Monday, April 09, 2007

back to business...

so it has been a while since i blogged about the business - the nitty gritty stuff.

it is pretty interesting to me when people have such varied views of our products and what our philophsy is for selling our products.

- some think it is too plain, some love that it is plain
- some think that our price pointd are too high, some thing we are competitively priced
- some think that they don't like our tins, some love that our stuff comes in tins

and you know what, everyone is entitled to their opinion. that is cool. that is what makes free economy and freedom of speech great.

but, deb and i are going to keep doing what we think is best in terms of what we see for our business and what we think the market needs. we know that the end customers have a choice to purchase our items. and so far, based on our sales, i think most of you like what you see from us.

along those lines, we also do some market research on our price points and i have to say that our prices are very competitive. we work our asses off to get it done that way - and one reason we are able to do so is b/c we do all of our own design work, sourcing and take out a lot of the "middle man" costs.

as for those who choose to buy from someone who has copied our items. we aren't going to stop you. and if you feel that it is worth the cheaper price, then more power to you. so why do our products cost what they do? it is important to understand the economies of scale idea.

we have to charge what we do b/c we are not a big company. so if we could make something in 100,000 units, then yeah we would be able to charge less for the items we make (think like volume buying). and here is the truth - we aren't making 100,000 units of each of our items. we make less than that and i would venture to say for a company our size, you will be hard pressed to find price points as competitive as ours. just some food for thought.

and i just want to say thank you for all of the retailers and consumers that continue to help us grow. i know that a lot of you read this and don't post but i personally do want to thank you. we will continue to provide innovative products (and just wait til you see what CHA-S will bring) in the way we know how to do it best.

8 Comments:

At 4/10/2007 01:12:00 AM, Blogger patti said...

*applause* *applause* Kudos to you C, for telling it like it is! You and Deb are SO on the right track and you should take great pride in the fact that YOU created the idea and the vision behind MR! Anybody can rip someone else's off---but it take alot of hard work, dedication and effort to be the "creator"!

 
At 4/10/2007 06:55:00 AM, Blogger Sharon said...

Part of me is curious about who is stealing your ideas, only so I can avoid them.

I understand being a small business and appreciate companies like yours. There is a company who started out small and is now wanting more and not caring about who helped them get there. They sell their products on their own site first before getting it to retailers. Wonder if they need us at all?

 
At 4/10/2007 08:02:00 AM, Blogger sheetal patel said...

despite others trying to copy or produce knock-offs, your quality and the love and energy behind the product can't be beat!

 
At 4/10/2007 08:19:00 AM, Blogger Life's insanities by angela1044 said...

I always find it sad when people create knock-offs instead of taking the time to come up with their own ideas.

However, you girls rock. I love your creativity and I'm so glad I get to play with all of it.

 
At 4/10/2007 08:50:00 AM, Blogger Shirley said...

You know that I can't wait to see what you come up with!!!

 
At 4/10/2007 10:26:00 AM, Blogger janis m. said...

I don't think your prices are too high. You get what you pay for and you guys offer quality, unique products. I think your stuff is really cool and just wish we had more of it at my LSS! Don't change your philosophy! :-)

 
At 4/10/2007 12:33:00 PM, Blogger Andrea said...

i truly believe that your products are very fairly priced for the quality. Keep up the incredible work :)

 
At 4/10/2007 01:29:00 PM, Blogger nicole said...

Just saw last weekend that our local craft store was carrying all the new MR products and was so excited - I told everyone of the employees I saw how that made my day - so nice to finally see the products in hand before buying them - and knowing that a entire new group of people in this area who don't shop online will be finding these great products for the first time :)
Keep up the great work - off to alter the binder book I picked up!!

 

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