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Logo Pizza: Hot and ready logos for sale

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Re: Logo Pizza: Hot and ready logos for sale

#61

Post by hellogoodbyeeee »

condescendence wrote: post #28
pram wrote: post #21

Wouldn't it make more sense that the price would go down as more are purchased, as the most popular logos are already taken? Is someone really going to pay $1000 for 'Mr. Grin'

After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)

This is exactly a business minded decision. It is basic supply and demand. The lower the supply, the higher the price. It isnt perfect because the logos aren't a commodity, some will be more liked than others. I suspect that they will either add more logos on a regular basis (e.g. four more every month) or they will add more and take away poorly performing logos to keep the price in a certain range.

Re: Logo Pizza: Hot and ready logos for sale

#62

Post by RussianCow »

IanCal wrote: post #52
RussianCow wrote: post #41

Earlier quoted context omitted.

The early momentum is great, but the problem is sales will basically stop after the price hits a certain level.

Seems like a pretty good way of finding out an upper limit to a sustainable logo sales business. Increase prices until people stop buying, relaunch with logos a bit below that cost.

I agree, seems like a great price experiment if nothing else.

Re: Logo Pizza: Hot and ready logos for sale

#64

Post by nxzero »

RussianCow wrote: post #46
VikingCoder wrote: post #44

Earlier quoted context omitted.

> I had to do some research to see if it's ever been successful. It hasn't. You failed at your research. In art, this is quite common. As an artist gains notoriety, their work goes up in price. How much do you think Picasso sold his early works for? How much do you think Picasso paintings are worth now? Also, Minecraft started out cheap and got more expensive over time.

That's completely different. You're talking about a single piece of art gaining value over time as it's bought and sold. What's happening here is the price of all remaining logos increases as sales on any other logo happen.

No, artist will commonly price a collection this way to show there's a market and get buyers to act sooner that later. It's assumed that not all of the logos will sell, and some if not all may have been versions of another logo.

Re: Logo Pizza: Hot and ready logos for sale

#65

Post by [deleted] »

tomtheelder wrote: post #49
condescendence wrote: post #28

Earlier quoted context omitted.

After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)

Have you considered that maybe he's using this pricing model because it's novel and entertaining? Perhaps maximizing his profits isn't his goal; it doesn't always have to be. Plus, any logos he doesn't sell in this scheme can just be sold individually later on. I have never previously cared even a little bit about a designer selling logos, but this one really caught my attention because of the unusual pricing scheme.

[deleted]

Re: Logo Pizza: Hot and ready logos for sale

#66

Post by tedmiston »

themartorana wrote: post #47
condescendence wrote: post #28

Earlier quoted context omitted.

After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)

Hey, we're chatting about it, right? Would a site with $100 logos make it to the front page of a highly trafficked site like this?

Hard to say. I'm sure this is a combination of:

- novel concept / unique pricing model

- reasonably good logos (I think)... at least if you can judge a logo made outside of the context of a company and knowing about it

- cool domain hack

- really nice design and fast UI

- he did the logo for something I've heard of (Bower)

Re: Logo Pizza: Hot and ready logos for sale

#68

Post by incongruity »

hellogoodbyeeee wrote: post #61
condescendence wrote: post #28

Earlier quoted context omitted.

After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)

This is exactly a business minded decision. It is basic supply and demand. The lower the supply, the higher the price. It isnt perfect because the logos aren't a commodity, some will be more liked than others. I suspect that they will either add more logos on a regular basis (e.g. four more every month) or they will add more and take away poorly performing logos to keep the price in a certain range.

Except supply is about the market – i.e.: the universe of substitutable goods. There are many, many substitutes for these logos and there's nothing unique to make these an exclusive. Now, if these were previously undiscovered works of Paul Rand, then your argument would make sense...

Re: Logo Pizza: Hot and ready logos for sale

#69

Post by tedmiston »

sambe wrote: post #33
giarc wrote: post #3

This is a great idea! I'd actually sign up for a mailing list to get notified when new logos are added. I'm aware of products like fiverr and 99Designs, but I'm worried about sinking a bunch of money into them only to get crap back. I like being able to view the logos and simply browse without any commitment.

That's funny: from what I've heard the design community has been worried about these sites since the beginning because of the possibility of doing work that ends up not being bought.

I got the impression these are rejected designs from client work.

Re: Logo Pizza: Hot and ready logos for sale

#70

Post by patio11 »

tptacek wrote: post #36
condescendence wrote: post #28

Earlier quoted context omitted.

After spending much time among entrepreneurs I find that there are very few with a "business" mind. Great idea, horrible model. This pricing model is so far out of left field that I had to do some research to see if it's ever been successful. It hasn't. Although https://github.com/metafizzy is kinda interesting (what this websites UI is based off of)

Seems to be working reasonably well so far today.

Seems to be a perfectly reasonable promotion for a designer who had a surplus of sitting-on-the-shelf work and a near-term pipeline problem. Options: a) start doing the consulting rainmaking dance or b) spend ~1 day on the fulfillment required here and get paid a few thousand dollars to showcase their work in front of people who can pay _hopefully more appropriate_ rates for their bespoke services.

If the experiment works, wonderful, if not, he'll dry his tears on $X,000 and then move forward.

As a long-term business model, I find a number of things to be problematic, but if you think of it less as Founding A Company That Will Endure For All Time and more like Spiritually Similar To A Halloween Sale, this has a lot to recommend it. As the cost of starting things goes to zero the expected value of them doesn't have to be super high to be worthwhile.

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