What should I do?

The Artist · Super Spammer Joined: 06 Jan 2008 Karma :

I run a small business and business is slow.

Now I have a guy who contacted me today and wants to buy something off of me. Would usually charge approx £300 for said item but I googled his name to see if it was a scam or something and turns out he is rich, earns 7 figures etc.

I can trace loads of stuff about him due to him being so high up in the financial world.

Now, do I squeeze him as hard as I can or just charge him normally.

What would the bcf crew doo?

GeorgeCBR · Scooby Slapper Joined: 07 Apr 2007 Karma :

Squeeze the bitch for all he's worth, and if he finds out you've over charged, blame it on the credit crunch/taxes.
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The Shaggy D.A. · Super Spammer Joined: 12 Sep 2008 Karma :

Depends on the likelyhood of repeat business. If he can open doors to other customers, then give him a fair price. If it's a one-off, charge whatever you can get away with.
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The Artist · Super Spammer Joined: 06 Jan 2008 Karma :

Thing is usually people wait 2-3 weeks for my products and it will cost £200-£300 so doing it in 2 days £500 may seem reasonable. I may have to charge more Laughing

Im skint at the moment, I owe money so its not good.

benc · Scooby Slapper Joined: 16 Jul 2005 Karma :

As you have said he is high up in the financial world so im guessing he has a brain and will know if he is being taken for a ride and more than likely will have researched other prices.
Im not sure what your normal order cost is but if it is more than your normal why don't you say something like " as your ordered 50 i can do you a deal for £300 instead of the normal retail price of £376" or something along those lines.
That way he feels like he has got a good deal and is more likely to recommend you. And you said its last minute so thats another one to play on, i used to make up stupid prices because i knew they couldn't get it from anywhere else in the country yet if you play on making them feel like they got a good deal they keep on coming back as long as you provide a good service.
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Graprilia · Brolly Dolly Joined: 02 May 2007 Karma :

I would sell the item for approx. normal price to the customer because the danger is if you go to high with the price you will get £0. So its better to get £300 than ask for £400 and get nothing.

But if you are reasonable they are more likely to give you more business in the long term.
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Tarmacsurfer · World Chat Champion Joined: 29 Jun 2004 Karma :

Congratulations on joining the majority of the human race in the big pile marked "Verminous scum"* Very Happy

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shellshock · Spanner Monkey Joined: 25 Jul 2004 Karma :

And don't forget 'Rich' people are usually rich because they are tight wads.

arry · Super Spammer Joined: 03 Jan 2009 Karma :

shellshock · Spanner Monkey Joined: 25 Jul 2004 Karma :

Not at all, I could have just as easily said 'they are sensible with their cash', I personally admire rich folks who have got rich on their own merits with honesty, integrity and hard graft.

I hope to be one of them myself one day.

My main point was that op will probably be sussed in an instant, as client will be more likely to know his stuff.

arry · Super Spammer Joined: 03 Jan 2009 Karma :

shellshock · Spanner Monkey Joined: 25 Jul 2004 Karma :

Kwaks · I'm not a fast rider Joined: 28 Jan 2006 Karma :

Back on to answer the OP, if you want to succeed longterm in business then your ethics are paramount. Don't ever look at a potential customer as "how much can I fleece this guy" but more as "how can I ensure repeat business".
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UnknownStuntm... · World Chat Champion Joined: 13 Sep 2007 Karma :

I'm gonna go ahead and guess it's a website. It's a website. Is it a website? I'm right aren't I?

Anyhoo, charge what the hell you would normally charge and add it to your portfolio. If he's as big a shot as you say, you can use them coat-tails good, my friend.

Hazylogic · World Chat Champion Joined: 22 Feb 2009 Karma :

How about you charge what you would normally charge instead of ripping someone off?

Clanger · Stirrer Joined: 27 May 2004 Karma :

Charge them the usual price, just maybe add tax price to it. But don't rip them off just because they have the cash. That's hardly fair.
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colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

Get the best price you can. If you know he has the money, the question is, how much he needs to buy it from you. How cheeky can you be on price and not lose the business ?

If you can find out a bit about why he needs the item, if he needs it in a hurry etc, that will help.

I was selling a house on behalf of relatives, and a doctor wanted to buy it. I found out that he had two kids that were coming up to school age, and there was a very good school nearby and not many houses of similar standard available for sale in the area.

I pushed the asking price up on the basis that there was another buyer interested. I did this against the estate agents advice, who wanted a quick sale.

With hindsight maybe I should have pushed it up higher, as he has spent a lot of money on it doing it up.
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Kwaks · I'm not a fast rider Joined: 28 Jan 2006 Karma :

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

Most service industries in the UK will not advertise at the price they are willing to sell for, but above it, in the expectation of negotiations to lower it.
People that pay the 'asking price' are generally getting ripped off - people that get a discount will be getting ripped of too various degrees.

If the customer does want the item quicker, it's far from uncommon to charge more for a priority service - go to ebuyer and you pay extra not for quicker shipping, but to be put at the front of the queue.

technophobe · Borekit Bruiser Joined: 07 May 2009 Karma :

G · The Voice of Reason Joined: 02 Feb 2002 Karma :

A buyer might assume that what they were paying for was for a delivery service which took less days to transfer it from the depot to their door, while the reality is that they all get sent by the same next-day delivery service. But yes, it's reasonable to consider picking part of shipping.

Dragonfly · Super Spammer Joined: 05 Sep 2005 Karma :

Charge him through the nose and he wont come back, he will have told his mates to and wont recommend you to anyone. You dont need to loose business .So many businesses are rip offs today its hard to find a decent one. Honesty is hard to come by to and appreciated when found. Pride yourself on being that great business even if things arnt going well, don't reduce yourself to ripping people off. You pay for it in the long run.
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