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I prefer a top of a line Honda over a base model BMW. Does that make me cheap or practical? Both I guess. To date, I’ve only had Wagyu beef once in my life time and I recalled it costing about $200 just for my plate alone, which I got to share w some old college buddies just to cross it off our Bucket lists. The thing problem is it’s a big risk because you’ll never know if you like it or not till after you’ve ordered it.
However, I’ve eaten regular steaks at Morton’s and ribs at Lucille’s much more frequently. So there’s the rub. The amount of money I’ve spent on frequenting favorite eateries monthly far exceeds my bucket list once in a lifetime Wagyu experience.
I’m a mere mortal and am certainly no super celebrity who can afford to dine on Wagyu beef so often that the experience becomes trite.
Sometimes I enjoy the simple things much like someone enjoys comfort foods when they need to decompress or escape the banality of work or life.
Then again, sometimes I’m also in a mood for a no frills good variety Vegas Wynn Buffett (best lamb meat imho).
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I will also use a food related example. When I go to Riverside there is one of the cheapest, yet surprisingly good Korean bbq place called Red Castle. $16 for AYCE on their 2nd tier! The quality is decent and ur guaranteed to get full with 3 steak option among their meat choices. However, every now and then, I go to Gyu Kaku for higher quality meat. It starts at $32 and $42 for their mid tier. I prefer Gyu Kaku even though it is more expensive and feel that it is worth the extra cost. So yes, I save money when I can, but I am definitely willing to pay for quality.
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I have often found that high price does not always equal high quality.
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Thank you so much for these well thought out responses!!!
So to further this question...
If something appears to be extremely high quality.
Great product reviews.
Low pricing.
Overall seems to be true, are you almost always willing to try your luck and pull the trigger
at least once?
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I don't have a problem paying for luxury or quality items But sometimes/often item being sold as luxury or quality is just creative marketing.
For me to try a
Great product reviews.
Low pricing
i'd need to be in the market for the item and unfortunately my preferred quality products are no longer available these experiences pretty much set the standard for me.
“The bitterness of poor quality remains long after the sweetness of low price is forgotten.”
― Benjamin Franklin
its all subjective
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Wow!!!!
Well said tosmall! That was an amazing analogy in many of are minds but never had the verbal skill to put in Words. Thank you for that!
And not to take anything away from those that provide “quality” or seek “quality”.
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all the beef in the market is priced at $15.95 a pound. Talk about gougers
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It depends who is making the value assessment of the asset.
The person selling the asset may value it more than a prospective purchaser.
The prospective purchaser might see a very similar asset to that for a more reasonable price and may more than likely go with that.
It just makes sense..... Business 101.
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Heidi - yes I would.
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I am a big firm believer that you get what you pay for but sometimes I can be a cheapskate and do not want to pay premium price for the luxuries 🥴
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Good post from the Dude. I bet the OP is a deal seeker, too. Who isn't? People with $$$ to
spend are among the biggest deal seekers, that's why and how they hold onto their $$$. It's a rarity that someone's going to walk into a car dealership and pay the sticker price without negotiating.
A business owner can set their prices. If people don't think it's worth it they won't come or they will stop coming and the biz owner may have to adjust their prices if they want to stay in biz.
If you're selling the same commodity that everybody else is selling, which is often the case, people don't see a reason to pay more and aren't going to. You may get the occasional person that will pay more, but you cant set that as the standard and expect the same from everybody else.
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2020 rav4 hyrbrid, is it possible to pay less than the msrp?
Some dealers in my area, are charging a premium.
I always thought buying a car had wiggle room for negotiations.
any thoughts
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It’s all in the analogy used .
As a former restaurant owner, I do abide by the following axiom that every establishment is entitled to set their own fares w/o having to deal with vagabonds browbeating to get a Morton’s steak for the price of a Sizzler’s flank. If you want Sizzlers, then go to Sizzlers. If you want Morton’s, then go to Morton’s.
I’m sure not everyone will see it this way as some people’s view/analogy is more of a Persian Bazar or Asian Night Market where everything gets haggled. I think that’s where feelings get hurt and businesses/restaurants feel slighted. Neither analogy is wrong but restauranteurs need to decide if they prefer dealing w inquiries/customers that don’t reply back, or clientele that likes to banter back and forth like it’s a form of foreplay or Costco sampler before they buy the pack of frozen hot pockets.
It’s brutal out here. The competition is stiffer than the 50% off mom and pops beef pho restaurants duking it out in Little Saigon. Good thing there are plenty of pho luvers to go around.
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a310, I think there’s a Costco car dealership website and also an American Express website that lets you pick the car you want and several dealers in your area will email you a price.
For some reason I recalled that either the American Express website was cheaper or have a faster quote than Costco’s? That was about 5 years ago. I also recalled that you didn’t need to be an American Express card member to use their car sales website? Things may have changed but both are worth looking into.
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i always get new cars for LESS THAN MSRP out the door. NEVER ever close to MSRP before TAX and LICENSE.
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Basic SPAM with Ramen Noodles
30 min 6 servings 7 ingredients
Ingredients
3 (3-ounce) packages Ramen noodles soup, chicken flavor
1 (12-ounce) can SPAM Classic, cubed
1 tablespoon olive oil
2 cups broccoli florets
1/2 cup yellow bell pepper, diced
1/2 cup cherry tomato halves
2 tablespoons House of Tsang sweet chili dipping sauce
Directions
1.Cook noodles according to package directions, including seasoning packet. Drain and discard liquid and set noodles aside.
2.In large skillet, brown SPAM 2 to 3 minutes. Remove from skillet. Heat oil over medium heat.
3.Sauté broccoli and bell pepper 3 to 4 minutes or until crisp tender. Stir in tomatoes, sweet chili sauce and reserved noodles, tossing to coat. Stir in SPAM
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It's always so scary to get out of your comfort zone...
I guess I'll never know until I put myself through the experience, right?
It's always testy when $$$ is involved.
Thanks for all of the responses I always love reading from you brainiacs!
PPS: when I go car shopping, I'm handcuffing one of you to bring along so I don't
get screwed!
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^^^ Then what’s in it for us 😩
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I've overpaid for a lot of shit in my life. Was disappointed 80% of the time. I quit buying into that bullshit a long time ago.
Slapping a high price tag on something to give the air of quality or exclusivity is a game for suckers.
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@mike - what's in it for you? UHHHH being handcuffed to Heidi 😂
& I might but you ice cream if you can help me not get suckered in by a slick
talking salesman.
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I love ramen noodle's lmao
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consumers want VALUE for their hard earned dollar...Providers set their own VALUE, ...the consumer will ultimately decide if they feel that that value is worth the market price
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Versace is a $34 billion company, Walmart is a $340 billion company. Seems there might be some secret behind reasonable pricing.
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"You get what you pay for" is only accurate if the market is allowed to determine the price AND the seller is smart enough to maximize profits.
Consumers determine the appropriate value compared to alternatives in the marketplace.
Assuming you're actually asking about how to set the price of any particular item and you want repeat business, you want to offer your item at a price that provides appropriate value for repeat business. If you overprice, perceived value of the item will diminish and you won't experience repeat business as often as your like.
A statistical analysis will show the appropriate price. For example, you can sell 3 items per day at $3, but you can sell 8 items per say for $2.50 and 10 items per day at $2, you would want to determine how much money you'd like to make and adjust your price accordingly. With that example, maybe $2.40 would maximize profits and sales, especially after factoring in repeat sales.
It is your choice to sell 1 item per week at $5, with no repeat sales, but that doesn't make much business sense.
If you're selling a used car, you obviously want to maximize the sales price without regard to repeat sales. But if you want repeat sales, the value you offer compared to alternatives is a primary consideration.
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It's true ...you get what you pay for! But it's not a bad idea to strive for quality, and $$ in the same breath. One has to do some digging first. Sometimes both can be had...
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I think I'll get plenty of value when I finally meet up with GE, she's definately worth the price of admission and I look forward to meeting, she's hot and intelligent, which makes her all the more hotter!
See you soon GE.
TA
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Its all about how one feels when they are purchasing the product, how they felt after buying the product and do they continue to enjoy the product long after its purchase.
Here is an example
I have these Heels Charles David Wedges. I have had them for 8 plus years. The fella who bought them for me was someone I loved very much. It felt good that he wanted me to look great, he always complimented the shoes as well as others. The shoes made me feel sexy, and taller and more confident. When we broke up it was the worst period of my life, but the shoes they didn't bring up bad memories, I still felt all the great things as I felt before, just slightly less. The shoes at the time were the most expensive shoes I owned. When they were eaten by my furbaby, I went on the hunt to replace. at the time they were over $700.....My new pair were only $65. They are not differnt in quality, they still look great with my levi's. What makes them AMAZING is the WAY I FEEL when I put them on.
Every thing we do is based on an emotion. Its not a price or a color or brand....ITS HOW IT MAKES US FEEL!!!!!
Attitude is EVERYTHING......Just some food for thought!
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You get what you pay for is not always accurate. An example you can buy a white t-shirt for $5 bucks at Walmart or $30 bucks at department store and I do think the $30 one is better quality but the second time I wear a white shirt, sometimes the first, never fails.... I spill. So to me buying the cheaper shirt is fine bcuz I am guna need to buy one very soon so lasting quality doesn't really matter.
And another example is that while I may think I am priceless I understand the value of money and I have a big heart. So that is why I am reasonable . I do believe there are people who need a reality check on pricing their p**** oops not sure I can say that . It wasn't what you were thinking. It was pumps (thanks Addison 😉).
And the you get what you pay for when referring to a service isn't the same as a product. A product doesn't have a bad day, a headache, etc... Which may affect the quality of service. So it can be iffy.
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the concept of haggling offends me on quite a few levels
I will ask the price, (don't care if that makes me look bad) then if I think its worth it I will buy and if I think its not worth it then I walk away
doesn't matter if its an object or a service, its not my place to question what someone else thinks its worth, just say thank you and walk away
'course sometimes thats when the haggling starts
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^ agreed.
Level 5 or level 0.
Cmon really
Just walk away...
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Funny, guys will mostly buy based upon logic. Ladies buy on how one or a thing makes them feel. Sure I'd see someone based upon how they make me feel, hard to tell with just pictures. The logic of looks is where it starts for guys, we know that. I'd rather pay higher for a product that I know is going to last longer than going cheap.
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last longer?
I know there's a joke there somewhere
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Sidetracked, I know, but Wagyu beef once in your life is a fucking travesty, I'm sorry. Let me take you to dinner.
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Addison..love youi but would disagree that everything we do is based on emotion..there is also 'fact decision making' in the air...
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If someone has a great deal of money they are probably going to buy a better product. If someone has a small amount of money they are probably going to buy a less expensive product. When I’m on the up and up I buy gain laundry detergent, when I’m pinching pennies I buy sun laundry detergent. My clothes still come out clean either way but for some reason when I’m on the up and up I never buy the cheaper detergent,I buy the more expensive brand.
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You can always find good deals on something. Take macs and pc. They have the same type of hardware. But Macs tend to cost more. Some say they are build better and last longer, but so do PCs if you find the right company.
Or sometimes you go to restaurant that has a nice atmosphere that cost more than a restaurant that doesn't. And the with the rich atmosphere cost more than the other one. It doesn't mean the food is better. And sometimes the food is better at the one that doesn't have a rich atmosphere.
I think if you have the money, you are more willing to burn it on things.
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@yogibronx-Love bug when you go onto a "dating site" aren't you there because you are FEELING lonley, or frisky, or like you are needing some attention? Men thin they are logic driven decision makers but lets be real.....everyone knows you can't have 2 heads working at the same time. Not enough blood in the body to have both working properly at the same time. I am going to assume that when in the "dating "mode the fella down stairs is in control.....
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^ Some do look for what they are not getting at home, so ya....
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So Groupons from providers would be out of the question is what you are saying?
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Answering op's question:
There is a supply, and there is a demand..
And depending on where your at on this spectrum,
You should pay accordingly.
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I don’t mind paying for expensive things as long as they’re going to last a while but as far as materialistic stuff goes no but I’m also not against a great deal either
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As a few have said - Expensive is not always better or good.
I went to Mastro's for a steak dinner in Vegas had a very good meal $550.00 worth? NO, however the ButterCake is great.
Same trip had a meal at the Top of the World at the Stratosphere for another steak dinner. Food was great atmosphere was better (view of the strip that turns) for about $175.00.
I always try to do my research purchasing anything. Read the Yelp reviews, consumer products report and in business on large purchases ask if they some customers we can talk with before we make the decision.
Handcuffs might be fun!!!
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Call me a cynic but this reads like a thinly veiled attempt to vet potential clients.
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OP: Wagyu and Kobe beef gets waaaaay marked up her in the US.
In Tokyo , in 2019, you could have dinner for 2 eating your fill of Wagyu with beers for under $60.
You just have to know where the locals go 
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I think it’s safe to say some “luxuries” priced high aren’t always guaranteed the price you pay.
Then again Everyone has Different expectations NoMatter what the product or the value is .
Although Luxuries that are highly priced should be very well reviewed and made sure they exceed One expectations.
Some Things Shouldn’t Be Over Priced BUT THEN AGAIN Some Things Shouldn’t Get Under Valued LIKE TOILET
🤷🏽♀️Let me know Otherwise
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Miss spelled Toilet paper *
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True.. but poilet paper can be single ply.
Even an asshole knows the difference.....
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