Jewelry Store issue!

Guest · Post by **Guest** » 20.07.2007, 20:51

I'm in the diamond ring business and I've run into an issue.

USUALLY (ie. before today) I sell daily 100 units of Q5 diamond rings at $5,000/ea in a 180m Jewelry Store in France. They all sell in approx. 22 hours.

NOW, my 100 units of Q5 diamond rings (sold at $5,000/ea) takes 310 hours to sell completely in the same store!!!!

Please someone tell me what's going on!

*about the Jewelry Store: 180m / France / known by 100 out of 100 customers

Thanks!!

Guest · Post by **Guest** » 20.07.2007, 20:55

from the supply/demand page for france:

Diamond rings (demand)1,646 (supply)1,838

supply>demand= loooooooong selling times for everione

Guest · Post by **Guest** » 20.07.2007, 20:58

ohh... wow... what a huge that makes on my selling time -_-;; not good...

newayz, thkz for your reply!

Guest · Post by **Guest** » 20.07.2007, 21:01

hmm another thing that i just noticed from the price/quality page:

Diamond rings 1,838 6,055.20

Guest · Post by **Guest** » 21.07.2007, 14:39

The issue you have run into is your own doing (though others have helped). Selling rings 2q higher than average for 1000 caps less than average is a recipe for disaster, as you have found out.

You make money on the more expensive items with the high price, not the volume. You really need to increase your selling price to prevent this from happening again.