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maybe stupid question!!!
- Thread starter MEV
- Start date
Bell-Two
Active member
Well think about it, if you wanted to design a machine that could tell you what is in the ground, whether it is a coin or piece of junk, had to design it, manufacture it, set up a staff to market, service it, advertise it, distribute it, warrantee it. Make it lightweight enough to be portable and usuable, but sturdy enough to last under dirty and occasionally wet conditions. Be able to pay your employees a living wage and supply insurance for them and for your business.Sell it and make a reasonable profit so you can still do all the foregoing things...how much do you think that would cost?
EtracTom-AdirondacksNY
New member
Good response but true.
Goldmanjace
New member
dont get me started on this! I would say true things that certain people dont want to hear! Reseach and development do not make up a huge portion of this and that is a fact.
I can tell you as a small business owner the operating costs would shock most people. Your salary costs me almost 50% more. Insurance is staggering. Product liability and umbrella coverage is also high. Then there's facility, upkeep, taxes, insurance on the facility, utilities. Marketing, if you want to keep your business share, is another large expense. We have not even touched on manufacturing and shipping to your warehouse. R&D is not just about the one product, you have to keep funding it as an ongoing process or soon you have nothing more to offer as your competitors go by. Then many business owners actually do like to support some charities. Imagine that!
Now on top of this you'd like to get paid yourself and see a return on your investment or your investors will demand a return on their investment. I love the people who say they know all about how we are all getting screwed. They have never owned and operated a business of any size. If you haven't done it, you never really appreciate just how tough it is.
Now on top of this you'd like to get paid yourself and see a return on your investment or your investors will demand a return on their investment. I love the people who say they know all about how we are all getting screwed. They have never owned and operated a business of any size. If you haven't done it, you never really appreciate just how tough it is.
jughed440
Active member
I never majored in business but I do understand the cost of running a business.....can someone please tell me why Etracs are the same price for all dealers??
Why would Minelab force the dealers to price Etracs the same rather than allow them to set their own price??? As long as Minelab had gotten what they want out of each machine, why should they worry what kind of profit a dealer would make??
price competition = more sales...i do know that much about business
Why would Minelab force the dealers to price Etracs the same rather than allow them to set their own price??? As long as Minelab had gotten what they want out of each machine, why should they worry what kind of profit a dealer would make??
price competition = more sales...i do know that much about business
Minelab is far from the only company that does this, even among metal detector companies. Some probably look at it as protecting a dispersed dealer network. Otherwise it would get dominated by one or two players and that would not help with sales or widespread brand recognition. There's more then metal detector companies that do this.
This is just one little part of "why I like Ranching and Farming". Swapping work with the neighbors is rather enjoyable. Most of the time if its all day, they feed you and you feed them lunch. Works out pretty good. No pay out, no pay in, but the job gets done.
Maybe we ought to go back to the "barter" system.
NebTrac
Maybe we ought to go back to the "barter" system.
NebTrac
Bell-Two
Active member
I was in the retail bicycle business for over 35 years as a shop manager, I assume that MD dealerships work in a similar manner, when you apply to become a dealer you must sign a dealer agreement. In this agreement you are stipulated as to how you merchandise the product, sometimes carrying the stipulation that you may not sell the product below a listed price. If you do you may have your franchise revoked. That is their way of regulating it. So any dealer that does sell below the price risks losing their franchise. This agreement also keeps someone down the street from the dealer to sell the same product, it protects both parties.
NebTrac said:
I think you are right on NebTrac. With the economy the way it is bartering may be used more sooner than we think. I also have a small business and the cost to keep it going is staggering. Although the cost of an etrac is expesive, just wait a few years and increasing energy prices will make current prices look like a bargain.
