I've never seen anything drive buying from people who already own practically your entire line like the auctions.Over the pas 4 years I've been collecting data on reverse auction products. The data has allowed me to figure out what the best price is for each product. Well, today I've implemented that unique everyday low price for each product. Reverse Auction will now be reserved for new products with an undetermined price point.
I loved the auctions.. oh well... @ least I can get the Copper Chem now..I've never seen anything drive buying from people who already own practically your entire line like the auctions.
It triggers compulsive behavior and becomes habitual.
As somebody who has spend WAY too many hours watching your auctions tick down for the last couple years, I'm not sure your analysis came to the right conclusions from your data @Gu~ but I wish you the best in this new evolution of your selling model.
I've got a bunch of new products dropping in 4 weeks that will heavily rely on auctions.I've never seen anything drive buying from people who already own practically your entire line like the auctions.
It triggers compulsive behavior and becomes habitual.
As somebody who has spend WAY too many hours watching your auctions tick down for the last couple years, I'm not sure your analysis came to the right conclusions from your data @Gu~ but I wish you the best in this new evolution of your selling model.
I would definitely take his input.I've got a bunch of new products dropping in 4 weeks that will heavily rely on auctions.
Thank you for your input
Agreed. I was actually watching pretty close for the right combination of strains to be listed and low at the same time so I could put them all on one order. Now I don't foresee ever grabbing a pack of Bison Breath. Something about paying twice as much for something I've seen sell for less than $30 many times over that I just can't bring myself to buy into.I've never seen anything drive buying from people who already own practically your entire line like the auctions.
It triggers compulsive behavior and becomes habitual.
As somebody who has spend WAY too many hours watching your auctions tick down for the last couple years, I'm not sure your analysis came to the right conclusions from your data @Gu~ but I wish you the best in this new evolution of your selling model.
Bummer, I loved reverse auction but my wife didn't.Over the pas 4 years I've been collecting data on reverse auction products. The data has allowed me to figure out what the best price is for each product. Well, today I've implemented that unique everyday low price for each product. Reverse Auction will now be reserved for new products with an undetermined price point.
I’m popping my Bison Breath next...over excited myselfAgreed. I was actually watching pretty close for the right combination of strains to be listed and low at the same time so I could put them all on one order. Now I don't foresee ever grabbing a pack of Bison Breath. Something about paying twice as much for something I've seen sell for less than $30 many times over that I just can't bring myself to buy into.
Having them drop without a timer to settle at 27 til someone bought them looked like a winning strategy to me. Not sure you tried that long enough. I was just waiting to see Bison Breath, OBS, and/or Bounty Hunter at or near that all at the same time.
Can’t wait to see the new products myself...There will still be auctions he clearly said it will be for newer drops.
What I find a bit weird is that Purple Punch for example has only been on Greenpoint for a couple months, there is no way there is enough data to come to a consensus on the price point, hence it is overpriced by miles. Eg, can get 20 cake and chem regs for roughly the same price as 6 PP fems.
But hey, some of those 20 buck strains I am sure are gonna tempt a lot of people!