Easygoer13
New member
Scott,
Let me say a good debate is great…We can hopefully learn from it. I would respectfully disagree with you. You are in fact opening up your market. If the battle for the customer is fought between price first shops they effectively shrink the market by all fighting for the same customer. Look at the study here 61% of people polled said they pay MORE for something that believed was of better quality. I would argue that service, convenience, store presentation all matter as much as price. Also if your in a market with all price point competition than for those people who want something better, if you can deliver that product to them, you will have a loyal following instead those who choice comes down to this weeks coupon. The list of industry leaders that promote themselves as being better not the low cost producer is endless, Nike, Tide laundry, Coke Cola, Chips ahoy. I am just rattling some names off that sell more than anyone else but at hardly a lower price. People want VALUE not price and the difference is huge. I would also add that this market dictated, I mean you know your local market and what you must do. To be honest I would be much the fool to jump into the price war as that’s all that’s around me already.
Let me add as an example: If there was a town where all tennis shoes sold for less than $35.00 a pair just no name shoes. And Nike said here you can be the only person in this town to sell our shoes but remember some will be over $100.00 or three times as much as what the others stores in town sell shoes for. I would be the first in line to take that store. I mean if the town was large enough. My point is cheaper is not only what people want… it is much more than just price. They want to feel good about what they bought and I think this holds true for just about any product.
Let me say a good debate is great…We can hopefully learn from it. I would respectfully disagree with you. You are in fact opening up your market. If the battle for the customer is fought between price first shops they effectively shrink the market by all fighting for the same customer. Look at the study here 61% of people polled said they pay MORE for something that believed was of better quality. I would argue that service, convenience, store presentation all matter as much as price. Also if your in a market with all price point competition than for those people who want something better, if you can deliver that product to them, you will have a loyal following instead those who choice comes down to this weeks coupon. The list of industry leaders that promote themselves as being better not the low cost producer is endless, Nike, Tide laundry, Coke Cola, Chips ahoy. I am just rattling some names off that sell more than anyone else but at hardly a lower price. People want VALUE not price and the difference is huge. I would also add that this market dictated, I mean you know your local market and what you must do. To be honest I would be much the fool to jump into the price war as that’s all that’s around me already.
Let me add as an example: If there was a town where all tennis shoes sold for less than $35.00 a pair just no name shoes. And Nike said here you can be the only person in this town to sell our shoes but remember some will be over $100.00 or three times as much as what the others stores in town sell shoes for. I would be the first in line to take that store. I mean if the town was large enough. My point is cheaper is not only what people want… it is much more than just price. They want to feel good about what they bought and I think this holds true for just about any product.
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