Sunday
May132018
Market Research is a SCARY, SCARY thing.
Sunday, May 13, 2018 at 9:13AM
Sometimes it tempts you to try new things. It always causes you to ask questions. For instance, the 2 story farm house that was our previous freebie. You downloaded it 478 times. We have never SOLD that many of a single kit 14 years. Makes me wonder. If I were to SELL that kit, exactly as it is, no photos, no instructions, for $3.00, would I loose half of that 478? Would I loose them all? At $3.00, it would still be a heck of a deal. (I think) And the $1,434.00 would really help business. It is such fun to be a business owner.
Dave | 6 Comments |
Reader Comments (6)
Donald
I just purchased the block garage & plan to do an email step by step demo for some of my friends that think they wouldn't be able to master it. jerry
I ask as this may also be of interest. People not in US may find the dollar expensive - I know I do, with the different cost of living and the exchange rate. For example the mill (which I will get one day hopefully) is the equivalent of 9 McDonald's cheeseburgers where I live, or one and half reams of paper. Being retired that's a problem. Have
Price and volume sold is the relationship. I have a friend with two clothing stores. One upmarket area. One down market. Same shirts sell for 1/6 in the down market store, with a minimal markup. Yet he makes more profit there because of the volumes he puts through.
This is just an illustration - it may not work in the paper model market.
You could test it though. Offer a model one off at a reduced rate - perhaps a new one. Have a good build up to it so people know it is coming and will be a one off, for only say ten days.
Alternatively when you do the upgrade for the farmhouse, offer the upgraded components only (not the whole kit) for a dollar, and see how many takers there are. The point being only previous Downloaders would be in a position to buy.
Both the are above are only suggestions by way of a market test!
I agree in terms of not understanding why more people do not try paper modeling. Castings can be bought separately if needs be.
There is sometimes I think a lack of understanding just how good paper models can be. And there is nothing stopping people painting and weathering either if they want to.
I make a variety of paper models (birds, mills, armoured trains etc) - and people time and time again express amazement that they are made of paper!
A friend has a huge railway model store. He imported some card kits from the US - very fancy boxed kits with castings, etc etc. They did'nt sell.
They then built over a couple of years a state of the art layout designed to showcase all the different media and equipment available. It was European, vaguely German, so I scratch built several houses for a small village. These were paper models. The interesting thing was that they scoffed at the outset, were astonished at the outcome but that really was that. Same reaction from customers, and when I was around and offered them free prints they backed off in a panic - to then go and buy brass and wooden and plastic kits......which took more skill to finish off properly and also probably would never look as good.
Go figure!