Warning about package deal....

dereksbicycles

dereksbicycles

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I offered 4 stationary bikes for $400. You see, this averaged to $100 per bikes. A customer wanted only 1 bike. This person wanted the best bike of the package. The person offered $100. They thought they were entitled to get it for $100. No, that is wrong!! I would always sell 1 bike for $125 or $150 if I wanted to. Is that ok? There is a reason why I offered a package deal. Why cannot people realize that. The person complained on and on about how they were screwed and didn't bother to buy from me. Crazy customer!!!
 
Big time brands do that, so why can't you? That customer is rude for yelling at you like that.
 
For example, you could buy 3 different iPhone cases from Otterbox in one package for $150, which is $50 a case. If you wanted the blue one only, it would cost around $75.
That's just something I came up with, but I've seen LOTS of companies doing it. You are well within your rights to do the package deal, otherwise almost every company would be in serious trouble.

*EDIT- and plus, the bike's in YOUR possession... You can sell it for how much you want, any way you want to!
 
Oink said:
For example, you could buy 3 different iPhone cases from Otterbox in one package for $150, which is $50 a case. If you wanted the blue one only, it would cost around $75.
That's just something I came up with, but I've seen LOTS of companies doing it. You are well within your rights to do the package deal, otherwise almost every company would be in serious trouble.

*EDIT- and plus, the bike's in YOUR possession... You can sell it for how much you want, any way you want to!
Click to expand...

Yeah. They're in my possession. I may take the package deal off the table and put them up individually.

I like that iphone analogy. Thank you for sharing that one :).
 
Yes, that is OK to ask any price you want for your bike and like someone said big companies do this all the time , look at Comcast and Verizon, they have packages all the time.
 
In my experience, on this topic, people are rude, stupid, or both. Often both. They will always try and "do the math" without any sense of the benefits they are receiving, that may not transfer to different situations. Like the discount you're offering for bulk purchases. They will also try to bargain in ways that don't always seem very respectful - it can be stressful to deal with, if you're not wired for that kind of stuff. (I am not.)

One of the things I've done to try to head that stuff off is to actually list what my prices would be if they didn't buy the whole batch:

Buy 1 for $150.00
Buy 2 for $270.00 ($135 each)
Buy 3 for $360.00 (120 each)
Buy all 4 for $400 ($100 each!)

This has the added benefit of emphasizing the deal they're getting (oooh look if I buy all four I'm saving...) It also creates a point of reference if they choose to try and haggle with you. They know what you expect for a single purchase.

I've had the same experience with time. If I'm offering a service, say charging $40.00 per hour, someone might contact me and say "can I buy 1/2 hour?" From their perspective, it may seem that a half hour should cost $20.00, since they're getting half of what would cost them $40. But I have to deal with all the scheduling, maybe travel, and any other headaches that come up, and that might not be worth $20.00 for me. So if I want to head that off I should probably write a listing like

1 hour $40
1/2 hour $25

(I actually often don't, because I don't really want to do half hour sessions. I make exceptions, but I don't want to encourage people to ask. If I was getting a whole lot of requests though, I'd probably include that price schedule in my ads.)

One funny experience I had was in dealing with low priced items. I don't really want or expect to get much for the item itself, but if I have to be here to meet the person, I don't want to do that for less than $10.00. So I've at times been on the verge of writing an ad like:

1 for $10.00
2 for $10.00 ($5.00 each)
3 for $10.00 (~$3.33 each)
or get all 4 for $10.00! ($2.50 each)

So basically, show up, give me $10.00, and take as many as you want.

You will still have morons who will look at the best deal and try to do the math ("uh, can I buy one for $2.50?") But I think it at least happens alot less.
 
Last edited:
dereksbicycles said:
I offered 4 stationary bikes for $400. You see, this averaged to $100 per bikes. A customer wanted only 1 bike. This person wanted the best bike of the package. The person offered $100. They thought they were entitled to get it for $100. No, that is wrong!! I would always sell 1 bike for $125 or $150 if I wanted to. Is that ok? There is a reason why I offered a package deal. Why cannot people realize that. The person complained on and on about how they were screwed and didn't bother to buy from me. Crazy customer!!!
Click to expand...

I'm curious, did you mention that bike is cost $125 each, but selling 4 bike-package for $400?

Not a while ago, I tried to sell my used PC components (processor, motherboard, memory, and processor liquid cooling) for $300 - which is fair price - at iRacing forum and I mentioned that I refused to sell separately. Then one guy tried to get me to sell him processor and memory. I told him if I sold him processor and memory, I will have a hard time selling rest of them. He even offered me $200 for two items - it's fair price, but I rather sell whole thing at once. Fortunately for me, other guy wanted to buy whole thing for $300.
 
JMH said:
I'm curious, did you mention that bike is cost $125 each, but selling 4 bike-package for $400?

Not a while ago, I tried to sell my used PC components (processor, motherboard, memory, and processor liquid cooling) for $300 - which is fair price - at iRacing forum and I mentioned that I refused to sell separately. Then one guy tried to get me to sell him processor and memory. I told him if I sold him processor and memory, I will have a hard time selling rest of them. He even offered me $200 for two items - it's fair price, but I rather sell whole thing at once. Fortunately for me, other guy wanted to buy whole thing for $300.
Click to expand...

I did mention in my ad that I would work out something if they wanted individual bikes. I did not tell the prices. Just that I would be happy to work out individual deals. They wanted the best bike. I was asking between $75-150 per bikes. 2 for $150 each. 1 for $125. 1 for $75. So you can see why I wanted to give a great deal on a package deal.
 
Isn't the point of sales to convert physical items/services into cold hard cash? You might be generally right to seeka profit margin that suits you, but sales won't always happen that way. It's a mix of psychology (what conditions will most likely have them make a purchase.) . and economics (What price range meets psychological conditions.) So yeah as an individual seller a d like that of a pawn broker, to make a sale, you've got to figure these things out on a constant basis. This is my viewpoint, but good luck finding a method that works.
 
amylynne said:
In my experience, on this topic, people are rude, stupid, or both. Often both. They will always try and "do the math" without any sense of the benefits they are receiving, that may not transfer to different situations. Like the discount you're offering for bulk purchases. They will also try to bargain in ways that don't always seem very respectful - it can be stressful to deal with, if you're not wired for that kind of stuff. (I am not.)

One of the things I've done to try to head that stuff off is to actually list what my prices would be if they didn't buy the whole batch:

Buy 1 for $150.00
Buy 2 for $270.00 ($135 each)
Buy 3 for $360.00 (120 each)
Buy all 4 for $400 ($100 each!)

This has the added benefit of emphasizing the deal they're getting (oooh look if I buy all four I'm saving...) It also creates a point of reference if they choose to try and haggle with you. They know what you expect for a single purchase.

I've had the same experience with time. If I'm offering a service, say charging $40.00 per hour, someone might contact me and say "can I buy 1/2 hour?" From their perspective, it may seem that a half hour should cost $20.00, since they're getting half of what would cost them $40. But I have to deal with all the scheduling, maybe travel, and any other headaches that come up, and that might not be worth $20.00 for me. So if I want to head that off I should probably write a listing like

1 hour $40
1/2 hour $25

(I actually often don't, because I don't really want to do half hour sessions. I make exceptions, but I don't want to encourage people to ask. If I was getting a whole lot of requests though, I'd probably include that price schedule in my ads.)

One funny experience I had was in dealing with low priced items. I don't really want or expect to get much for the item itself, but if I have to be here to meet the person, I don't want to do that for less than $10.00. So I've at times been on the verge of writing an ad like:

1 for $10.00
2 for $10.00 ($5.00 each)
3 for $10.00 (~$3.33 each)
or get all 4 for $10.00! ($2.50 each)

So basically, show up, give me $10.00, and take as many as you want.

You will still have morons who will look at the best deal and try to do the math ("uh, can I buy one for $2.50?") But I think it at least happens alot less.
Click to expand...
All I got is a dollar, would that work? Or would you rather have 4 quarters?
 
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