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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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#1
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DIY store prices
On Dec 12, 12:38*pm, Andy Cap wrote:
The prices *that always amazes me are the packs of about ten screws or bolts. They are absolutely exhorbitant. I think a pack of 10 bolts and wing nuts was 3.99. It costs much the same to sell a bag of cheap things no matter how little or how very little they cost. Bolts are inherently very cheap. Shops cost much more to run. They're also mostly selling to people who buy bolts very rarely, and only when they need one right that minute. However years of market research in shops shows that people who have no idea what something costs will pay any price (realistic or unrealistic) so long as it's under a floor level (probably a fiver these days) as they need one anyway and they have no idea what it ought to cost. However if you offer them a box of many more for the same price, they'll see this as _more_ expensive, because all that they really do understand is that they need six, don't mind ten, but see a hundred as a vast and expensive over-supply of them. This is true even when a hundred costs less than ten, because the "hundred shop" is simply far cheaper. |
#2
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DIY store prices
Andy Dingley wrote:
On Dec 12, 12:38 pm, Andy Cap wrote: The prices that always amazes me are the packs of about ten screws or bolts. They are absolutely exhorbitant. I think a pack of 10 bolts and wing nuts was 3.99. It costs much the same to sell a bag of cheap things no matter how little or how very little they cost. Bolts are inherently very cheap. Shops cost much more to run. They're also mostly selling to people who buy bolts very rarely, and only when they need one right that minute. However years of market research in shops shows that people who have no idea what something costs will pay any price (realistic or unrealistic) so long as it's under a floor level (probably a fiver these days) as they need one anyway and they have no idea what it ought to cost. However if you offer them a box of many more for the same price, they'll see this as _more_ expensive, because all that they really do understand is that they need six, don't mind ten, but see a hundred as a vast and expensive over-supply of them. This is true even when a hundred costs less than ten, because the "hundred shop" is simply far cheaper. Yes, that all makes sense. I will part with my next £3.99 with a cheerier heart ! |
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