> I historicaly low-ball prices for my ideas, but since I would only be
> -- essentially -- looking to cover personal costs and pay some bills, I
> don't think I'd charge more than 50 to 75 per night: considering what
> construction personnel (deservidly) get for their work, I didn't think
> that was out of bounds. But then, I don't 'know' that to be the case.
What does low-ball prices for your ideas mean? Why would you
intentionally go cheap. If it's a good idea and you're offering a
valuable service people will pay you for it.
Some of the best advice I received when starting out was to charge
people the full amount. They'll respect you more for it.
If you intentionally go in to an endeavour and shoot yourself in the
foot coming out of the gate, you're starting out from a pit. You need
money, a business needs money to grow, you're doing it for the money.
So why give the service away.
People might advise you that you should have low prices to start until
you build up a customer base and experience and then you can raise your
prices. That's crap - nothing else. When you raise prices you'll piss
off your existing customers. By having low prices to start, the odds
of your business failing go way up.
Do yourself the favor. Find a fair price that lets you make the money
you need. If you can't do that, it's not the right business for you.
R
casteele95thbgheavy@yahoo.com - 28 Jun 2005 00:48 GMT
> What does low-ball prices for your ideas mean?
A bit of a mis-statement on my part. I tend to *under estimate* what
people will pay for a product or service.
> Why would you intentionally go cheap. If it's a good idea and you're offering a valuable service people will pay you for it.
Because "THE GOAL" would not be to found a start-up, but to survive,
in the strictest sense of the term.
> Some of the best advice I received when starting out was to charge
> people the full amount. They'll respect you more for it.
No question. Agree totally. It's actually beginning to look -- as of
this morning, because I can't find a safe spot on which to park the
motorhome [ I was assaulted in it Wednedsay morning, the car was
trashed, bump on the head, etc. ] -- that I will have to move out of
state, but ... had I pursued the idea, gone out and spoken to people at
sites and gotten a feel for what the market might bear, I would
certainly have edged the price upward ... I'd be a fool not to if the
customer was receiving a service they needed and wanted. But "the unit
mission" -- to put it in military parlance -- would have been ... to
surVIVE.
Thankyou, R. Appreciate the response, Sir.
Christopher A. Steele