If that one is the only customer then you're right. You know of supply and demand right?
I've seen at least a dozen members who said "No way I'd spend $200, but I'd be in for $100", and so far I think you, maybe one other member have ponied up $200 to buy a set. At least you're the only ones to admit it!
So, 2 purchases at $200 for a grand total of $400
or 14 purchases at $100 for a grand total of $1,400.
There is absolutely no way you're going to convince me that there's more than $100 worth of material and labor going into making a set. So they'll be making a profit at $100 a set, just not as much as they want.
Even if it cost $75/set to make, they'd still make more money by selling them at $100 than at $200, at least around here.
Profit at $200/set = $125 x 2 sets = $250
Profit at $100/set = $25 x 14 sets = $350
There is absolutely no way you're going to convince me that there's even $75 worth of material and labor going into making a set for that matter.
- NCSU
Sounds like there's no convincing you
Honestly though, if the price was lower everybody would be buying them which would be great for MGP. Everybody would love them too! However, until they lower the price I'll be one of the very few F1 owners who have them and that makes me feel super special. lol
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Last edited by johnnyd2723; 06-02-2009 at 03:01 PM.
There is a lot more that goes into making a product than material and labor. Research, developement, softeware costs, machinery, and continuing overhead of a business. Whether they are over priced or not remains to be seen. They have priced them where they felt they needed to be and they will have to live with the resulting consumer interest. Constant belittling of the price and product will not change this. Having been in the manufaturing business all my life, I probably have a better appreciation for what it takes to get to the market place than some of you.
One other thing, maybe I missed it, but I don't recall his asking for opinions. He just offered it for sale. I see no reason for some of the repetitive bashing.
__________________
Jim
Flowmaster 40, K&N dropin, Tint, Roush wheels, 305/50/20s
Edge Evo with PHP custom tunes, GF 2" shackles
There is a lot more that goes into making a product than material and labor. Research, developement, softeware costs, machinery, and continuing overhead of a business. Whether they are over priced or not remains to be seen. They have priced them where they felt they needed to be and they will have to live with the resulting consumer interest. Constant belittling of the price and product will not change this. Having been in the manufaturing business all my life, I probably have a better appreciation for what it takes to get to the market place than some of you.
Hey Blue
Odds are you know much more about getting a product from concept to production than most people. That doesn't change the fact that many people here feel they are still over priced.
Quote:
Originally Posted by Bluejay
One other thing, maybe I missed it, but I don't recall his asking for opinions. He just offered it for sale. I see no reason for some of the repetitive bashing.
Are we no longer allowed to state our opinions without specific requests?
What if instead of calling it "bashing", why not consider it free market research
If they sell decent, the market usually works in the way that eager beavers pay more first, then as demand increases and word gets around, prices tend to fall (atleast from what I've observed anyways) Just me .02
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John
Thanks Watson91 at S-FX
PTM Century Tonneau
Remote Start 14" si/do Magnaflow 45'd behind rear tires
4" x 18" SS Tips
Roush Grille
Billet Bumper Grille
PTM Mirror caps
DVW Intake w/ K&N drop in
Quote:
Originally Posted by 05RedFX4
Best of luck to you, and hopefully you don't have the same attitude when you go into the dealer to get your trans fixed, because if you do your gonna need a big jar of vaseline cause they are gonna stick it to you, HARD
Odds are you know much more about getting a product from concept to production than most people. That doesn't change the fact that many people here feel they are still over priced.
Are we no longer allowed to state our opinions without specific requests?
What if instead of calling it "bashing", you consider it as free market research
- NCSU
Many may feel it's overpriced. When they have no concept of what the profit margin really is, they should keep it to "it's not worth the price to them" and not show their ignorance in trying to demonstrae the profit involved.
If he asked for the free research, sure. He didn't, and stateing one's unsolicited, negative opinion repetively, rapidly becomes bashing.
__________________
Jim
Flowmaster 40, K&N dropin, Tint, Roush wheels, 305/50/20s
Edge Evo with PHP custom tunes, GF 2" shackles
When they have no concept of what the profit margin really is, they should keep it to "it's not worth the price to them" and not show their ignorance in trying to demonstrae the profit involved.
It was merely an example my friend, merely an example.
Quote:
Originally Posted by Bluejay
If he asked for the free research, sure. He didn't, and stateing one's unsolicited, negative opinion repetively, rapidly becomes bashing.
I apologize, I didn't realize we were moving towards a more fascist frame of mind around here. I'll keep my opinions to myself, unless they are in line with this site's approved opinions.
Another point of view, my Patman grill takes very little financial investment costs from my end, but it is a pretty labor intensive process. Also not to mention that i dont want to price it so cheaply that i sell a million of them. I personally dont have time to make that many grills by hand, and I also like it being an exclusivity thing. There are only 2 in existence currently, with a new model on the way
It was merely an example my friend, merely an example.
I apologize, I didn't realize we were moving towards a more fascist frame of mind around here. I'll keep my opinions to myself, unless they are in line with this site's approved opinions.
- NCSU
Not Facist at all, and nothing wrong with an opinion when one is solicted. I guess I just like to see common courtesy shown to other individuals.
__________________
Jim
Flowmaster 40, K&N dropin, Tint, Roush wheels, 305/50/20s
Edge Evo with PHP custom tunes, GF 2" shackles
It was merely an example my friend, merely an example.
I apologize, I didn't realize we were moving towards a more fascist frame of mind around here. I'll keep my opinions to myself, unless they are in line with this site's approved opinions.
- NCSU
Fascist??? If this forum goes fascist does that mean all members get free healthcare or is that just for socialists?
And nice covers but too high for me also! I've had the caliper paint kit sitting in my garage for a while now. Just too many projects and not enough time!
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2005 XLT 5.4 Screw 4x4
Line-X, 2.5 AS and Superlift AAL, 305/50/20 Cooper Zeon LTZ's, 18" Magnaflow SI/SO, HD Grille, HD tails, A.R.E. tonneau, Edge upgraded with PHP custom tunes, K&N drop in, 35% tint, Kenwood KAC-6202, Kenwood KAC-8410D, Infinity Reference 6912cf, Alpine SPS-570A, RF Punch stage 1 8" in line-x box, Infinty perfect 10 DVC in Qlogic box . - Scott
If that one is the only customer then you're right. You know of supply and demand right?
I've seen at least a dozen members who said "No way I'd spend $200, but I'd be in for $100", and so far I think you, maybe one other member have ponied up $200 to buy a set. At least you're the only ones to admit it!
So, 2 purchases at $200 for a grand total of $400
or 14 purchases at $100 for a grand total of $1,400.
There is absolutely no way you're going to convince me that there's more than $100 worth of material and labor going into making a set. So they'll be making a profit at $100 a set, just not as much as they want.
Even if it cost $75/set to make, they'd still make more money by selling them at $100 than at $200, at least around here.
Profit at $200/set = $125 x 2 sets = $250
Profit at $100/set = $25 x 14 sets = $350
There is absolutely no way you're going to convince me that there's even $75 worth of material and labor going into making a set for that matter.
- NCSU
flawless logic!
__________________
2009 SCrew XLT 4x4, Tint, Black emblem overlays, Goodyear Wrangler Silent Armor Tires on ATX Predators,
Line-X, Bakflip HD Tonneau, Ruff 'N Tuff bed extender, Catch-all mats in front, Weathertech mat in back,
Magnaflow (16520) SIDO Dual Splits, Akebono ceramics front and back, Clifford 20.7x Remote Starter,
HD/Raptor Heads and Tails, Tailgate popper with EZ Down: http://www.youtube.com/watch?v=V85J6eKXfRo
No offense, Bluejay and Stealth, but I disagree with your take on this. The guy says, "buy my stuff, buy my stuff" and I think that is, essentially, asking for an opinion. Whether it's feedback about the product or about the price he is, in effect, asking for feedback. I see nothing wrong with how people have replied. Most people are being courteous in their replies, but they are also being frugal...I being one of them. In this economy, people are cutting back on frivolous spending and looking for deals where they can get them. Just because people think the product is overpriced, and state that as such (even repetitively), doesn't mean they're being discourteous about it. They are simply stating their opinion about the price of the product that is being presented before them...in numerous threads. If MGP is trying to recoup some of the R&D costs, NCSU_05_FX4's math up above would go a long way to getting them there. Nowadays, $180 or $200 is a lot of money to some people to spend on a novelty appearance item.
Just one man's humble opinion. Thanks for listening and your enjoy your evening.
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2009 SCrew XLT 4x4, Tint, Black emblem overlays, Goodyear Wrangler Silent Armor Tires on ATX Predators,
Line-X, Bakflip HD Tonneau, Ruff 'N Tuff bed extender, Catch-all mats in front, Weathertech mat in back,
Magnaflow (16520) SIDO Dual Splits, Akebono ceramics front and back, Clifford 20.7x Remote Starter,
HD/Raptor Heads and Tails, Tailgate popper with EZ Down: http://www.youtube.com/watch?v=V85J6eKXfRo
I've had them on now for less than a week and have had 3 people comment on them. Man, my head is starting to swell!!!! The more I look at them the more I love 'em
I've had them on now for less than a week and have had 3 people comment on them. Man, my head is starting to swell!!!! The more I look at them the more I love 'em
how's the dust build up doing?
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2009 SCrew XLT 4x4, Tint, Black emblem overlays, Goodyear Wrangler Silent Armor Tires on ATX Predators,
Line-X, Bakflip HD Tonneau, Ruff 'N Tuff bed extender, Catch-all mats in front, Weathertech mat in back,
Magnaflow (16520) SIDO Dual Splits, Akebono ceramics front and back, Clifford 20.7x Remote Starter,
HD/Raptor Heads and Tails, Tailgate popper with EZ Down: http://www.youtube.com/watch?v=V85J6eKXfRo
Unfortunately I didn't get the truck washed Sunday like I usually do so I can't really gauge it yet. However I will say that after 5 days of being installed there is some dust on the caliper covers. To me it seems like the normal amount of dust build up which I would typically see on the wheels but again, until I have the truck completely cleaned up I can't say for sure.
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