When I was in S. Korea in 1984 I was looking at some Celadon Porcelain
vases that a street vender was selling. He had the price marked in
US$, Korean WAN, and Japanese yen. Doing a quick conversion in my
head I could see that the Yen price was almost twice the US$ price,
and the Wan price was in the middle. I asked the guy why that was so.
He said that most Americans were unaware of what made one vase worth
more than another vase (Color, who made it etc.) and were unwilling to
pay the going Korean price. The Japanese on the other hand were well
educated in Celadon porcelain and were more than willing to pay a much
higher price for the same item. To them it was still a bargain
compared to what they would have to pay back home. Pricing is very
subjective. Charge a price that at least makes it worth your while. I
real-estate they say price is what ever buyer is willing to sell for,
and what ever a buyer is willing to pay.
Reminds me of the guy I know whose neighbor failed for months to sell her
house for $50,000, who then sold it immediately for $75,000, or something
like that. The person who bought it had looked at it for $50,000, but they
didn't want to live in a lowly $50,000 house.
People are stupid sometimes.
Michael McIntyre ---- Silvan < email@example.com>
Linux fanatic, and certified Geek; registered Linux user #243621
HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here.
All logos and trade names are the property of their respective owners.