Bio Engineer Archive
Thread: Some BE-WalMart openend right next door *sighs*
thats a problem in every prof... I kept my prices the same, but ensure my vendor was ALWAYS stocked... The other guy would take the multitude of ignorant customers and their questions... I would usually be left with people that asked thier questions from him, but his vendor was out of stock! so while he sells 10 items to my one he may make a litlle more then me, but I invest much less time and make a very decent profit...
So let walmarts and kmarts come and go... Saks will last forever... *so far I have seen kmarts and montgomery wards go out of business b the dozens, but the saks is still running strong...*
MissileToad wrote:They'll burn out, you'll see! I garauntee you that you will be the last BE standing by making superior pets with a business sense.
/agree
in the long run its impossible for him to supply the markets demand with thoose kind of prices. unless its an guild made up of 10 people DNA sampling and one MBE who makes the pets. Then i can understand that he can dump the prices.
Wal-mart works provided you have a decent business plan and aim for the correct 'niche' market.
I got my 'starting capital' by producing mid-quality stims and selling them in bulk. I didn't compete with themass of people producing high quality stims and concentrated on keeping production costs to a minimum and volumes high.
The question is - do you go for small numbers of premium 'product' or large amounts of not-so-good product ("pile it high and sell it cheap")? Both ways work, either way your business plan is critical.
Of the two strategies,the low-volume premium market is easier since your profit margins are much higher. At the 'budget' end of the market profit margins are tight and the only way to make money is to keep production costs to an absolute minimum and produce in massive volumes. This is why most 'Wal-marts' are fly-by-night affairs - the people who run them don't usually have the skills to turn a decent profit from them.
the best way to remedy this is to go out and make some connections... i've given away free pets, discounts, free pet stims
i always send e-mails to whoever buys from my vendor saying thanks
i'm always very patient with special orders and try as hard as i can to give them what they want
i just got into a business arrangement with a chef and will be selling mostly all my food additives to her exclusively
and my vendor's in the middle of rori lol