w/1080p on clearance. When I was still thinking, the salesman asked me what he could do. Well, he lowered the price. I took it and have been very happy since. The point I am trying to make is how often do you really look at MSRP when making a purchase?</p><p>
Hi Mike,
Just for the record -- I don't buy toothpaste but use peroxide and baking soda instead. The product isn't as fancy but offers a better result than any toothpaste I've brought from the store.
To tell the truth, my personal shopping habits for more personal and directly applied consumable necessities are more influenced by product than price. You'll finding me going for the the extra cost if I know or believe the item will serve me. But, I certainly am not going to pay less for a brand of body wash that gives me a an allergic reaction or that has a feel or smell I don't particularly like. However, I do tend to by that kind of consumable at places where I feel I continually get a good deals. Even if the price of one specific item is a bit higher than I care for I feel I'm of the game if the remainder of my purchases are satisfactorily. You win some -- you lose some. I'm not the type to spend a dollar on gas to save fifty cents on a bar of soap. However, finding a good vacuum, fridge or TV does move me to the most thorough looking around I can do.
I normally do not go store to but do go use consumer opinion as offered at epinions.com and the websites of many online providers to help in my assessment of the worth of a certain product. They say lot more than the text provided by the vendor to pitch product. Matter of fact, some opinions are so much to the contrary to the worth of some items, I am surprised they were allowed to be shown. I take if for what is and it appears at least a tacit effort on the vendors' part to be up-front.
I use nextag.com, pricegrabbe.com and eBay to get an idea of top and bottom prices. Certain brands like Miele, Riccar/Simplicity do not appear for other than prices regarding bags and belts.
As for Carmine, judge me as you will, I considr him a friend and am accepting of most of his assessments. He's been in business and I have not. I have no expectation of him, you or any vendor -- present or past -- that I may associate with here or elsewhere, online or off, as far as forthright statements regarding the actual cost of goods as opposed to the MSRP is concerned.
However, I am a staunch believer that you can learn as much from what is not said as from what is said. As an instance, by way of managing an office, I began to learn that all manner of things can be considered tax write-offs especially for those those in business. The bosses newspaper subscription falls under the category of marketing come tax time. A moot point but it flies.
Using "marketing" and "advertising" as two examples and please correct me if I'm wrong, may I then presume that a "give-away" though certainly a wonderful gesture of good will may not be a loss at all if it can be written off?
Reflecting again on what I've seen regarding business, I have also seen a company lose a bread-and-butter client of many years by over-speaking with merely the intent of proving how "good" we were being to them. The process of laying out an explanation in regard to the output of over-quantities being a normal part of that specific industry's way of going about work led to the client's questioning by way of its assessment of past bills. The reason being the client was told it had just been "given" overs. The question was of course, "If you can give them way why did you charge us before?"
How does that relate to this? Knowledge is a key and knowledge not just of the MSRP but a reasonable idea of wholesale price aids potential buyers in assessing if an item in question is worth the expense it will incur. When I look at the MSRP against sale price I am striving to make as accurate an assessment of mark up. If supposed mark-up seems fair to me, I buy. If it does not, I either say so or walk out of the store.
I hate the math as this issue is more algebraic in form than of the plain old "one and one equals two" kind. Yet, I pursue since I do like to know what I'm paying against what it actually cost to supply a costly item to me for purchase and in no way generally am ready to accept a given vendor's say-so. Note, that statement is in no way meant to besmirch everyday, honest vendors.
As for MSRP, as Carmine has noted, generally TOL items initially hit the stores either priced to match or to fall near MSRP. Seems to be what I've seen the like of all along and is understandable. Everybody's looking to make. manufacturer's are eager to quickly recoup funds ventured for the development and making of new product lines and vendors are eager to reap the harvest in regard to new items popular in interest to the public.
Also, having had the experience of buying a new machine well below the MSRP I still remain curious as to what it actually cost the dealer and how the deal works. I bought a vacuum with a $1,195.00 MRSP for $900.00. I also bought a vacuum with an MSRP of $995.00 for $700.00. As far as the sale end of things went, I knew what I felt was acceptable to me to pay and went straight into the store and told them what I wanted and what I was prepared to give them for it.
Case closed but even though I got what I wanted at the price I wanted, who couldn't help but wonder how much it actually cost the vendor due the maker's suggested price. You stated the MSRP means little or nothing and if that's so it would seem manufacturers would do better for themselves by dropping the practice.
There are many other things to think on when factored into price thus having an idea of wholesale price may well prove a boon to shopper decisions. If a vendor sells a well-made product a with suggested price of $1,000 to me for $700 and I know it cost him/her maybe $400, $450 -- whatever -- I am comfortable with the deal. As I've stated I do not expect to be given anything. BUT -- I do want to know what my potential savings by way of fair profit may be by way of vendor A, B, or C. I also know I will never be told that and feel that I and every other consumer best serve ourselves by trying to find out as best we can before we buy.
Best,
Venson