Stratospheric audio gear prices
"Premium Pricing
Premium pricing is the practice of keeping the price of a product or service artificially high in order to encourage favorable perceptions among buyers, based solely on the price. The practice is intended to exploit the (not necessarily justifiable) tendency for buyers to assume that expensive items enjoy an exceptional reputation or represent exceptional quality and distinction . A premium pricing strategy involves setting the price of a product higher than similar products . This strategy is sometimes also called skim pricing because it is an attempt to "skim the cream" off the top of the market. It is used to maximize profit in areas where customers are happy to pay more, where there are no substitutes for the product, where there are barriers to entering the market, or when the seller cannot save on costs by producing at a high volume. It is also called image pricing or prestige pricing.
Luxury has a psychological association with price premium pricing. The implication for marketing is that consumers are willing to pay more for certain goods and not for others. To the marketer, it means creating a brand equity or value for which the consumer is willing to pay extra. Marketers view luxury as the main factor differentiating a brand in a product category."
Source: Boundless. “Market Share.” Boundless Business Boundless, 26 May. 2016. Retrieved 07 Feb. 2017 from https://www.boundless.com/business/textbooks/boundless-business-textbook/product-and-pricing-strateg...
Meditation about the ratio price/value is the ONLY necessary meditation for any audiophile... Very good life advice which also has the potential to eliminate most gear and all room treatments. Why? Because the full embrace of this meditation could yield satisfaction with small radio. |
My son bought an $8 iPhone speaker from Walmart and is fine with it. He needed something when some people were coming over to his apartment. I had been saving an amp and preamp for him, but he was fine with me selling them.... Maybe when he is older and settled in one place he'll get something less portable. |
Because the full embrace of this meditation could yield satisfaction with small radio.The ratio is relative to a price SCALE.... In this price scale , low, mid-fi and high end, this ratio guide us toward what is important: looking for the optimal embeddings controls for a CHOSEN system in this price scale... For any reader it is evident that my argument is relative to an already well chosen system in a price scale...And it is evident that this chosen system quality is IMPROVED by acousic control, mechanical and electrcial control.... For example my low cost system is in the lower end of the price scale .... But for his ratio price/quality now even if it is not the best in the world it is an amazingly satisfying system on par with some costly one.... This was my point... I bet you are wise enough to have already understood my point...but sometimes someone wanting to make a point read too fast.... 😊 And yes if someone chose a small radio and control all his acoustic environment he can satisfy himself with it and say to himself, this radio compared to all my other one is the best because his ratio quality/price is NOW, thanks to control of acoustic and other variables,one of the best.... Meditation of this ratio is a meditation with 2 sides: How can i improve my CHOSEN system toward his optimal working state? And when this is done , how will it cost me to really upgrade toward a better ratio? Is it worth the cost to make an upgrade now? This ratio price/quality and his twin brother the ratio quality/price are linked together by this more complex ratio the "diminushing returns" ratio.... I hope that all is clearer ... My best to you.... |
hilde45 I apologize to you for my mistake... I accuse you of what i just did ..... 😁 For sure i read my post few time ago and i realized that was thinking about the "ratio price/sound quality" not the "ratio price/value".... But i have written "ratio price /value" with the ratio "price/sound quality" in mind, which is misleading... I sincerely present my apology and thank you for the correction... My best to you.... |
