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Tobacco Discussion Forum
I'm all for a free market and the laws of supply and demand
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<blockquote data-quote="SkagitSmoke" data-source="post: 396203" data-attributes="member: 2820"><p>I'm going to throw a little fuel on the fire here. I normally avoid controversy but I'm pretty passionate about pricing and value.</p><p></p><p>I have absolutely no problem at all with what they've done on BS or the Esoterica blends. In fact, I'd do the same thing. I am a firm believer in pricing for value. There are customers happy to pay the higher price but don't want to religiously check every hour to see if Stonehaven has come in. The best business transactions have an equal exchange in value between the customer and the seller. </p><p></p><p>Look at wine for example. It's common place for wines at the grocery store to vary from $3 to $30 to $300 or more. The cost to make the $300 bottle isn't significantly more than the cost to make a good $30 bottle. Why shouldn't tobacco be any different?</p><p></p><p>I'm in the process of raising my prices in my CPA practice because I have more work than capacity. I'm already more expensive than others in my area. I may lose some customers because of price but this allows me to better serve the ones that stay. My costs aren't changing as a result. Am I scared to do this? A little but this will allow me to provide more value to my existing customers and more value to my family.</p><p></p><p>To take this one step further, I believe manufacturers of these blends are insane not to raise their prices to reflect the demand. If people don't buy, lower your prices. But it's unfair to the stakeholders to give up so much value. If I worked at Esoterica, I'd be pissed to see the company not price their blends accordingly and pay me some of that value.</p><p></p><p>** Full disclosure: I have never bought or smoked Esoterica blends. I shop for a good deal. There's so many great blends to try that I'm happy to wait.</p><p></p><p>Time to put on my flame retardant suit and hide. :twisted:</p></blockquote><p></p>
[QUOTE="SkagitSmoke, post: 396203, member: 2820"] I'm going to throw a little fuel on the fire here. I normally avoid controversy but I'm pretty passionate about pricing and value. I have absolutely no problem at all with what they've done on BS or the Esoterica blends. In fact, I'd do the same thing. I am a firm believer in pricing for value. There are customers happy to pay the higher price but don't want to religiously check every hour to see if Stonehaven has come in. The best business transactions have an equal exchange in value between the customer and the seller. Look at wine for example. It's common place for wines at the grocery store to vary from $3 to $30 to $300 or more. The cost to make the $300 bottle isn't significantly more than the cost to make a good $30 bottle. Why shouldn't tobacco be any different? I'm in the process of raising my prices in my CPA practice because I have more work than capacity. I'm already more expensive than others in my area. I may lose some customers because of price but this allows me to better serve the ones that stay. My costs aren't changing as a result. Am I scared to do this? A little but this will allow me to provide more value to my existing customers and more value to my family. To take this one step further, I believe manufacturers of these blends are insane not to raise their prices to reflect the demand. If people don't buy, lower your prices. But it's unfair to the stakeholders to give up so much value. If I worked at Esoterica, I'd be pissed to see the company not price their blends accordingly and pay me some of that value. ** Full disclosure: I have never bought or smoked Esoterica blends. I shop for a good deal. There's so many great blends to try that I'm happy to wait. Time to put on my flame retardant suit and hide. :twisted: [/QUOTE]
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I'm all for a free market and the laws of supply and demand
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