Quote:
Originally Posted by Hellmark
Yeah, I can make five of something and sell them all and my competitor sells 50. I can say "Hey, I sold out", or "Hey, I sold jack shit compared to the next guy." If it was you, what would you prefer to say when your honor was at stake.
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No the point is, if I am limited to making only 5, and I can sell them at $1000 each, I do NOT care what my competition sells their product for. IF they make 50 and sell them at $1 each, SO WHAT?
In fact, if I can only make 5 and can sell all 5 at $1000 each, teh next batch, I will raise the price to $1500 each, and if they sell out, then to $2000 each.
Learn basic supply and demand. If the demand outstrips the supply, charge more. You only need to lower prices when you have a lot of a product and are not selling it fast enough.