What's the Price-Match Guarantee?
Simple: If another legitimate dealer (one with a dedicated website - not eBay - and a listed phone contact ) is selling our products at a discount, we will match that price. Simply buy the product as listed on our website and send us a link to the other dealer's discounted item. We'll adjust your PayPal transaction to credit the difference.
Why do we no longer offer everyday discounts on our products?
Some dealers objected to our customer loyalty VIP discounts as unfair competition. So we made the changes. We will continue our pre-release discount offers via eMail.
Why do we offer items at pre-release
discounts?
Lots of reasons.
First, doing so allows us to reward
customer loyalty. Most of those who are pre-release customers
have bought from us before. They are comfortable with our reputation,
they appreciate our quality, and they want to be the first to
enjoy the most current release.
Second, we use early sales as a test-marketing
tool. We usually adjust our production order depending on the
pre-release response - which keeps prices at a reasonable level.
Finally, we are employing a principle
in entrepreneurship known as "O.P.M.". Other People's
Money. It costs a small fortune to produce the quality products
for which we're becoming known. As an example, Eye Candy's printing
bill alone was in the high four figures. Borrowing the money
from a bank becomes a cost of business to be passed on to customers
through higher prices. Instead we offer customers a whopping discount
on advance purchases, with those sales offsetting our production
expenses. Everyone wins. And due to our product guarantee, they
can't lose.
How do we set our retail selling
prices?
We design and produce Mentalism and
really don't want to schlep around in a warehouse, run to the
post office, or hassle with accounts receivable. We aren't in
the bean-counting business. That means we only wholesale our product
to dealers we like, who respect our investment, and pay their
bills. Everyone who touches the merchandise, from the distributor
to the parcel delivery driver to the retail shop owner needs to
make a profit to keep the doors open.
Let's work it in reverse. Say an item
sells for $100. A standard retail margin is 40%. That means the
dealer pays about $60, plus shipping. The wholesaler makes 25-33%,
obviously getting much more enthusiastic about products which
allow him a better markup. So backing another 33% out of the remaining
$60 gets down to a 'jobber/distributor' price of $40. The difference
between that amount and our total expenses is Mentalism Unlimited's
profit. Experience has provided a rule-of-thumb formula which
we apply to a potential product midway in the development phase
when we have a good idea of what it's going to cost us to produce.
After we apply the formula, we take a look at the resulting retail
price and decide whether to continue. Unlike many others in this
business, we don't fold in some imaginary value "for the
secret". We simply calculate our selling price using a formula
which allows for everyone in the chain of distribution to make
a living and then round the figure to the nearest ten bucks.
Where do we get our ideas?
Out of thin air. Really. Sometimes an
idea just 'shows up' in our heads and we get to work on it. More
often, however, these are concepts that have been knocking around
in our minds for ages - principles in search of a good presentation
or sometimes a great routine idea in need of a method. Other products
are variations on classics or our own personal performance material.
At any given time we have up to a dozen potential products in
various stages of development. Some take half a year to design
(Double Vision) while others advance much more quickly. At every
step in the process we challenge one another to get the most out
of the item and bring our collective experiences to bear. When
we're both happy with the result, we get to work on production.
Some of our product descriptions
sound too good to be true.
Remember the guarantee? It helps keep
us from getting carried away. Here's an open secret: Larry Becker
spent his professional life as an owner/partner in a top-notch
advertising agency and there is no one better at composing superb
advertising copy. It's fascinating to see him engaged in the process.
Lee Earle has worked as an entrepreneurial entertainer his entire
life. He understands a professional performer's needs and 'tweaks'
the copy to hit the high points. But regardless of their ways
with words, if the products don't live up to expectations, a lot
of returned packages will be waiting at the post office. So you
can count on one thing - the only reason the ads sizzle is because
we're serving steak - not chopped liver.
I have a great idea for a product.
Are you interested?
Yes. But don't expect to make a fortune
if it turns out to be something we can work with. We don't have
the inclination to manage royalties, percentages, or residuals
but instead purchase all rights to an item for a lump sum amount
and reserve the option to alter, change, adjust, rewrite, and
re-engineer as we see fit. As indicated above, there is huge investment
in development before any product is ready to hit the dealer shelves
and, incredible as it may seem, some projects just get abandoned
and written off. Before you submit anything please contact
us first.