April 2007

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Great news : I have been able to drop my costs in making shirts. Also, the Aussie Dollar is doing very well against the US dollar.

 This, plus my decision to drop my discount program, means that I will soon be able to pass on lower prices to my customers in the form of a 25% drop.

That’s quite substantial in any man’s books.

 Just as a comparison, in Australia a normal tailored shirt will sell for $200. Mine will be priced at $75. The difference in fabric is minor - mine are 80s vs. the 100s of the $200 shirts.

One idea I had for my tailored shirt business was a scheme where I gave someone a discount code and if they or their friends used it, they would after five uses get a free shirt.

When I formulated this plan I had a lot of good feedback but since the launch of the business it has hit a pretty big snag - lots of people have got codes, but noone has been using them!

Why?

It’s a question of culture.

In Australia more than, say, America, we generally take particular exception to people trying to sell us things. I know this is a common complaint world-wide but it seems to be more prevalent here than other places.

Our culture doesn’t appreciate those who try to promote themselves. In many social situations it’s a pretty big faux pas to say anything good about yourself - at all!

Just two weeks ago I was talking to someone whose cousin was recently made partner at a prestigious law firm at a very young age. Was she proud of her cousin? Well, no, not really. She was crticising her cousin for having the gumption to tell anyone else - even family - that she had been successful.

This cultural rule extends into selling or recommending products to your friends where you get a kick-back.

Because of this low take-up I am going to drop this program and restructure my pricing.

Very cool.

My post about getting clothes tailored in third world countries has been translated into Spanish!

Alvaro from Viajar Asia did the deed and it’s a good feeling,

Many style points for Alvaro

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