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Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 2:25 pm
by Noggin
636mick wrote: Sat May 17, 2025 1:46 pm
Google says that’s a cheap one, they are all £89 upwards
There’s one on eBay for about £45.
I’m no help at all really!
Mick
I did look at that one and am trying to resist!!! Can send it to my mate near Bath to keep until I have my place!! LOL
Mr. Dazzle wrote: Sat May 17, 2025 2:06 pm
The old explanation innit. If people buy em for £89 they're worth £89.
I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 3:06 pm
by Mr. Dazzle
I feel like you may be overestimating the market for tea pots which look like syrup tins.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 4:15 pm
by Horse
Noggin wrote: Sat May 17, 2025 2:25 pm
Mr. Dazzle wrote: Sat May 17, 2025 2:06 pm
The old explanation innit. If people buy em for £89 they're worth £89.
I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??
Conversely, people prepared to pay £85 may be happy to pay £89.
In which case, they get more profit without any extra associated production costs.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 4:47 pm
by Noggin
Mr. Dazzle wrote: Sat May 17, 2025 3:06 pm
I feel like you may be overestimating the market for tea pots which look like syrup tins.
Probably!! I'm pretty peeved it was so expensive
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 9:33 pm
by Saga Lout
Noggin wrote: Sat May 17, 2025 2:25 pm
I get that, but how many more would they sell at a more reasonable price? I mean sure, if ten people buy at £85, that makes it worth £85 to ten people - in all honesty, they'd probably sell 2, 3 or 4 times as many at £50 !! Surely that makes more sense ??
That depends how much they cost to make. E.g. if they cost £39 to make, £89 is £50 profit. They’d need to sell 5 at £49 each to make the same profit.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 10:11 pm
by Wossname
That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 10:59 pm
by Horse
Wossname wrote: Sat May 17, 2025 10:11 pm
That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.
When we ran the 'Born Again' courses, they were quite successful, at £39.
We were based at a BMW dealership. The salesman said "You need to increase your prices".
"£45?" I asked.
"No, double it."
So we compromised on £59. No-one ever quibbled.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sat May 17, 2025 11:17 pm
by Cousin Jack
Horse wrote: Sat May 17, 2025 10:59 pm
Wossname wrote: Sat May 17, 2025 10:11 pm
That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.
When we ran the 'Born Again' courses, they were quite successful, at £39.
We were based at a BMW dealership. The salesman said "You need to increase your prices".
"£45?" I asked.
"No, double it."
So we compromised on £59. No-one ever quibbled.
Reminds me of the (probably apocryphal) story of Thomas Beecham of Beecham's Pills fame. He is supposed to have costed them out to about 2d a box. and planned to sell them for 3d. Someone advised him to put the price up to about 1/6d and advertise them as 'worth a guinea a box'. He became a millionaire.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 9:34 am
by Noggin
Cousin Jack wrote: Sat May 17, 2025 11:17 pm
Horse wrote: Sat May 17, 2025 10:59 pm
Wossname wrote: Sat May 17, 2025 10:11 pm
That’s a lesson you learn in business - when times are hard, don’t lower your prices in the hope of making more money. You’ll need to sell a lot more of what wasn’t selling to make as much as before.
When we ran the 'Born Again' courses, they were quite successful, at £39.
We were based at a BMW dealership. The salesman said "You need to increase your prices".
"£45?" I asked.
"No, double it."
So we compromised on £59. No-one ever quibbled.
Reminds me of the (probably apocryphal) story of Thomas Beecham of Beecham's Pills fame. He is supposed to have costed them out to about 2d a box. and planned to sell them for 3d. Someone advised him to put the price up to about 1/6d and advertise them as 'worth a guinea a box'. He became a millionaire.
Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 10:15 am
by Wossname
Noggin wrote: Sun May 18, 2025 9:34 am
Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???
The “1” is 1 shilling, which is 12d (pence), so 1/6 is 18d, which is a lot more than 3d.
Aside: why is “d” pence?
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 10:21 am
by Noggin
Wossname wrote: Sun May 18, 2025 10:15 am
Noggin wrote: Sun May 18, 2025 9:34 am
Can you translate how 1/6d is more than 3d for those of us too young to have remembered old money ???
The “1” is 1 shilling, which is 12d (pence), so 1/6 is 18d, which is a lot more than 3d.
Aside: why is “d” pence?
Thank you. I still don't understand exactly, but at least I know that 1/6d isn't one sixth of a dence - I mean pence
How many d in a guinea ??
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 10:32 am
by Mr. Dazzle
Wossname wrote: Sun May 18, 2025 10:15 am
Aside: why is “d” pence?
Presumably something Latin?
ISTR the pound sign is actually a highly stylised L too.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 10:37 am
by Count Steer
Mr. Dazzle wrote: Sun May 18, 2025 10:32 am
Wossname wrote: Sun May 18, 2025 10:15 am
Aside: why is “d” pence?
Presumably something Latin?
ISTR the pound sign is actually a highly stylised L too.
lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though
).
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 10:48 am
by Saga Lout
Mr. Dazzle wrote: Sun May 18, 2025 10:32 am
Wossname wrote: Sun May 18, 2025 10:15 am
Aside: why is “d” pence?
Presumably something Latin?
ISTR the pound sign is actually a highly stylised L too.
I wouldn't call drawing a line or two across an L "highly stylised", but yes, it is..
Wikipedia
BTW The pound weight abbreviation (lb) is also from the same Latin.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 1:19 pm
by Cousin Jack
Count Steer wrote: Sun May 18, 2025 10:37 am
Mr. Dazzle wrote: Sun May 18, 2025 10:32 am
Wossname wrote: Sun May 18, 2025 10:15 am
Aside: why is “d” pence?
Presumably something Latin?
ISTR the pound sign is actually a highly stylised L too.
And a guinea is 21 shillings.
lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though
).
I think it is libra, sistertia and denarii. But I could be wrong too.
And a guinea is 21 shillings
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 1:31 pm
by Noggin
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 1:40 pm
by Horse
'Furlongs'
Then have a look for rod, pole, chain, perch, etc.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 1:47 pm
by Mr. Dazzle
Noggin wrote: Sun May 18, 2025 1:31 pm
Cousin Jack wrote: Sun May 18, 2025 1:19 pm
Count Steer wrote: Sun May 18, 2025 10:37 am
And a guinea is 21 shillings.
And a guinea is 21 shillings
Blimey - can't imagine why money was decimalised
TBF the old system does make more sense if your doing it all in your head, because things divide/multiply by 2, 6 and 12 much more readily than they do into 10.
Decimal makes far more sense for electronic money though. Ironically though the first thing computers do is convert it into base 2.
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 2:50 pm
by Count Steer
Cousin Jack wrote: Sun May 18, 2025 1:19 pm
Count Steer wrote: Sun May 18, 2025 10:37 am
Mr. Dazzle wrote: Sun May 18, 2025 10:32 am
Presumably something Latin?
ISTR the pound sign is actually a highly stylised L too.
And a guinea is 21 shillings.
lsd, something like lire, sistertia, denarii from vague memory. Pretty sure about the d though (could still be wrong though
).
I think it is libra, sistertia and denarii. But I could be wrong too.
And a guinea is 21 shillings
I think you're right.
I was told that the idea of a guinea came into being as the extra shilling was the auctioneers cut particularly when selling hosses. That's why hoss races are sometimes the 1000 guineas etc. It's half true, but a guinea coin had existed for a long time before that.
Those were the days when auctioneers only took 5%!
Re: Insignificant/ Significant things that BYP or just wind you up a little
Posted: Sun May 18, 2025 2:54 pm
by Rockburner
Mr. Dazzle wrote: Sun May 18, 2025 1:47 pm
Noggin wrote: Sun May 18, 2025 1:31 pm
Cousin Jack wrote: Sun May 18, 2025 1:19 pm
And a guinea is 21 shillings
Blimey - can't imagine why money was decimalised
TBF the old system does make more sense if your doing it all in your head, because things divide/multiply by 2, 6 and 12 much more readily than they do into 10.
Decimal makes far more sense for electronic money though. Ironically though the first thing computers do is convert it into base 2.
I was looking into this the other day actually, doing decimals in binary is really hard.
