7th August, 2013
I am wondering if it is possible to sell an item at a price that the buyer proposes?
Basically, you make something and when someone comes to you to buy it, you ask them- How much can you afford to give? How much do YOU mark the value of this item as?
Now, this may pose a problem in cases where you are dependent on some basic amount to make that something and you may not earn enough to sustain yourself to make more of whatever it is that you are making.
In that case, you calculate the precise costs in production and mark that as the minimum amount to be paid so as to help sustain the business; and the details can be transparent to the buyer. This way, even if there are any fluctuations in the basic costs, one- it keeps you constantly conscious of what goes into the making (kind of like a ritual for honesty) and two- the buyer can be assured that they don't run the risk of being cheated in any way (Trust) Beyond the minimum amount, it would be upto every individual to decide if they wish to give anything over and above that, depending on how much value they place over that item.
Now for this, it would be very important that the business would be in something that one truly enjoys doing and as long as one is getting to do what one enjoys doing, it shouldn't matter at all whether you get anything over and above the minimum price or not. In a way even that wouldn't matter if your major interest is in the point of this business plan (expressed towards the end) That extra amount would be considered as a bonus; which in fact should compensate for customers that actually cannot afford even the minimum price. The best thing? That bonus could be in any form! Maybe a sponsoring of making a certain more number or even just a lunch or dinner?
Another important thing would be to not display or celebrate or show off how much bonus each buyer gave- it would be a very misleading thing to coax competition among the buyers and one would lose sight of the whole point of this exercise. Each buyer is an individual with their own way of placing value and their own standing which shall in no way be judged or compared. The individual can decide based on the mood or based on how happy the product makes them, based on whether they can afford it or not, based on how much they really really would like to have it, based on how miserly or how thrifty they are etc etc etc, and the best part is that these factors can change consciously, each time they come to buy something.
That, I think is the point of this Business plan. To focus on the Individual.
Personally I would avoid even the minimum cost- it would be more adventurous and open up many more possibilities!
I don't know if it can work or if it is feasible; I know this is a very basic idea with loopholes aplenty- so kindly drop in with your views or further questions or possible scenarios you can imagine and maybe through some brainstorming, it can actually become a workable model to work with? Maybe you can just drop in with angst or wonder -anything that this made you feel or anything that this reminded you of? I don't know.
17th August, 2013
This caught my attention today and I share it here as it expresses succinctly, the core intention of this business plan:
"The major value in life is not what you get. The major value in life is what you become. That is why I wish to pay fair price for every value. If I have to pay for it or earn it, that makes something of me. If I get it for free, that makes nothing of me." -- Jim Rohn
To let every individual gauge the value and give them the opportunity to make something of themselves.
Thank you Universe for the clarity!
I am wondering if it is possible to sell an item at a price that the buyer proposes?
Basically, you make something and when someone comes to you to buy it, you ask them- How much can you afford to give? How much do YOU mark the value of this item as?
Now, this may pose a problem in cases where you are dependent on some basic amount to make that something and you may not earn enough to sustain yourself to make more of whatever it is that you are making.
In that case, you calculate the precise costs in production and mark that as the minimum amount to be paid so as to help sustain the business; and the details can be transparent to the buyer. This way, even if there are any fluctuations in the basic costs, one- it keeps you constantly conscious of what goes into the making (kind of like a ritual for honesty) and two- the buyer can be assured that they don't run the risk of being cheated in any way (Trust) Beyond the minimum amount, it would be upto every individual to decide if they wish to give anything over and above that, depending on how much value they place over that item.
Now for this, it would be very important that the business would be in something that one truly enjoys doing and as long as one is getting to do what one enjoys doing, it shouldn't matter at all whether you get anything over and above the minimum price or not. In a way even that wouldn't matter if your major interest is in the point of this business plan (expressed towards the end) That extra amount would be considered as a bonus; which in fact should compensate for customers that actually cannot afford even the minimum price. The best thing? That bonus could be in any form! Maybe a sponsoring of making a certain more number or even just a lunch or dinner?
Another important thing would be to not display or celebrate or show off how much bonus each buyer gave- it would be a very misleading thing to coax competition among the buyers and one would lose sight of the whole point of this exercise. Each buyer is an individual with their own way of placing value and their own standing which shall in no way be judged or compared. The individual can decide based on the mood or based on how happy the product makes them, based on whether they can afford it or not, based on how much they really really would like to have it, based on how miserly or how thrifty they are etc etc etc, and the best part is that these factors can change consciously, each time they come to buy something.
That, I think is the point of this Business plan. To focus on the Individual.
Personally I would avoid even the minimum cost- it would be more adventurous and open up many more possibilities!
I don't know if it can work or if it is feasible; I know this is a very basic idea with loopholes aplenty- so kindly drop in with your views or further questions or possible scenarios you can imagine and maybe through some brainstorming, it can actually become a workable model to work with? Maybe you can just drop in with angst or wonder -anything that this made you feel or anything that this reminded you of? I don't know.
17th August, 2013
This caught my attention today and I share it here as it expresses succinctly, the core intention of this business plan:
"The major value in life is not what you get. The major value in life is what you become. That is why I wish to pay fair price for every value. If I have to pay for it or earn it, that makes something of me. If I get it for free, that makes nothing of me." -- Jim Rohn
To let every individual gauge the value and give them the opportunity to make something of themselves.
Thank you Universe for the clarity!
I think it sounds wonderful in theory and may even be applicable in practice. Even though some will pay less than what you need to substani making it, some will pay more. So it could very welll balance out!
ReplyDeleteThank you so much Keith for the heads up! I wish to remember this as the core of any exchange. Please remind me if I forget!
ReplyDelete