That's either a seal playing with a ball or a mermaid.
Logo Pizza: Hot and ready logos for sale
81–90 of 224 posts
Re: Logo Pizza: Hot and ready logos for sale
#82Earlier quoted context omitted.
Except now it's stopped at $320. That's an average of $93.33 per logo (if my math is right). They would make more money by simply selling the logos for $100 each, and they would probably sell way more logos.
If he sells all 50 that he has, he'd net an average of $1020 per logo. (First one was $40, price increases by $40 per logo, last logo is $2,000, total net is $51,000)
That's a highly unlikely "if". I doubt they'll sell any logos for much more than $400, which averages "only" $146.66 per logo. That's pretty good one-off revenue if the logos were already finished, especially considering they can probably sell the remainders on the side for some extra cash, but it's probably not a sustainable business model.
Re: Logo Pizza: Hot and ready logos for sale
#83Earlier 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.
> It is basic supply and demand. The lower the supply, the higher the price
If demand stays constant/increases..
Re: Logo Pizza: Hot and ready logos for sale
#84Earlier quoted context omitted.
Seems to be working reasonably well so far today.
Except now it's stopped at $320. That's an average of $93.33 per logo (if my math is right). They would make more money by simply selling the logos for $100 each, and they would probably sell way more logos.
make that $420,
despite arguments against (that I agree with) this model .... its working.
Re: Logo Pizza: Hot and ready logos for sale
#85Earlier 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.
This is a very interesting pricing model. As the supply decreases the equilibrium price is forced to rise regardless of demand. Also interesting that theoretically worse logo options are what's left at a higher price in the end. Could put pressure on buyers to just settle and go with something.
Re: Logo Pizza: Hot and ready logos for sale
#86Earlier quoted context omitted.
Let's say he sells the first for $40, the second for $80 etc… The total he's trying to net is $40 * 50 (50 + 1) / 2 = $51.000 Not bad!
Except nobody's going to pay nearly $1,000 for the leftovers, so there is essentially a ceiling on the number of sales that will happen. Let's say the last logo sells for $400 (it's currently stopped at $320, so I don't think that's unreasonable); that's only $2,200 in total revenue for 50 logos.
It was at $360 when I found it, and they've sold two in the last 10 minutes. Up to $420 now.
Re: Logo Pizza: Hot and ready logos for sale
#87Fun site, the magic is this one line: " Need a custom logo? Let’s chat! yo@metafizzy.co " The chance of you needing one of the pre-existing logos is small, the chance of needing a logo period is higher, and seeing the portfolio of logos gives you a starting point to imagine things. The only negative is that it might anchor you emotionally to a lower than average price if the current logo price is small enough. The we…
Yes, this is primarily a neat marketing idea, surprising that HN seems to have collectively missed this so far! Guess the hive mind is having an off day.
Re: Logo Pizza: Hot and ready logos for sale
#88Cute idea. Note that it was just changed to go up by $20 per logo sold, but that still doesn't really solve the economic problems posed by some of the comments.
Re: Logo Pizza: Hot and ready logos for sale
#89Using a .pizza domain and using "Hot & Ready" in the tagline might make the casual consumer think these are logos made out of pizza, or are on pizza with cheese in the shape of a logo, or would have to do with pizza in general.
Re: Logo Pizza: Hot and ready logos for sale
#90I like the idea of a website listing a lot of logos, me scrolling through them and picking something I need.
But I wish new logos would be added continously, priced separately, and definitely price increase on something that did not sold in the past is ridiculous. :D