What are some items that you know are overpriced?

Posted: 12 years ago 34 replies

INTERNET MARKETING

I'm thinking of getting into starting an online store and am thinking about items with good margins. Hope to get a few ideas here and hopefully the responses shall help not only me but perhaps you as well.

Came across the following link when researching online. Some items here may seem out of one's reach as an e-retailer, but they've been done before and quite successfully so for some of them:

20 of the World

Looking forward to more high margin product ideas

Thanks in advance!

#items #overpriced

Bukmedia

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12 years ago

Designer clothes in general - not just the jeans listed on that link.
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- kenzik
  
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  12 years ago
  
  That's a neat list. I just got some ideas myself from that... ! Thanks!
  
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  12 years ago
  
  Originally Posted by kenzik
  
  That's a neat list. I just got some ideas myself from that... ! Thanks!
  
  Anyone else?..
  
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Lloyd Buchinski

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12 years ago

Apple and Starbucks are the most over priced companies I know of
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12 years ago

This probably won't help you, but I remember reading about 10 years ago that movie theatre popcorn is the most overpriced item on the planet...even more than diamonds!

Movie theatres buy 20 pound bags of corn kernels for a few bucks and sell a medium sized popcorn for $7. One 20 pound bag can make A LOT of medium popcorns!

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12 years ago

Originally Posted by XanBarksdale

I read that earlier in the year

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12 years ago

Originally Posted by XanBarksdale

I think the most over priced commodity is the tiny bottles of ink for printers
They've got a captive market.

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12 years ago

Breakfast cereals are also very overpriced. My understanding
is that the packaging of the most popular brands of cereals are
more expensive than the contents. The major companies
simply decide to price high and consumers buy. Hence, why
I make my own cereal--granola from oatmeal.

-Ray Edwards

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vicdublin

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12 years ago

I second Bulkmedia, all designer stuff are highly overpriced.
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- cashp0wer
  
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  12 years ago
  
  Designer stuff and Apple are the first things that immediately popped into my head and especially Apple.
  
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  12 years ago
  
  Originally Posted by cashp0wer
  
  Designer stuff and Apple are the first things that immediately popped into my head and especially Apple.
  
  I think Apple stuff is reasonably priced. All of their products are high end and you definitely get what you pay for!
  
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- TheEliteWarrior
  
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  12 years ago
  
  Originally Posted by vicdublin
  
  I second Bulkmedia, all designer stuff are highly overpriced.
  
  True and Zara is making a killing by selling cheaper designer stuff.
  
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  SteveSRS
  
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  12 years ago
  
  Originally Posted by XanBarksdale
  
  I think Apple stuff is reasonably priced. All of their products are high end and you definitely get what you pay for!
  
  Everything that has an Apple logo is over priced.. and you are def not getting what you pay for.. that is just their marketing brilliance..
  .... Making you believe they invented new stuff where they also just copied long time existing products and gave it a good marketing spin and a design update.
  
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  12 years ago
  
  Originally Posted by TheEliteWarrior
  
  True and Zara is making a killing by selling cheaper designer stuff.
  
  You can say that again TheEliteWarrior, It shows that there is a way to make all designer stuff " a bit" cheaper, but i learnt that going cheaper would not be fit purpose.
  
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12 years ago

Originally Posted by Raydal

Interesting. Wondering how this can be an online business venture...

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danej

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12 years ago

Diapers and formula
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- vicdublin
  
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  12 years ago
  
  Originally Posted by danej
  
  Diapers and formula
  
  danej, Do you thinks so? Hmmm!.....never really thought about them as I buy them loads.
  
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  Steve B
  
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  12 years ago
  
  Cologne and Perfume
  
  In-room snacks in the little refrigerators in hotels
  
  Pistachios
  
  Popcorn at the movies
  
  Non-generic Prescriptions
  
  Downtown parking
  
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  12 years ago
  
  [QUOTE=Steve B;7406752]Cologne and Perfume
  /QUOTE]
  
  Does this apply if a retailer sells branded cologne/perfume? I wonder if the perfume/cologne brands offer good retailer discounts...
  
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  TheEliteWarrior
  
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  12 years ago
  
  Originally Posted by vicdublin
  
  danej, Do you thinks so? Hmmm!.....never really thought about them as I buy them loads.
  
  I checked this but the top Google results for affordable diapers sell branded diapers. One might need to order a large amount for the Huggies/Diapers to give a decent discount for retailers I reckon.
  
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  12 years ago
  
  World stock indices
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draede

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12 years ago

Nothing is overpriced. It is priced at exactly what people will pay for it.
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markmatthews

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12 years ago

I believe apparels are overpriced. They seem to be priced according to its branding.

- Just a random thought
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Randall Magwood

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12 years ago

Canon digital cameras. They sell for $2,000 and more, and sell fast.
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Alex Blades

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12 years ago

What are some items that you know are overpriced?

Ummmm, gas
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Anurag96

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12 years ago

that's a really good list...
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12 years ago

Overpriced and high margins aren't the same thing.

Pricing is all relative to the target market. Jeans for $500 might be overpriced to a market used to paying $100 for jeans, but is reasonable for someone who normally pays $500+ for every pair.

Margins are just math (sometimes complex accounting-style math, but for here just basic math), and not subjected to what any person thinks about the selling price.

The highest margin industries are usually going to be the service industries.

Here are some products that I know have incredibly high margins:

Printer Ink, Perfume, Makeup, Bottled Water, Coffee, Tea, Wine (almost all beverages really), and Furniture (more along the lines of custom, not big-box).

Of course here in this market space are informational products. I sell (not IM/MMO niche) an ebook for $50 and an ebook/video upsell for $90, the margins on those are obviously through the roof.

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FredJones

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12 years ago

Overpriced where? And how?

In Internet Marketing, dishonesty often proves to be overpriced.

In the auction market, the highest bid is always overpriced.

In life, most professionals are overpriced, especially the mid-level managers in large-scale enterprises.

In the tangible world, money is overpriced too heavily - we often pay with a lot of our lives for money.

I can think of a few more overpriced items, but the above should be good to get started.
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12 years ago

Originally Posted by WarrenPeterson

Printer Ink, Perfume, Makeup, Bottled Water, Coffee, Tea, Wine (almost all beverages really), and Furniture (more along the lines of custom, not big-box).

I looked into printer ink and the problem for selling that thru e-commerce is it's compatibility to other printers. Quite a hard sell for unbranded printer ink's.

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ElaineBedfordd

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12 years ago

diesel jeans - I've owned only one pair which tore 2 months after I bought them; I have never had jeans tear before or after that
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Zabrina

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12 years ago

Water in the desert.

Also, hearing aids. You're lucky to get away with paying $4,000 for a good pair, and they're supposed to be replaced every five years... bah.
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ceenote100

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12 years ago

Gas isn't on the list.
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tyronne78

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12 years ago

Printer ink,movie popcorn,starbucks,pumpkin seeds
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brianboyer

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12 years ago

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What are some items that you know are overpriced?

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