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Re: Shopsmith's new website is up....
Posted: Sun Dec 31, 2023 11:46 am
by JPG
I suspect the planer chute increase is due to the pro planer no longer being available. I checked the price as I wanted to make sure it was still available. I 'tested' the order history function and stumbled upon my already ordering(and received) it.
Now I have to rediscover 'it'.
Re: Shopsmith's new website is up....
Posted: Sun Dec 31, 2023 1:29 pm
by larryhrockisland
JPG wrote: ↑Sun Dec 31, 2023 11:46 am
Now I have to rediscover 'it'.
And I thought it was only me.
Re: Shopsmith's new website is up....
Posted: Sun Dec 31, 2023 4:55 pm
by chapmanruss
JPG,
It not just you or Larry for that matter. I am still working at finding stuff since the move that I know I have. Does anyone know what box my 2 Mark V 510/520/M7 Miters are in? They somehow must have been put into a box that was not just Shopsmith items. I had no problem finding the old Mark 5 Greenie Miters I have that are actually disassembled for restoring.
Re: Shopsmith's new website is up....
Posted: Sun Dec 31, 2023 5:14 pm
by dusty
DLB wrote: ↑Sun Dec 31, 2023 10:02 am
dusty wrote: ↑Sun Dec 31, 2023 7:07 am
Please - if you are inclined to declare that have been "price increases (as a result of new ownership)" give us specific current examples. In the economy these days it is quite normal for prices to increase over time. It is called "inflation".
Scanning through some 'order history' I see some examples. I don't pretend to know the cause. And I notice that sometimes history reflects a reduced (sale) price and sometimes it reflects normal price even if that's not what I paid, so I can't necessarily tell if the price I give was list price at the time.
On 7/1/2022 I bought a jointer knife set for $34.99, current price is $64.99. Same order a belt sander backup plate (platen) was $20.78, now $36.95. A PP Idler Shaft I bought last month was $38.29, now $46.95. I also see examples of unchanged prices.
- David
and the price increases were "the result" of there being a new owner---or maybe just inflation.???
Let us not bash the new owner for other than what the new owner is responsible.
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 11:07 am
by DLB
dusty wrote: ↑Sun Dec 31, 2023 5:14 pm
and the price increases were "the result" of there being a new owner---or maybe just inflation.???
Let us not bash the new owner for other than what the new owner is responsible.
As I stated, I don't pretend to know the cause of the increases. You asked for specific examples, I provided a few. I wasn't weighing into the discussion of inflationary Vs new management. Some of both, I expect. But I think I recall from the interview video that Nick felt that SS did not have a good handle on their pricing, I took that as an indication that we would experience increases on some items. My recollection is words to the effect that no one could tell him their total costs associated with items they were selling.
- David
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 11:23 am
by RFGuy
Things would have to be
REALLY bad for inflation to be
85.7%, 77.8% or even
22.6%. Thanks David for the real world pricing examples from recent purchases. Sticking with my assumption and I really didn't think it was a reach or bashing or anything. JUST STATING THE OBVIOUS with regard to a new owner taking over ANY new business, but also aligned with what was discussed from his interview.
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 11:40 am
by JPG
RFGuy wrote: ↑Mon Jan 01, 2024 11:23 am
Things would have to be
REALLY bad for inflation to be
85.7%, 77.8% or even
22.6%. Thanks David for the real world pricing examples. Sticking with my assumption and I really didn't think it was a reach or bashing or anything. JUST STATING THE OBVIOUS.
After all, WHY did he assume leadership?
I assume he saw an opportunity.
"Saving" the company is a goal fer sure(in the very least so as to sell it at a profit).
I see that goal as a likely deterrent to increasing prices on products which already appear inflated .
Now about the biscuit joiner pricing....
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 11:59 am
by RFGuy
JPG wrote: ↑Mon Jan 01, 2024 11:40 am
I see that goal as a likely deterrent to increasing prices on products which already appear inflated .
Did you forget about the 25X sales increase target comment from the interview?
One way to increase revenue is to raise prices. Econ 101.
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 12:43 pm
by algale
RFGuy wrote: ↑Mon Jan 01, 2024 11:59 am
JPG wrote: ↑Mon Jan 01, 2024 11:40 am
I see that goal as a likely deterrent to increasing prices on products which already appear inflated .
Did you forget about the 25X sales increase target comment from the interview?
One way to increase revenue is to raise prices. Econ 101.
I assumed the 25X sales increase target meant 25X more sales not the same number of sales at 25X the price.
Re: Shopsmith's new website is up....
Posted: Mon Jan 01, 2024 1:39 pm
by JPG
algale wrote: ↑Mon Jan 01, 2024 12:43 pm
RFGuy wrote: ↑Mon Jan 01, 2024 11:59 am
JPG wrote: ↑Mon Jan 01, 2024 11:40 am
I see that goal as a likely deterrent to increasing prices on products which already appear inflated .
Did you forget about the 25X sales increase target comment from the interview?
One way to increase revenue is to raise prices. Econ 101.
I assumed the 25X sales increase target meant 25X more sales not the same number of sales at 25X the price.
+1
Econ 102 increasing price too much results in lower total revenue.