I have been asked to go through my contacts to get something made. I have a few "friends" or acquaintances who have the injection molders that are capable of doing this job. Not everyone has the right size machines so it is a fairly specialist field. I don't mind helping people out as you just never know when you might need them. I am not doing it for free, but it will pay for drinks so this is just pocket change.
I contacted my first business acquaintance hoping for a friend price and got given a I hate you price. He has no idea that I am involved in the plastic industry now and that I know the raw material prices. I have the molds and I know the weight of the items and all I am doing is negotiating to use his equipment and skills.I have no problem with anyone making a profit as we all have to survive, but not the price he quoted me.
I will lock his price into my memory banks and when he complains about how quiet his business is I will gently remind him that regular business keeps your machines working.They are the bread and butter and everything else is the cream.
Normally prices are governed by volume and the more you have to make the cheaper the pricing. I thought 30 000 of each item on a monthly basis was a fairly decent number. Negotiating on this one is not going to happen as there is a 320 percent mark up which he has added to the raw materials. I will say something when I see him next week.
This is when you find out who your real "friends"are and I have more hope with a better contact who gets back from the Far East this weekend. I look forward to seeing the difference in pricing and expect to see today's price drop by around 70 percent. This company has the equipment required and I have known them for around 12 years now.
I saw my mate this evening and he is a mate as he bettered the target price and he gets the molds delivered on Thursday. He sees the bigger picture and wants the work which is a good sign. When you are helping people out the last thing you want is to be let down as it is your reputation on the line. Ripping people off though is uncalled for and he will go to the bottom of the list, but will still be on it as he is still a contact.
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Ah, one of those friends. I think we all have a few of them. The worst of it is that often they do it out of habit and not malice. I have embarassed a few of them at times for the same kind of thing just by mentioning how I knew they were humping me
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I find it funny that they think it is ok and you just wont know. Wait until they need something and you can hump them back. The wheel always turns and they forget that.
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Exactly! Do unto others, as they say!
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True. What has happened to the busy vote? Any idea.
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Lol, no idea. It does this from time to time. I think it resets or something and had to be kick-started manually. Pain in the bloody chuff. I have long learned here that you should never depend on anything but boy does it hurt when you lose it, lol!
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Got to keep the contacts just in case, you never know!
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Contacts are key and never burn the bridges. We will need each other at some point.
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What goes around comes around!! He will need you in time!
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The wheel turns and he will come crawling in the future.
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Hi, @cryptoandcoffee!
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You got a 12.65% upvote from @ocdb courtesy of @cryptoandcoffee!
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Hi @cryptoandcoffee!
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Howdy sir cryptoandcoffee! very interesting about the "I hate you" price! lol. That was not smart on his end. But it looks like a good deal with the other contact.
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Yes. A good deal for them and I am happy I could help. This could snowball and go somewhere and benefit both parties.
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howdy sir cryptoandcoffee! I hope you mention the success of it in your posts if it indeed works out the way you want it to, I love the concept of the joint venture.
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I am not heavily involved with this one. All I have done is helped out 2 parties so they can come together through me. This is literally beer money on my part, but who knows in the future. The last I heard the item is already being manufactured,so a straight forward process.
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yes sir cryptoandcoffee but a very savvy business move in case you get to work with them in the future.
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