• Register
  • Help
Page 1 of 2 12 LastLast
Results 1 to 10 of 13

Topic: An improved GROUP BUYING scheme

Share/Bookmark
  1. #1
    andyt
    Guest

    An improved GROUP BUYING scheme

    I suspect a lot of people will plunge for the PMI Old Lady now that it has "safely" reached 81. Which means the the people who "risked" buying at the lower discount points ... bore the risk for no significant advantage. From now until 6th December, it essentially an ordinary sale.


    If Michael had said "we will limit the number on sale to 90" ... then I think the 81 figure would have been reached even faster. Some people's thinking would have changed from "well, I'll buy if it reaches 81" to ... "I can't risk missing out on this. I'll jump in sooner, rather than later".

    Another option would be to have the discount start to reduce AFTER the upper limit had been reached ... but just for those people who agreed to jump on AFTER 81.

    so
    40 to 60 = 50%
    60 to 80 = 60%
    80 to 90 = 55% (for the late arrivals)
    90 to 100 = 50% (for the very late arrivals) ... or whatever


    The upside would be that I think more people would jump to buy sooner, rather than later .... and the optimal price would have a greater chance of success. The early buyers would be rewarded with the best price ... but the late arrivals might still be attracted to a very decent bargain... but just not rewarded as much becuase they didn't take as much "risk".

    OOooooh. Think of the mind games.


    But then again, maybe this is a solution in search of a problem.

  2. #2
    andyt
    Guest

    Re: An improved GROUP BUYING scheme

    In terms of sales psychology, you'd be playing to both people's greed and fear.

  3. #3

    Re: An improved GROUP BUYING scheme

    The system appears to be working for now, unfortunately (for me) the products that I am after have not come up!

    You have to look at it like this:

    The first guys who are going to put their money down are people who would have bought the thing anyway at no discount, so for them it's a win-win situation. The late comers are people who would have not bought the product at the original price no matter what, they could only afford it at the heavily discounted rate.

    So as the saying goes....if it ain't broke, don't fix it!
    >>Kays
    http://www.musicbykays.com
    Music Composition for Feature Films, Television and Interactive Entertainment

  4. #4

    Re: An improved GROUP BUYING scheme

    I agree. I would not have normally purchased the Old Lady at any cost due to the fact that I don't really need it (or really justify the purchase.) However, I'm the kind of person that can't resist great deals like this especially on such quality products. So when I saw it heading toward 80 bucks, well, the credit card came out and now I'm one piano library richer.

  5. #5

    Re: An improved GROUP BUYING scheme

    Don't punish people just bacuase they are not reading the threads every single day. There is a one month limit, and whoever was the very first one to sign up did not risk anything at all ! He just wanted to buy this product. Think about the person who purchased at full price just one day before this group buy, did he risk anything buying at full price ?
    Well said : not broken, don't fix it
    regards

  6. #6

    Re: An improved GROUP BUYING scheme

    Quote Originally Posted by Joseph Burrell
    I agree. I would not have normally purchased the Old Lady at any cost due to the fact that I don't really need it (or really justify the purchase.) However, I'm the kind of person that can't resist great deals like this especially on such quality products. So when I saw it heading toward 80 bucks, well, the credit card came out and now I'm one piano library richer.
    I'm in this group as well. I just bought the Bos 290 in the PMI stock clearing sale but $80 for the Old Lady seems like such a good deal I'll probably jump on board too.

  7. #7

    Re: An improved GROUP BUYING scheme

    It seems to me that this is a group offer to the NS community and should therefore be open to all that wish to join.
    I remain solely responsible for the content of my messages, and agree to indemnify and hold harmless northern sound source, and their agents with respect to any claim based upon transmission of my message(s). Rock on.

  8. #8

    Re: An improved GROUP BUYING scheme

    Quote Originally Posted by midphase
    The first guys who are going to put their money down are people who would have bought the thing anyway at no discount, so for them it's a win-win situation. The late comers are people who would have not bought the product at the original price no matter what, they could only afford it at the heavily discounted rate.
    This is the classical economic example of a "Demand Curve", where different individuals each have their unique "buy price".

  9. #9

    Smile Re: An improved GROUP BUYING scheme

    Exactly my thought as well!! Leave it as it is.


    Quote Originally Posted by midphase
    You have to look at it like this:

    The first guys who are going to put their money down are people who would have bought the thing anyway at no discount, so for them it's a win-win situation. The late comers are people who would have not bought the product at the original price no matter what, they could only afford it at the heavily discounted rate.

    So as the saying goes....if it ain't broke, don't fix it!

  10. #10

    Re: An improved GROUP BUYING scheme

    I'm wondering if there isn't some misunderstanding of the group buy scheme. Everybody pays the same price,. it doesn't matter when you plunked down your money. In the case of the PMI group buy, if I have this figured out correctly, everyone pays $80 up front. When the group buy is over if they hadn't had a sufficient number of subscribers the difference between $80 and the final price would be charged. Since $80 is the final price no additional charges will be made. Am I misunderstanding something here?

    Steve

Go Back to forum

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •