How much are they worth???.

I Noticed this week several advertisements for Goods On Sale---.

T/V'S - £499 NOW £299.

BEDS -£999 NOW £399.

COMPUTERS - £499 NOW £299.

HOUSEHOLD FURNITURE £999- NOW £499 just to mention a few.

They must have been making a fantastic profit before the sales..
How much are these goods actually worth..

 

they are worth what you are prepared to pay for them

I'm an auction man .... I'd rather buy an antique victorian solid oak wardrobe at auction for £90 than go to Ikea and buy a chipboard wardrobe for £500 then still have to build it

if you cannot collect, they will supply you with the phone number of a man with a van .... £30 gets it delivered and carried up the stairs

visit your local auction house when buying goods .... even modern goods go for a song (TV's, hifi's, washing machines, hoovers, dining room suites etc) ... even good quality cars

many people and companies go bankrupt and their goods are sold at auction houses

I never ever buy new anymore ... we have an Emmaus charity store nearby ... thats my 1st port of call

and many auction houses have the option to bid via phone .... check the website, ask for a conditional report, then ask them to phone you when the item comes up for auction if you cannot attend ... then collect and pay at your convenience

 

Music , .. hard to say how much money the goods are really worth .. there are a lot of sales on at the moment, with shops all wanting your hard earned cash .. as far as TVs go i would never buy a cheap one as you only get what you pay for and a lot of the cheapish TV s are discontinued models that are no longer popular and have no bells and whistles so be care full ..beds and furniture are ok as long as its what you want obviously .. it does make you wonder how much we are being ripped off by some shops by the amount they can reduce their stock items and still make a profit .. buyer beware i suppose .. Micky

 

In my opinion they are worth not what you are willing to pay for them, but what others are willing to pay for them. It's other buyers who set the price, not you - go an auction and find out.

 

if the others are willing to pay more than what you are prepared to pay, then it's not worth buying it

 

Haven't you got it the wrong way round? (especially being an ex-dealer). Surely if you have to buy stuff that others are only willing to pay less for than you've paid you're on a real loser?

 

no .... because I always buy cheap and there are always people like you who will pay premium prices (from people like me)...

it's called 'business' ... you are happy because you 'think' and 'believe' that you got a bargain ....

and if I pay premium price and load it by 40% .... and if you then buy it from me, you still believe that you have bought a bargain (otherwise you would not buy it?)

and I'm happy because I made a healthy profit and am ecstatic because I made you happy ... so, at the end of the day, we are both happy

if you understand this concept, you will be good at business

:D

 

You keep contradicting the above quote, and also keep missing the significance of it. Over and out....

 

not really ... I just think I'm not making myself clear (I don't think in English) ...

but to try simply it even further....

the only significance is that there are 2 partys involved in a transaction .... a buyer and a seller

a seller very seldom sells for less than what he has paid ... and a buyer seldom pays more than what he deems the item to be worth

both parties win at the end of the day as both are happy

and only 1 party gets often ripped off .... and it's not the seller

I cannot explain in simpler terms ... thats called business

 

I'll quote you 'one more last time':

What you are saying is that if others are willing to pay more than you have bought for less, then it's not worth buying.

That makes an complete nonsense of commercial dealings. If you buy and sell for more , you make a profit, simples.

 

don't understand what you are saying, but am glad we have someone on GC with excellent business acumin (a business guru)

now can you teach me some gardening tricks?
:WINK1:

 

To me:

TV - About £30
Bed - About £450 (with mattress)
Computer - About £50

Its about how much you are willing to pay. I'm not that bothered about telly, which is why we still have the same chunky telly that we've had for over 5 years now. It is a CRT telly. For the benefit of the younger folks, a CRT (cathode ray tube) is an ancient technology that used a combination of extremely high voltage and black magic to project a picture onto the inside of large glass bottle.

I'm not too bothered about about a new computer. Second hand ones that are a few years old are powerful enough for my needs at home, and at work the company supplies the kit.

A bed is important. No matter what else is going on in the world, or in your life, you need to sleep well.

In commerce, when setting a price, lots of very clever mathematics and statistics come into play. Its about supply and demand and a concept called linear programming. If you sell cheap you'll sell more, but profit per unit is low. If you sell expensive you sell less, but profit per unit is more. Somewhere in between, you get the optimum price that offers a good volume of sale and a good profit per unit. At that point, you've got the retail sale price. Lots of factors affect that optimum price. One very significant factor being the average disposable income of your target demographic. As the average disposable income drops, or when a trend develops that suggests people might be less willing to part with their cash (such as, say, the EU is meltdown), then the optimum retail price drops.

 

Thing is, they can say it was what ever price they like. for example

was £1,000.00 sale price now £350.00

Just because it was offered at 1k, does not mean to say anyone actually brought one at that price. eg

Oh you want one well, we have a "special discount" this week its yours for £300.

Yes, I know, its more in the sale than before it went in the sale, life is like that.

 

Q - How much is this worth?



A - 1.1 million dollars, but perhaps not so much now. Wonder how much it'll be reduced to.