Mental meanderings on Shopsmith past, present and future
Posted: Wed Apr 14, 2010 1:24 pm
First of all a big THANK YOU to all for the great welcome I've found here in the Shopsmith forums. Seems that woodworkers, or at least woodworkers who use Shopsmiths, are a far more social lot than most.
I've been reading dozens and dozens of posts here and other places on the web web about the venerable Shopsmith. I was born in 1958, shortly after the first Shopsmith. Growing up I saw Shopsmith TV infomercials, saw in-store demos, and more. Shopsmith was an inescapable part of the American do-it-yourself and handyman culture.
Last week I bought a used Shopsmith. My dad, uncles, and my 50-something friends are all itching to come see it. On the other hand, my kids, ages 20, 28 and 30, have never heard of Shopsmith. Clearly this is not a good sign for the Shopsmith brand.
So what is wrong? What changed?
Nick Engler has written about how the in-store demo just does not sell machines anymore. There has also been an explosion of power tools in every conceivable price (and quality) range. A person could walk out of the local Home Depot or Sears with a new drill press, table saw, sander, and lathe for not much more than six or seven hundred bucks.
I'm thrilled that for a third of that I've got a Shopsmith that takes up far less space and is a better tool in all four categories (I tend to dismiss "horizontal boring machine" since most people would never buy a stand-alone).
But what if my only option had been new at $2999 (or more) plus shipping?* As much as I would like to help keep the company on its feet, that's a lot of quarters. And it is a tough price point for the entry-level woodworker. And entry level has always been the main market, since advanced woodworkers have usually already amassed a collection of power tools.
I was trying to look at the Shopsmith through the eyes of a 20 or 30-something buyer. It looks it's age. It looks old fashioned. Very honestly, it lacks what realtors call "curb appeal."
From a marketing perspective, the Shopsmith desperately needs a remodel. The PowerPro is _sort_ of a move in the right direction, but it will still look like a 1950's vintage machine. I realize this is a chicken-and-egg situation. Shopsmith is struggling financially, which makes it very hard to invest in a new product. But a new product is what is needed to re-invigorate the company.
I'm going to make a small suggestion, one that might offend the purists -- paint the Shopsmith red and black. Make it stand out, make it look new. Oh, and put a shelf/cabinet system between those legs. Make it look more formidable.
Lastly -- Not many folks are going to buy a $1200 table upgrade. But a whole lot of folks would buy a Shopsmith coffee cup, or t-shirt, or mechanic shirt or .... (the list is endless) Capitalize on this. Keep the promotional items prices as low as possible, with the exception of perhaps a few high-end jackets or such.
Lastly, I need to say that I'm no expert in any of the above. It is all just a collection of thoughts, and we all know the cash value of opinions.
All the best -- Paul
(It just occured to me that amid all the "Great deal' posts, I have yet to read a post that said "I just bought a brand spankin' new Shopsmith.")
I've been reading dozens and dozens of posts here and other places on the web web about the venerable Shopsmith. I was born in 1958, shortly after the first Shopsmith. Growing up I saw Shopsmith TV infomercials, saw in-store demos, and more. Shopsmith was an inescapable part of the American do-it-yourself and handyman culture.
Last week I bought a used Shopsmith. My dad, uncles, and my 50-something friends are all itching to come see it. On the other hand, my kids, ages 20, 28 and 30, have never heard of Shopsmith. Clearly this is not a good sign for the Shopsmith brand.
So what is wrong? What changed?
Nick Engler has written about how the in-store demo just does not sell machines anymore. There has also been an explosion of power tools in every conceivable price (and quality) range. A person could walk out of the local Home Depot or Sears with a new drill press, table saw, sander, and lathe for not much more than six or seven hundred bucks.
I'm thrilled that for a third of that I've got a Shopsmith that takes up far less space and is a better tool in all four categories (I tend to dismiss "horizontal boring machine" since most people would never buy a stand-alone).
But what if my only option had been new at $2999 (or more) plus shipping?* As much as I would like to help keep the company on its feet, that's a lot of quarters. And it is a tough price point for the entry-level woodworker. And entry level has always been the main market, since advanced woodworkers have usually already amassed a collection of power tools.
I was trying to look at the Shopsmith through the eyes of a 20 or 30-something buyer. It looks it's age. It looks old fashioned. Very honestly, it lacks what realtors call "curb appeal."
From a marketing perspective, the Shopsmith desperately needs a remodel. The PowerPro is _sort_ of a move in the right direction, but it will still look like a 1950's vintage machine. I realize this is a chicken-and-egg situation. Shopsmith is struggling financially, which makes it very hard to invest in a new product. But a new product is what is needed to re-invigorate the company.
I'm going to make a small suggestion, one that might offend the purists -- paint the Shopsmith red and black. Make it stand out, make it look new. Oh, and put a shelf/cabinet system between those legs. Make it look more formidable.
Lastly -- Not many folks are going to buy a $1200 table upgrade. But a whole lot of folks would buy a Shopsmith coffee cup, or t-shirt, or mechanic shirt or .... (the list is endless) Capitalize on this. Keep the promotional items prices as low as possible, with the exception of perhaps a few high-end jackets or such.
Lastly, I need to say that I'm no expert in any of the above. It is all just a collection of thoughts, and we all know the cash value of opinions.
All the best -- Paul
(It just occured to me that amid all the "Great deal' posts, I have yet to read a post that said "I just bought a brand spankin' new Shopsmith.")