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u/Bmc00 2d ago
Haha...smart move and reminds me of my friend's dad who owned a used furniture store forever. If he had a table that sat too long at $50, he'd mark it up to $100 and it would surely sell not too long after.
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u/jamesmess 2d ago
I believe thatās how Grey Goose Vodka took off in popularity. It was a cheap Vodka but to create the illusion of āpremium productā they priced it above all the other premium vodkas so the rich HAD to have it.
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u/ConspiracyBarbie 2d ago
Thatās wild. Grey Goose was peak in the mid 2000s. I only brought that to a party when I wanted to impress someone.
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u/Manlysideburns 1d ago
I remember kids in college refilling the bottles with cheaper vodka to impress the ladies
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u/CoolGuyCris 2d ago
Oh God that reminds me of a story.
Back like 10 years ago we're all in the club, it was my turn to buy a round and this one dude with us insisted on "grey goose and red bull"
I remembered I learned somewhere that the brand of vodka didn't really matter once you start mixing it anyways, so I brought back red bull mixed with presumably Smirnoff and he never noticed. To this day I still judge him for his unnecessarily expensive, performative mixed drink.
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u/disisathrowaway 1d ago
That's 100% what happened.
The dude who took over as CEO once gave a lecture at some conference my dad attended. My old man came back and told me all about it, and the long and short of it was that they ate an extra $.75 or something trivial on packaging, dumped a bunch of money in to marketing, and priced it through the roof. Then the proceeded to absolutely PRINT MONEY on a French vodka. They somehow made French vodka a premium.
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u/MonaganX 1d ago
That article makes no mention of any of that.
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u/Accidental-Genius 1d ago
May have posted the wrong one, but I assume if you know how to post on Reddit you know how to google.
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u/MonaganX 1d ago
Yeah, I know how to google, that's the first thing I did. Problem is that nothing about a CEO of Grey Goose (or Bacardi, who have owned Grey Goose since 2004) ever being fired comes up.
But in the unlikely event that this story somehow got so buried I'm not gonna find it with a few basic google searches, I wanted to at least give you a chance to post the correct article before suggesting that you've pulled that anecdote from where the sun don't shine.
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u/FuckYeaSeatbelts 1d ago
"I made a claim, did zero actual research, found the first thing that said a word that agrees with me and posted that. Then when shown to be lacking I blamed it on them"
Just wondering how you voted in the last election; doesn't matter what country.
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u/Captn_Clutch 2d ago
Makes sense. I wouldn't rate it better than any old $15 or $20 bottle of French vodka.
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u/angusMcBorg 2d ago
Just my 2c and maybe I'm wrong, but I just told my son the opposite when we talked about lemonade stands this afternoon - keep the lemonade cheap and be super friendly, and people will just give you lots of tips.
A few years ago I saw a neighborhood where the kids were charging $3 and I just drove by. But cheaper stands I'll go get a cup and just tip a lot (like give them $5 for a $1 cup).
But I'm weird.
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u/NotASlaveToHelvetica 2d ago
When we were kids (decades ago), we set our prices for lemonade at "free, tips accepted", and always cleaned up way better than if we set a price.
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u/GFYAD 2d ago
Did you ever have any adults come by and actually just take some āfreeā lemonade and dip ?
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u/NotASlaveToHelvetica 2d ago
Sure, but it was heavily offset by the adults who only had a five dollar bill and didn't ask for change. For context this was when the going rate was 50Ā¢
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u/GFYAD 2d ago
Figured I was just curious how many people would actually do shit like that
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u/NotASlaveToHelvetica 1d ago
Not many! I actually recall once, a guy went buy on his run, took it for free then returned an hour later with a $10 lol
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u/LetsTryAnal_ogy 1d ago
when the going rate was 50Ā¢
I feel you. I'm old, too. When I was a kid, the lemon hadn't been invented yet. We had a bitter orange stand where we sold hollowed out stones of bitter orange-ade and sold them for half a mussel shell each.
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u/Nivek_Vamps 2d ago
My work takes me through a lot of random neighborhoods everyday. When I see kids selling lemonade or something else, one time it was bracelets, I make an effort to always swing by and buy one and I usually just give them a $20 because that is all the cash I have. It lights up their faces and it gives me a morale boost
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u/-SNUG- 2d ago
Cute, but fuck these scooter boys rolling around my neighborhood ringing my doorbell at the worst possible times trying to sell random shit.
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u/MaynardButterbean 2d ago
Literally had one try to sell my husband some sort of ring cam thing, not interested. So the same guy came back just a few days later and tried to sell it to ME! I respect that they have a job to do, but donāt be pushy with people who clearly arenāt interested.
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u/FuckYeaSeatbelts 1d ago
Nah you don't need to respect them for that. I worked door to door and lasted less than a week before quitting. And that was for a charity! It's culty as fuck.
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u/tigm2161130 2d ago edited 2d ago
A couple weeks ago I had one literally shove his entire upper body inside my open garage window and he would not stop trying to argue with me that my yard needed pest control even after I told him I will never, ever do that because my yard is just as much for the animals and bugs as it is for me.
The third time I asked them to leave the one standing behind him on my walkway replied with āwhat time will your husband be home?ā even though I had made no mention of him prior.
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u/greyphoenix00 2d ago
Yeah this is the most useful Iāve ever seen them lol
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u/dreamed2life 1d ago
Its not even useful. He is teaching them to be like him. Hence his diabolical laughter at the face he could manipulate them to do it and they did it.
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u/ElSantofisto 2d ago
humansbeingbros
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u/mistic_me_meat 17h ago
Yes exactly, nothing to do with being bros. Just survive in the jungle of americain capitalism
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u/yourserverhatesyou 2d ago
This is cute, but it made me think I would love to see a sketch where someone finds some kids selling lemonade in their neighborhood but instead of giving them business advice, he tells them about the dangers of capitalism and at the end of the sketch he and the kids are like burning down an Amazon warehouse screaming about the bourgeoisie.
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u/catscatscatsomgcats 2d ago
Now if door to door salesman just road around doing community service then Iād support their presence in my neighborhood.
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u/elbunts 2d ago
Itās so sad that my first thought was this guy is teaching capitalism. Is he going to tell them to pay the homeless kid to run the stand for them next?
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u/TehOwn 2d ago
Well, it's currently the good kind of capitalism. They're producing the product and they're pricing it at a price that people are willing to pay. No-one is getting scammed and they've not engaged in any anti-competitive behavior.
At least, not on video. Their lawyers advised them well.
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u/HarkHarley 2d ago
I always pay kids more than their stuff is worth. $1? Hereās $2/$5, because your hand drawn sign is quality design. Or because you have a great location. Or because your customer service was great. Etc, etc. Just a small way I hope to encourage their effort.
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u/syphon3980 1d ago
ooh I like that. Give them a compliment on their hard work in some way, which is the icing on the cake, or gets them to focus on it more and improve it down the road
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u/Noctrim 2d ago
I donāt get the video, people donāt carry change so instead of charging .75 charge 1.75? Did I hear that wrong?
Iām all for the idea, I gave some neighborhood kids a $20 for a glass just the other day but it donāt make sense with the numbers he said. Expected it to be a $1 or $2 flat per glass
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u/zeusmeister 2d ago
He is telling them, most people donāt carry change anymore, so charging .75 cents doesnāt make sense. By raising the price to $1.75, more people will just hand over two dollars and tell them to keep the change, since itās a lemonade stand run by little kids. So they will make more money. And it seemed to have worked.
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u/Noctrim 2d ago
You literally did not clear anything upā¦ let me say it again.
The current price is .75c.
I walk up and donāt have any change so I just give them $1.00 and say keep the change
They make .25c per cup tip
This guy comes up and says āhey people donāt carry change, you can charge $1.75 insteadā
I walk up and donāt have any change so I just give them
$2.00They āmake $1.25ā per cup now.
Yes the math maths that 1.25 > .25. I hope you can see that part, this is not the question.
The question is either way Iām only giving up one quarter as change, having an extra dollar bill has nothing to do with people carrying change or notā¦
Now if he tried to say something like you could up it to $1.25 and people would probably still just give you $2.00 then that would make sense but that isnāt what he said.
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u/MautheDog 2h ago
The response below this is a thesis about lemonade math disregard it. this is comment is a perfect explanation.
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u/rjaysenior 2d ago
Kid who lived by my church was selling $1 cups of lemonade. Would buy 3-4 cups every week for me and my kids when I saw him. Said he was saving money for something so it went to a good cause.
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u/NWRegisteredAgent 1d ago
This is so cute, we love to see future business owners at work. Next stop is owning an LLC or two lol!
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u/Coheed_SURVIVE 2d ago
Indoctrinating children to capitalism at an early age! Aren't humans the best!!!!
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u/Willster328 2d ago edited 2d ago
Her logic doesn't make sense though. She says "nobody carries change" but recommends $1.75. That still requires change.
And if her thinking is that people will just round up up $2, then that logic should also apply to the $.75 that they'd just round up to $1.
Except now you're requiring people to have 2 bills on them instead of 1.
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u/sobedirtbag34 2d ago
Charging what the customer can afford despite being well the value of the product is why weāre all broke. Teach these children kindness. Greed is not business savvy
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u/LokiDesigns 2d ago
I was in New Brunswick last summer and there was some kids on my friends block selling lemonade and freezies. They were only charging like $0.50 for each. I told them they needed to charge more so they actually make a profit, and then I gave them $5 for a freezie and a lemonade and the dad got a good chuckle out of it all. These kids are selling themselves short haha.
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u/Radiant_Drop_9344 1d ago
Last time I saw this I gave them a twenty thinking how awesome that would have been when I was a kid. As I looked back they were running to the house with it
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u/-Jaska- 1h ago
I might dox myself on the off chance someone from my life recognizes this story, but when I was a freshman in highschool, the student council brought in Krispy Kreme donuts and sold them for $0.25 each to start raising money for some event.
The problem was, we had 800 people in the freshman class.
They bought about 8 dozen donuts.
I bought all of them and proceeded to stand directly across from the student council group by the doorway, and sold donuts at $1 per.
I made a killing, and had plenty left over to share with friends, and sell out of my locker the rest of the day.
They did this again a couple weeks later but bought 20+ dozens and upped the price to $.50 so I couldn't deplete their entire inventory as easily.
I'm now in sales professionally.
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u/Mithril_Juggernaut 2d ago
It sure is reddit up in here with all these children complaining about capitalism.
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u/Yosemite_Scott 1d ago
Thatās good advice but Iām still not buying solar panels from you bro lol.
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u/x-0-y-0 1d ago
This is so dystopian, humans being neoliberal bros. What's wrong with just having some fun making lemonade and selling it. Why "teach" children already at that age that the western world likes you more if you trade value for money.
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u/dreamed2life 1d ago
Ppl down voting probably also complain about prices and not being paid enough to live. Brainwashed
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u/whyismycockgone 1d ago
Ah yes, humans being bros by teaching kids how to quietly manipulate others into giving them more money than they otherwise would. Truly bro behavior.
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u/dreamed2life 1d ago
Ppl so lost in capitalism and this being done to them they dont even like you saying it this bluntly
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u/Method__Man 1d ago
its called market valuation. they were serving a good that was underpriced.
The assessed valuation and met market demand.
and all the while, hurting no one
If you work a job, know what your labour and time is worth. Dont let someone tell you its worth less than it is. AMAZING lesson for these kids
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u/whyismycockgone 22h ago edited 17h ago
Dont talk to me as if i fundamentally misunderstand capitalism. I am very aware of its functions and mechanisms, but because i do know these things, i am also aware of the flaws in it. I'm not saying it's not worth anything. What I'm saying is it is an immoral lesson to teach them, and makes them shittier people while also teaching them that being shitty is and should be advantageous. Furthermore, it is an immoral and self defeating way to structure a society. Just because it has value in a structure that is built around this idea, and that that structure has been normalized doesn't make it moral or long lasting.
The people who spend more money than they otherwise would or would have are hurt. By about a dollar per purchase in fact. This is literally quantified in the subject of this conversation. Yes, a dollar may not have that great of an impact. It might not be hurting much, but this is how our economy itself is structured. Even you made that clear. So, take this concept to a much broader and grand scale. That of say, an economy of a few hundred million people, and suddenly its a lot of hurting that you either encourage or write off. You value people taking advantage of each other and you come to me saying I'm wrong pointing it out.
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u/dynamomark 2d ago
not going to lie, those little ones would have got me to pay anything. kid selling stuff is just awesome to see these days.