Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
I've seen more than my fair share of "lowballers" as you call them, as I'm sure most everyone here has, you just have to deal with it.
Of course, all businesses deal with this and the smart ones won't get into a pricing war.
Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
Woodturnings start to fetch higher prices,
then
Wood suppliers start to charge more
then
Tool venders start to charge more
then
Venues start to charge more
I don't think you can compare a
retired person lowballer at a show to a real business in your example. Surprisingly, many business
don't go out of business for charging to much, they go out of business for charging to little. This happens when they don't charge enough to maintain their profit, pay their employees and satisfy suppliers.
A retired person Many lowballers are happy to just get back their cost on materials and make a buck or two and as a result their prices are artificially low.
Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
Even though your lowball competition is no longer around,
There will always be lowballers thinking they can fill that void. I've met a few turners that could make more money flipping hamburgers at Burger King then selling their wares at a craft show.
Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
Wood suppliers start to charge more
then
Tool venders start to charge more
then
Venues start to charge more
Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
everyone has to pay more for the entire process and therefore nothing was accomplished.
I disagree, this is what happened right after WW2 and this country's economy grew and became strong as a result.
Ed Weber wrote on Mar 31
st, 2015 at 1:37pm:
I just know that trying to manipulate (either for good or bad) the market can be a slippery slope.
I seriously doubt anyone on this forum or any woodturner for that matter can manipulate the woodturning market even if they wanted to. (The Hunt brothers tried to do that with silver and look where it got them)