On 11/14/2014 10:44 AM, Ralph Mowery wrote:


I am sure people have been looked at in many years over the years. To
someone like me that has not, it seems difficult to know what drives people
to buy things. I know a small farmer that had some produce for sell at a
flea market. At 25 cents he could not sell any, but as soon as he took that
sign down and made it 3 for a dollar he started selling the same thing.
Peopel would pay more ,but probably thought they were getting a bargain.

Everyone know that the three for a dollar stuff is better quality than
the quarter stuff.

I've seen that happen over they years. I've seen it with industrial
products too. A certain tape for cartons was $1 a roll. A guy started
making it and could profitably sell it for half that, but had no takers.
He increased the price to 75¢ and got orders. Eventually sold the
company at a nice profit too. .