Author Topic: Festool Stimulus Program Needed  (Read 3019 times)

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Offline magellan

  • Posts: 211
Festool Stimulus Program Needed
« on: March 24, 2020, 12:18 PM »
Just Thinking

With the more than usual time being spent at home these days I was thinking.  Instead of Corporate Festool about to implement the yearly price increase they should be working on a price reduction stimulus package. 

With the markets fluctuations and declines someone might think this is not a good time to increase prices.  What they might think of doing is doing a 30 day price reduction of say 10% across the board to possibly stimulate sales. 

What do you think
Thanks

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Offline Joe Felchlin

  • Posts: 200
  • Just another day in paradise - Livin’ the dream!
Re: Festool Stimulus Program Needed
« Reply #1 on: March 24, 2020, 12:26 PM »
I see that your “Join Date” is 2011... So your comments aren’t from “naivety” about Festool.
Ergo...
You must have hit your head on something...
Gotten “cabin fever”... Or gotten the Coronavirus.

In any case - Your hallucinating.
It’d probably be better if ya started wishin’ for -
A bottle a good scotch, a filet mignon, and a beautiful woman - To suddenly appear -
Than a Festool sale to happen.
It’s a “Woulda - Shoulda - Coulda.”
NEVER GONNA HAPPEN.[unsure]
Sorry to break the bad news to ya, pardner.
« Last Edit: March 24, 2020, 12:38 PM by Joe Felchlin »
FESTOOL: CT26, CT33 E HEPA Dust Extractors, MFT 1080, MFT-3, TS 55 REQ-F-Plus USA, TS75 EQ, Guide Rails: 1080's/1400/3000mm, LR 32-SYS/Holey Rail, Parallel Guides & Extensions, Plunge Routers: OF1400 EQ & OF1010, Sanders: RO125 FEQ Rotex, LS 130 EQ Linear Detail, DX93E Detail, Drills: PDC 18/4 Li QuaDrive Cordless Drill Set, C12 Cordless, CXS Cordless Compact Driver, SYS-Centrotec-Set, Dominos: XL DF 700 EQ Plus Tenon Joiner Set, DF 500 Tenon Joiner, VAC SYS: System Set, SE 2, Accessory Set | WOODPECKERS: DF 500 Offset Base System | BOSCH: 5412L Compound Miter Saw, 4100-09 10-Inch Table Saw | POWERMATIC: 60HH 8" Jointer, PWBS 14" Bandsaw w/Riser Block | MAKITA: 2012NB Bench Top Planer | JESSEM: Mast-R-Lift XL/Fence/Slide, Rout-R-Plate/Table Stand | RIKON: 50-120 6inX48in Belt-Disc Sander | JET: JBOS-5 Benchtop Oscillating Spindle Sander | PORTER CABLE: 7518 and 690LVRS Routers, 557 Pro Plate Joiner, 16/18/23 Gauge Nailers | LEIGH JIG: D4R 24 Pro Dovetail Jig, | LIE-NIELSEN: Almost every hand plane | DOWELMAX: 3/8" and 1/4" | KREG: K3 Master System | FEIN: Multimaster FMM 250 Q Kit | TORMEK: Super-Grind 2000 | DUST DEPUTY: Industrial (ALL) Steel Deluxe Cyclone (2)

Offline ChuckM

  • Posts: 1716
Re: Festool Stimulus Program Needed
« Reply #2 on: March 24, 2020, 12:33 PM »
It's a good idea, but I'd like to see the stimulus program implemented for those who need the extra support for their business survival or for those who need the tools in providing an essential service or life-saving service.  A local chain grocery store here offers 20% discount every weekday now to seniors. Any stimulus initiatives should target at the needy, or at saving businesses and jobs.

And, for people not falling into the above categories, the discounts on their purchases would go to the efforts of saving lives (masks, protective gowns, etc. for the hospitals).
« Last Edit: March 24, 2020, 12:43 PM by ChuckM »

Offline magellan

  • Posts: 211
Re: Festool Stimulus Program Needed
« Reply #3 on: March 24, 2020, 12:38 PM »
Joe
Too much time these days to think about things

I also agree about the need to help those that need it.

Maybe I should have addressed this as stir crazy woodworker with insane dreams.  Dream large right?

Offline Joe Felchlin

  • Posts: 200
  • Just another day in paradise - Livin’ the dream!
Re: Festool Stimulus Program Needed
« Reply #4 on: March 24, 2020, 12:43 PM »
Magellan:
Nope. No harm in dreaming.
Interestingly... While I can’t imagine Festool ever doing anything like that -
Looking through the Web - Multiple other tool manufacturers -
ARE advertising tools/tool packages - At significant discounts.

BTW ChuckM...
That’s a generous discount that your grocers are offering to seniors.
I was in the grocery, food manufacturing, grocery vendor/distribution business for 40+ years.
There’s little profit margin for retail grocers.
Very commendable. [thumbs up] [thumbs up]
« Last Edit: March 24, 2020, 12:51 PM by Joe Felchlin »
FESTOOL: CT26, CT33 E HEPA Dust Extractors, MFT 1080, MFT-3, TS 55 REQ-F-Plus USA, TS75 EQ, Guide Rails: 1080's/1400/3000mm, LR 32-SYS/Holey Rail, Parallel Guides & Extensions, Plunge Routers: OF1400 EQ & OF1010, Sanders: RO125 FEQ Rotex, LS 130 EQ Linear Detail, DX93E Detail, Drills: PDC 18/4 Li QuaDrive Cordless Drill Set, C12 Cordless, CXS Cordless Compact Driver, SYS-Centrotec-Set, Dominos: XL DF 700 EQ Plus Tenon Joiner Set, DF 500 Tenon Joiner, VAC SYS: System Set, SE 2, Accessory Set | WOODPECKERS: DF 500 Offset Base System | BOSCH: 5412L Compound Miter Saw, 4100-09 10-Inch Table Saw | POWERMATIC: 60HH 8" Jointer, PWBS 14" Bandsaw w/Riser Block | MAKITA: 2012NB Bench Top Planer | JESSEM: Mast-R-Lift XL/Fence/Slide, Rout-R-Plate/Table Stand | RIKON: 50-120 6inX48in Belt-Disc Sander | JET: JBOS-5 Benchtop Oscillating Spindle Sander | PORTER CABLE: 7518 and 690LVRS Routers, 557 Pro Plate Joiner, 16/18/23 Gauge Nailers | LEIGH JIG: D4R 24 Pro Dovetail Jig, | LIE-NIELSEN: Almost every hand plane | DOWELMAX: 3/8" and 1/4" | KREG: K3 Master System | FEIN: Multimaster FMM 250 Q Kit | TORMEK: Super-Grind 2000 | DUST DEPUTY: Industrial (ALL) Steel Deluxe Cyclone (2)

Offline ChuckM

  • Posts: 1716
Re: Festool Stimulus Program Needed
« Reply #5 on: March 24, 2020, 01:01 PM »
The 20% discounts used to be available to seniors only on Thursday, but are now offered from Monday to Friday because of the virus outbreak so they can shop any day (and I believe the first store hour is reserved for them and those with underlying conditions, too). Many grocery stores are making huge sales (profits, too, by extension), and it is nice to see them all stepping up to the plate to help the vulnerable.  (Disclaimer: I am not a senior yet. [laughing])
« Last Edit: March 24, 2020, 01:04 PM by ChuckM »

Offline FestitaMakool

  • Posts: 432
Re: Festool Stimulus Program Needed
« Reply #6 on: March 24, 2020, 04:04 PM »
Would be welcome for sure.
Still, you’ve got a nearly $500 off the Kapex KS 120 UG set. And, nearly $500 off of the new chopping-one-man-handle-large-sheet-goods-table STM 1800.

Here... seems we have a free battery to go, again. [huh]
“The Stig” Yes, it is true, at least some part of it..
“If you have an old Land Rover and a fit wife, you’re most likely always busy”

Offline threesixright

  • Posts: 487
Re: Festool Stimulus Program Needed
« Reply #7 on: March 24, 2020, 04:06 PM »
Wishful thinking.


Sent from my iPad using Tapatalk

Offline Alex

  • Posts: 6431
Re: Festool Stimulus Program Needed
« Reply #8 on: March 24, 2020, 05:26 PM »
I never ask for a price reduction, anywhere. I feel that's beneath me.

If I want something, I pay the price the seller asks. If I think it's too expensive, I do not buy it and buy something else. But I'll never lower myself by trying to haggle.

Offline JimH2

  • Posts: 930
Re: Festool Stimulus Program Needed
« Reply #9 on: March 24, 2020, 05:38 PM »
I never ask for a price reduction, anywhere. I feel that's beneath me.

If I want something, I pay the price the seller asks. If I think it's too expensive, I do not buy it and buy something else. But I'll never lower myself by trying to haggle.

I could not agree more. The price is what it is for items except cars.

Offline 05r50

  • Posts: 4
Re: Festool Stimulus Program Needed
« Reply #10 on: March 24, 2020, 06:49 PM »
So,

Where do we sign up for the scotch, steak, woman thing?

Offline Joe Felchlin

  • Posts: 200
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Re: Festool Stimulus Program Needed
« Reply #11 on: March 24, 2020, 07:26 PM »
Alex/JimH2:
EVERYTHING IS NEGOTIABLE.
In a “former life” - As a business executive in an international corporation -
We brought in a well known teacher of the art of negotiating.

A few of his main premises were:
EVERYTHING IS NEGOTIABLE.
Buy at the end of the month/quarter/year.
   They need to “make their number”; reduce inventories.
Most people are afraid to ask - Because they’re afraid of rejection.
Or... If the response isn’t what they want... They’re afraid to just “walk away”.
He would say - Over and over: “‘NO’ bothers you. Me? Not so much.”
After that training I regularly used his training - VERY SUCCESSFULLY -
In business - And in my personal life.

Anything under $100 isn’t worth the bother to me.
But, anything else... I negotiate.
Autos - Travel - Hotels - Appliances - Especially Furniture - Luggage - Tires -
Anything/everything at “big box stores” -
And... TRACTORS - IMPLEMENTS - SERVICE.

All items with high profit margins - Even on Sale - CAN be “discounted” more - If you just ask.
(There’s little margin in large power woodworking tools. Ergo, no room to negotiate much.)
Elsewhere... I simply say politely to the sales person/service manager:
“No offense to you, Sir... I know you probably don’t have the authority; it’s not your fault.
But, may I speak to the Store/General Manager?“
When they show up - Usually in a few minutes - I simply ask for a better price.
   More often than not - They’ll ask what it will take to make the sale/get my business.
   I’ll make an offer 10%-15% lower - Even if it’s on sale.
   And.. I’ll ask for a “spiff” (something they can do that’s not going to show up in the sale) -
   Like free delivery/installation/set up.
   At least 3/4 of the time they agree. Or... I start to head for the door.
   More often than not they follow me - Stop me - And agree.
   If they don’t - I’ve lost nothing - And buy it elsewhere.
   The trick is: I don’t let my ego/pride/rejection get in the way of saving hundreds/thousands.

The past year - Negotiating - I bought:
A refrigerator - clothes washer - clothes dryer - All on sale - At Best Buy.
   All three (package deal) at 20% less than the sale price - With free delivery and setup.
A dish washer (Lowe’s) that was on sale - For 15% less than the sale price -
    With free delivery and setup.
And...
Of course, my John Deere 1025R Sub-Compact Tractor, 120R Loader, 54D MidMountMower, Quick Hitch/54” Snow Blade - (And after the original purchase... An iMatch).
I won’t tell you the discount that I got on that deal. It would embarrass the dealer.
   But it was “end of month/quarter (my timing) - And he wanted the sale to “make his number”.

My mantra:
“They’re willing. WHY PAY MORE? So... I ask.

Other folks... “Not so much”.[wink]

« Last Edit: March 24, 2020, 08:47 PM by Joe Felchlin »
FESTOOL: CT26, CT33 E HEPA Dust Extractors, MFT 1080, MFT-3, TS 55 REQ-F-Plus USA, TS75 EQ, Guide Rails: 1080's/1400/3000mm, LR 32-SYS/Holey Rail, Parallel Guides & Extensions, Plunge Routers: OF1400 EQ & OF1010, Sanders: RO125 FEQ Rotex, LS 130 EQ Linear Detail, DX93E Detail, Drills: PDC 18/4 Li QuaDrive Cordless Drill Set, C12 Cordless, CXS Cordless Compact Driver, SYS-Centrotec-Set, Dominos: XL DF 700 EQ Plus Tenon Joiner Set, DF 500 Tenon Joiner, VAC SYS: System Set, SE 2, Accessory Set | WOODPECKERS: DF 500 Offset Base System | BOSCH: 5412L Compound Miter Saw, 4100-09 10-Inch Table Saw | POWERMATIC: 60HH 8" Jointer, PWBS 14" Bandsaw w/Riser Block | MAKITA: 2012NB Bench Top Planer | JESSEM: Mast-R-Lift XL/Fence/Slide, Rout-R-Plate/Table Stand | RIKON: 50-120 6inX48in Belt-Disc Sander | JET: JBOS-5 Benchtop Oscillating Spindle Sander | PORTER CABLE: 7518 and 690LVRS Routers, 557 Pro Plate Joiner, 16/18/23 Gauge Nailers | LEIGH JIG: D4R 24 Pro Dovetail Jig, | LIE-NIELSEN: Almost every hand plane | DOWELMAX: 3/8" and 1/4" | KREG: K3 Master System | FEIN: Multimaster FMM 250 Q Kit | TORMEK: Super-Grind 2000 | DUST DEPUTY: Industrial (ALL) Steel Deluxe Cyclone (2)

Offline Alex

  • Posts: 6431
Re: Festool Stimulus Program Needed
« Reply #12 on: March 24, 2020, 08:15 PM »
@Joe Felchlin - EVERYTHING IS NEGOTIABLE.

No. Simply not true.

There are fields in business where negotiation is an accepted part of the process, but if you think you can walk up to a cashier in a supermarket with your $1.99 jar of peanut butter and offer to take it home for $1.50 you'll be laughed out of the store.

And in the same way you're not going to talk Festool into selling you a $640 CT Midi for only $400.  If you want it cheaper your only option is to wait and hope Festool, or somebody else who owns one, is willing to sell you one for less.

Offline Joe Felchlin

  • Posts: 200
  • Just another day in paradise - Livin’ the dream!
Re: Festool Stimulus Program Needed
« Reply #13 on: March 24, 2020, 08:27 PM »
Alex:
Apparently, you didn’t read my Reply (#11) closely.
I clearly wrote that I don’t bother with anything under $100.
In my original Reply (#1), I also said -
That expecting any discount from Festool (Retail Sales) is unrealistic.

If you don’t agree with my buying strategy/methods - No problem.
All I know is that -
Professionally - I successfully negotiated multiple, million dollar contracts.
Personally - I’ve saved myself thousands of dollars - On a wide variety of purchases.
To each his own. [big grin]

BTW... As a Retired U.S. Army Veteran -
We shop at a nearby U.S. Military base - At the Commissary.
I “negotiated” that with the U.S. Government, as well.
I gave my country 23 years of service.
They let me buy my groceries - Including Peanut Butter -
At their COST, plus a 1 cent service charge on each dollar spent (but no sales tax).[thumbs up]

And... I bought my CT26 on a Festool Recon Sale. Great discount price. Came “brand new”.
« Last Edit: March 24, 2020, 10:22 PM by Joe Felchlin »
FESTOOL: CT26, CT33 E HEPA Dust Extractors, MFT 1080, MFT-3, TS 55 REQ-F-Plus USA, TS75 EQ, Guide Rails: 1080's/1400/3000mm, LR 32-SYS/Holey Rail, Parallel Guides & Extensions, Plunge Routers: OF1400 EQ & OF1010, Sanders: RO125 FEQ Rotex, LS 130 EQ Linear Detail, DX93E Detail, Drills: PDC 18/4 Li QuaDrive Cordless Drill Set, C12 Cordless, CXS Cordless Compact Driver, SYS-Centrotec-Set, Dominos: XL DF 700 EQ Plus Tenon Joiner Set, DF 500 Tenon Joiner, VAC SYS: System Set, SE 2, Accessory Set | WOODPECKERS: DF 500 Offset Base System | BOSCH: 5412L Compound Miter Saw, 4100-09 10-Inch Table Saw | POWERMATIC: 60HH 8" Jointer, PWBS 14" Bandsaw w/Riser Block | MAKITA: 2012NB Bench Top Planer | JESSEM: Mast-R-Lift XL/Fence/Slide, Rout-R-Plate/Table Stand | RIKON: 50-120 6inX48in Belt-Disc Sander | JET: JBOS-5 Benchtop Oscillating Spindle Sander | PORTER CABLE: 7518 and 690LVRS Routers, 557 Pro Plate Joiner, 16/18/23 Gauge Nailers | LEIGH JIG: D4R 24 Pro Dovetail Jig, | LIE-NIELSEN: Almost every hand plane | DOWELMAX: 3/8" and 1/4" | KREG: K3 Master System | FEIN: Multimaster FMM 250 Q Kit | TORMEK: Super-Grind 2000 | DUST DEPUTY: Industrial (ALL) Steel Deluxe Cyclone (2)

Online Alanbach

  • Posts: 551
Re: Festool Stimulus Program Needed
« Reply #14 on: March 24, 2020, 10:56 PM »
I too believe that most things in life are subject to potential negotiation. I go by what my father taught me, that is: nobody ever got anything they didn’t ask for and the worst they can say is no. However, price negotiation on goods and services can have cultural influences. In some cultures it is considered rude and in other cultures it is almost an insult if you don’t attempt to negotiate. It is also certainly different depending on the particular good or service. I for one would never attempt to negotiate with my grocery check out person and conversely I would never of dream of buying a car, jewelry or furniture without considerable negotiation. Besides being cultural price negotiation is like a lot of things, if your grandparents and your parents did it then you probably do it. It’s like hunting or fishing or a family favorite sports team. It becomes part of who you are.

Offline mrB

  • Posts: 688
Re: Festool Stimulus Program Needed
« Reply #15 on: March 25, 2020, 06:10 AM »
I’d take another EU free battery promotion right now :)
there's nothing like the right tool for the job

Offline Bert Vanderveen

  • Posts: 636
Re: Festool Stimulus Program Needed
« Reply #16 on: March 25, 2020, 08:13 AM »
Apparently the US Government is cutting a $ 3500 check to each household in the USofA (I presume 'citizens' only). So, if you put that forward to buying Festool equipment with that expected discount of 10% you could potentially spend $ 35,000 — which should set you up with a very nice and complete workshop.


(I know, this is a stupid analogy, but hey — there are several billion persons who don’t get a financial boost… International solidarity seems to be a thing of the past.)
Cheers, Bert Vanderveen

TS55 · TS55R · OF1010 · DF500 Mk2 · MFT/3 + TSB1-MW 1000 + VL + CMS TS55 + CMS PS300 + LA-CS 70/CMS · CTL Midi · RTS400 EQ · 2 x CXS Li 1,5 · T15+3 Li 4,2 · TI15 Impact Li 4,2 · Centrotec Sets 2008 + 2015 · PSB300 · LR32-SYS · RO150 · Kapex KS120 · 2 x MFK700 · RO90 · OFK700 · BS75 · OFK500 · OF2200 · CMS-GE · Vecturo 18 Li · TID 18 · TKS 80 EBS-Set (next June!) … | Mirka 1230L P&C | Hammer A3 31 Silent Power · Hammer N4400 · Hammer HS950 | TaigaTools VacPods Pro Set

Offline simonh

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Re: Festool Stimulus Program Needed
« Reply #17 on: March 25, 2020, 08:24 AM »
I never used to ask for discounts.  Nowadays, I always do. Why?

Retailers constantly undermine the price of their offering. There's black Friday discount across the board, Christmas sales discounts, even a 29th February discount this year and some companies gave 14% off for Valentines day. If I know that there is enough margin to offer these types of discounts then why should I pay full price just because its 2 days before the next 'special' price that will land in my e-mail box. These are not end-of-line or reconditioned special items.

Unless manufacturers and retailers stand firm behind a price you soon begin to as the question 'what is the TRUE value of this item'...
« Last Edit: March 25, 2020, 08:26 AM by simonh »
-Simon

Offline Joe Felchlin

  • Posts: 200
  • Just another day in paradise - Livin’ the dream!
Re: Festool Stimulus Program Needed
« Reply #18 on: March 25, 2020, 12:28 PM »
Simon:
The "true value" of an item is -
The price you can BUY/SELL it for - At a given moment in time.

While I regularly find the multi-million salaries -
Of professional athletes and corporate CEO's - Unreal and undeserved -
I understand that WHAT they CAN NEGOTIATE -
And what teams/companies - Are willing to pay 'em -
IS WHAT THEY'RE WORTH - At least to those "writing the checks".
FESTOOL: CT26, CT33 E HEPA Dust Extractors, MFT 1080, MFT-3, TS 55 REQ-F-Plus USA, TS75 EQ, Guide Rails: 1080's/1400/3000mm, LR 32-SYS/Holey Rail, Parallel Guides & Extensions, Plunge Routers: OF1400 EQ & OF1010, Sanders: RO125 FEQ Rotex, LS 130 EQ Linear Detail, DX93E Detail, Drills: PDC 18/4 Li QuaDrive Cordless Drill Set, C12 Cordless, CXS Cordless Compact Driver, SYS-Centrotec-Set, Dominos: XL DF 700 EQ Plus Tenon Joiner Set, DF 500 Tenon Joiner, VAC SYS: System Set, SE 2, Accessory Set | WOODPECKERS: DF 500 Offset Base System | BOSCH: 5412L Compound Miter Saw, 4100-09 10-Inch Table Saw | POWERMATIC: 60HH 8" Jointer, PWBS 14" Bandsaw w/Riser Block | MAKITA: 2012NB Bench Top Planer | JESSEM: Mast-R-Lift XL/Fence/Slide, Rout-R-Plate/Table Stand | RIKON: 50-120 6inX48in Belt-Disc Sander | JET: JBOS-5 Benchtop Oscillating Spindle Sander | PORTER CABLE: 7518 and 690LVRS Routers, 557 Pro Plate Joiner, 16/18/23 Gauge Nailers | LEIGH JIG: D4R 24 Pro Dovetail Jig, | LIE-NIELSEN: Almost every hand plane | DOWELMAX: 3/8" and 1/4" | KREG: K3 Master System | FEIN: Multimaster FMM 250 Q Kit | TORMEK: Super-Grind 2000 | DUST DEPUTY: Industrial (ALL) Steel Deluxe Cyclone (2)

Offline ChuckM

  • Posts: 1716
Re: Festool Stimulus Program Needed
« Reply #19 on: March 25, 2020, 02:26 PM »
Festool has just announced a stimulus plan!

It freezes all its current prices...which in a way is a stimulus, though not the kind some has been wishing for (or ruling out).

Offline kevinculle

  • Posts: 327
Re: Festool Stimulus Program Needed
« Reply #20 on: March 25, 2020, 02:35 PM »
Price is simply a tool to balance supply and demand.  A manufacturer whose supply of product is always oversold (on backorder) either needs to raise the price or increase production.  Conversely a manufacturer whose product is always undersold (piling up in stores and warehouses) either needs to lower the price or reduce production.  Festool traditionally has been a fixed price manufacturer with a pattern of annual price increases, for this to be a stable operating pattern implies that Festool as a practice tend to undersupply the market for their products to support this marketing strategy.  The black swan economic event we now find ourselves in may or may not influence Festool's pricing.  If the factory is closed due to the pandemic then supply is fixed at units in inventory and a price cut is not going to improve sales in the long term.  If the factory is still producing and the economic disruption has reduced sales than a price cut might be useful.  Whether you as a customer choose to negotiate or haggle on prices is largely irrelevant, manufacturers still are compelled to balance supply and demand with pricing.

Offline grbmds

  • Posts: 1986
Re: Festool Stimulus Program Needed
« Reply #21 on: March 25, 2020, 03:27 PM »
Apparently Festool isn't as bad and greedy a company as some think as I read a post from Shane Holland today indicating that Festool is freezing prices with no April price increase. I think I read it was for 2 years also. Just thought you all might want to know.
Randy

Offline Peter Halle

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Re: Festool Stimulus Program Needed
« Reply #22 on: March 25, 2020, 05:04 PM »
Apparently Festool isn't as bad and greedy a company as some think as I read a post from Shane Holland today indicating that Festool is freezing prices with no April price increase. I think I read it was for 2 years also. Just thought you all might want to know.

Regarding ...two years also.  That is not what the statement said.  It stated in part: "To do so, at this time we are enacting a price freeze on all Festool products, extending Festool’s marketplace-pricing that has now been in place for two years."

Peter

Offline greg mann

  • Posts: 1884
Re: Festool Stimulus Program Needed
« Reply #23 on: March 25, 2020, 05:58 PM »
Just Thinking

With the more than usual time being spent at home these days I was thinking.  Instead of Corporate Festool about to implement the yearly price increase they should be working on a price reduction stimulus package. 

With the markets fluctuations and declines someone might think this is not a good time to increase prices.  What they might think of doing is doing a 30 day price reduction of say 10% across the board to possibly stimulate sales. 

What do you think
Thanks

You got a better chance sailing around the world in a little boat  [poke]
Greg Mann
Oakland, Michigan

Offline ChuckM

  • Posts: 1716
Re: Festool Stimulus Program Needed
« Reply #24 on: March 25, 2020, 06:01 PM »
Apparently Festool isn't as bad and greedy a company as some think as I read a post from Shane Holland today indicating that Festool is freezing prices with no April price increase. I think I read it was for 2 years also. Just thought you all might want to know.

Regarding ...two years also.  That is not what the statement said.  It stated in part: "To do so, at this time we are enacting a price freeze on all Festool products, extending Festool’s marketplace-pricing that has now been in place for two years."

Peter

It would have been clear if the statement had been worded like this:

"To do so, at this time we are enacting a price freeze on all Festool products, extending a Festool’s marketplace-pricing practice that has now been in place for two years."


Offline FestitaMakool

  • Posts: 432
Re: Festool Stimulus Program Needed
« Reply #25 on: March 25, 2020, 06:04 PM »
RE: Negotiations.

Interesting opinions to read here. As mentioned negotiating are secured in culture, mostly that is. It was not long ago that negotiation wasn’t really accepted in my country either. Except for buying second hand/pre owned. Nowadays it is more accepted also in trades and in stores. We don’t as mentioned by others here, negotiate in grocery stores, even within goods only assumed having a fixed price. However, typical hardware stores and alike have come to offer a “competitive price guarantee” - Wich means that you as a customer can approach a store representative with a polite question if they will match a price seen ie in online web shops and similar and documented by you. It is from a stores perspective a solid point of keeping their regular customers close and make sure they will buy again.

I have practiced negotiation for almost my whole life. But, it is an art. And it is not more secret than being polite, respectful and approach with a friendly attitude. End goal is to make what is believed to be a good deal that both parties are happy with: Seller is left with the expression of a good sale, keeping (for most times) a healthy profit, and/or a happy customer who will buy from them again. The buyer is leaving with a price he or she believes is a competitive price, from a preferred seller. That combined with service and mutual understanding can lead to very loyal customer relations. If seller politely claims he or she cannot negotiate on the price - accept it, buy at the regular price or go away and friendly accepting the decline.

There’s a rule that says that customers are not more loyal than 3%. This is a good rule to remember, but add service and a good seller/buyer experience to the deal and you might get away with even a lot more than 3%. As for you sellers in here, contributing to the forum, you know that your contribution counts. And with times like the one we all are affected by now, I’m sure there’s a will to support regular and local dealers making a difference.
I do, locally. But I’m still a bit baffled by my regular stores that are closed and relying on their web shop, which is nation wide, so are all the other stores, then the 3% suddenly counts  [blink]
“The Stig” Yes, it is true, at least some part of it..
“If you have an old Land Rover and a fit wife, you’re most likely always busy”

Offline kevinculle

  • Posts: 327
Re: Festool Stimulus Program Needed
« Reply #26 on: March 25, 2020, 10:06 PM »
In the face of a global pandemic driven economic crisis Festool courageously decides NOT to raise prices...no, really, I just read that!

Offline Spandex

  • Posts: 58
Re: Festool Stimulus Program Needed
« Reply #27 on: March 26, 2020, 05:28 AM »
In the face of a global pandemic driven economic crisis Festool courageously decides NOT to raise prices...no, really, I just read that!
No, really, I don’t think you did just read that. No one has tried to characterise it as ‘courageous’ - not Festool, or anyone on this forum. Festool have simply said they’re no longer going ahead with a previously announced price increase.

Offline ChuckM

  • Posts: 1716
Re: Festool Stimulus Program Needed
« Reply #28 on: March 26, 2020, 10:38 AM »
This ISN'T the first time Festool has frozen its prices and not introduced an annual increase.

NOW is the time to order what you need provided you have the money to help your favorite merchants and vendors...every dollar counts at this moment for them. News: over 3 mn people have lost their jobs in the past week or two in the US; over one million in Canada. [scared] [scared] [scared]

Offline grbmds

  • Posts: 1986
Re: Festool Stimulus Program Needed
« Reply #29 on: March 26, 2020, 10:55 AM »
Regardless of how it was worded, prices are being frozen at current levels for 2 years. For some, this is a positive. For others, it appears that it isn't. I guess how you view it depends on your personal experience with Festool. Mine has been positive. I doubt they believe or are even trying to convince anyone they are saving the world by freezing their prices.
Randy