I was having a conversation with another person about establishing a billing rate for work on a project that happens to be for a person I know. Because of that I wanted to create something that was fair while at the same time being a discount for them. While I was trying to think of a way to calculate it was kind of interesting how the person just blurted out a number where his rationale was simply that is what he would pay for the job to be done.<\/p>\n
I\u2019m thinking how asking people can potentially be logical way to approach it which reminded me of a scenario where I was phoned by what sounded like student researchers or people about to start a business venture. The question was simply about teddy bears where they first asked how much I would pay for a generic one. To me at the time I thought maybe $5 sounded about right for a basic teddy bear. Then afterwards they asked how much would I pay for a custom-made teddy bear? I mentioned probably $25.<\/p>\n
The person on the phone was shocked as they asked me to repeat it. With that I commented I am assuming it would be high quality and they reaffirmed it would be. But to the lady on the phone it seemed like she thought people would just say maybe $10. She even ended the conversation by thanking me as it was very enlightening.<\/p>\n
To this day actually I am still wondering if this was initial market research for that Build-A-Bear company as it just launched a few months after this call. You can see that the prices did float around the higher range that I initially mentioned. If this was the same company it makes you wonder if I said $10 instead whether or not it would have launched that low. But sometimes just asking people works.<\/p>\n","protected":false},"excerpt":{"rendered":"
I was having a conversation with another person about establishing a billing rate for work on a project that happens to be for a person I know. Because of that I wanted to create something that was fair while at the same time being a discount for them. While I was trying to think of […]<\/p>\n","protected":false},"author":1,"featured_media":12517,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[4],"tags":[5953,207,2049,821],"class_list":["post-13017","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business","tag-pricing","tag-products","tag-value"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2021\/01\/moflin.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-3nX","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/13017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=13017"}],"version-history":[{"count":1,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/13017\/revisions"}],"predecessor-version":[{"id":13018,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/13017\/revisions\/13018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/12517"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=13017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=13017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=13017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}