Do you buy anything at MSRP price

[manning]

I know someone who is a partner in a small business. She insist selling at MSRP.

Sad thing she is going under and cannot convince her to lower her prices to be competitive.

Crazy!

 

[DLgal]

What does she sell?

 

[Artygal90]

Depends - if it's something I NEED right then and there, sure. But not if I can help it.

I have a friend in the same situation. It's hard to watch someone's life's work slowly founder while they insist everything is fine and they won't/can't/don't change it up.

 

[Anthony1971]

with the exception of Apple phones and previously IPAD's and Computers which are now discounted on occasion I can't think of much else unless it is at a convenience store where you need it now. Maybe Gasoline but you usually have choices there as well but maybe not the same brand...
On the other hand some people will support a local shop but the problem is people walk into these shops and the owners are miserable and unfriendly because they are not doing well so unless you need it now people will walk out and buy it else where discounted....

 

[MommyinHonduras]

I really try not to. I love a deal. If it's small and I am going for saving time I will as time is $ to me also. But for large purchases I know there is always a better price than MSRP. I take the S as a starting point. To OP's point, I live in Houduras and anyone can set their own price For instance, if a bank takes back a house they will not sell it for less than what the previous owner owed the bank. Houses go back to the earth literally than sell because purchase price plus interest and fees does not equate into increased value of the property itself. Seems so crazy to me. It's about admitting fault (maybe in lending) and saving face, not about running a business. Sad for everyone at home loans start here at 18% and everyone is upside down on their values from year one.

 

[_19disnA]

OP's question is a bit vague, so it is difficult to provide specific advice relative to your friend's business. If they sell consumer goods, are they things also sold by competitors online where you can easily check the price and shipping costs? If an industrial product, how many competitors do they have and how are the sales regions setup? Even if they sell some type of specialty product, you still need to consider who else sells the same or similar product and at what price.

Typically, I now look online to compare prices (and shipping, where applicable) when making any reasonably large purchase. Some websites appear to have a lower unit price, but the high cost of shipping makes the total about the same. Many of the home goods type websites ALL sell the same products and mostly function as a warehouse, they don't actually manufacture anything. Smart shoppers will compare prices on the various websites and if your product is always the highest price, not surprised they would be losing business.

 

[SC Minnie]

Depends on how bad and I need and want whatever it is. I try to get a sale but sometimes you can't wait or it's something that doesn't usually go on sale often. If it's something I can drive a mile down the road and save a few bucks (has to be worth the trip) I'll do it.