<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Marketing survey: top women&#8217;s designers should raise prices</title>
	<atom:link href="http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/feed" rel="self" type="application/rss+xml" />
	<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html</link>
	<description>Clothes, and shoes, and hair, oh my!</description>
	<lastBuildDate>Sun, 24 Apr 2011 18:05:24 +0000</lastBuildDate>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.org/?v=3.1.3</generator>
	<item>
		<title>By: Corporate SL : Reel Expression</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-20254</link>
		<dc:creator>Corporate SL : Reel Expression</dc:creator>
		<pubDate>Mon, 23 Apr 2007 16:19:32 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-20254</guid>
		<description>[...] happens when you add market research to the current designers. Back in Jan, Second Style posted a story about a market research firm selling a survey of 105 residents&#8217; opinion on women&#8217;s [...]</description>
		<content:encoded><![CDATA[<p>[...] happens when you add market research to the current designers. Back in Jan, Second Style posted a story about a market research firm selling a survey of 105 residents&#8217; opinion on women&#8217;s [...]</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: White Hyacinth</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-8547</link>
		<dc:creator>White Hyacinth</dc:creator>
		<pubDate>Tue, 06 Feb 2007 14:34:52 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-8547</guid>
		<description>This survey has proven at least one thing: There is hardly anyone who is prepared to pay L$ 5000 for it.
And so we are all forced to guess at the contents.</description>
		<content:encoded><![CDATA[<p>This survey has proven at least one thing: There is hardly anyone who is prepared to pay L$ 5000 for it.<br />
And so we are all forced to guess at the contents.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: sachi Vixen</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-6331</link>
		<dc:creator>sachi Vixen</dc:creator>
		<pubDate>Thu, 25 Jan 2007 18:20:39 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-6331</guid>
		<description>I don&#039;t feel that a survey of such a tiny group of people and the naming of a few shops, among many successful design houses, (I could name you at least 25 successful SL businesses off the top of my head), would tell me anything that my sales, genuine traffic and customers who IM to ask or tell me themselves.

While I appreciate that Mary Ellen wishes people to read the article to be fully informed, we must also remember that there is a price for this article which makes it seem less of survey and more of a money making activity to me. Where money exchanges hands I would also have to question the impartiality of those involved so for me this seems like a waste of time and I certainly wouldn&#039;t pay to read it.

Just my two pennies!</description>
		<content:encoded><![CDATA[<p>I don&#8217;t feel that a survey of such a tiny group of people and the naming of a few shops, among many successful design houses, (I could name you at least 25 successful SL businesses off the top of my head), would tell me anything that my sales, genuine traffic and customers who IM to ask or tell me themselves.</p>
<p>While I appreciate that Mary Ellen wishes people to read the article to be fully informed, we must also remember that there is a price for this article which makes it seem less of survey and more of a money making activity to me. Where money exchanges hands I would also have to question the impartiality of those involved so for me this seems like a waste of time and I certainly wouldn&#8217;t pay to read it.</p>
<p>Just my two pennies!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mary Ellen Gordon</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-6046</link>
		<dc:creator>Mary Ellen Gordon</dc:creator>
		<pubDate>Wed, 24 Jan 2007 00:23:30 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-6046</guid>
		<description>I&#039;m sure Reuters didn&#039;t deliberately misrepresent the contents of our report, but I am concerned about people getting the wrong idea from the Reuters article. I did ask for a correction on the information about the panel (which originally made it sound like 105 was the number of people on our entire research panel -- not just the sample used for this particular survey). I would have been much happier if the rest of the article discussed the fact that now there is at least some information available (which, in spite of the limitations that I&#039;ve already acknowledged seems like an improvement over the previous situation), gave more of an overview of the full range of topics covered in the report, and put issues such as pricing and store awareness in their broader context as they are in the report itself instead of making it seem like that&#039;s what the whole thing was about and that the recommendations made are more definitive than they actually are. As you say though, that&#039;s not within my control. In retrospect, I suppose it&#039;s hard to get the sort of qualifications and nuances that are in the report itself into a short article.

I&#039;m not sure it will ever be possible to completely avoid that kind of thing since it isn&#039;t fully within our control, but I definitely intend to do my best to ensure that any future articles, etc. about this or subsequent reports do provide a more complete picture and don&#039;t use individual pieces of data out of context and/or in a way that makes it likely that they&#039;ll be misinterpreted.</description>
		<content:encoded><![CDATA[<p>I&#8217;m sure Reuters didn&#8217;t deliberately misrepresent the contents of our report, but I am concerned about people getting the wrong idea from the Reuters article. I did ask for a correction on the information about the panel (which originally made it sound like 105 was the number of people on our entire research panel &#8212; not just the sample used for this particular survey). I would have been much happier if the rest of the article discussed the fact that now there is at least some information available (which, in spite of the limitations that I&#8217;ve already acknowledged seems like an improvement over the previous situation), gave more of an overview of the full range of topics covered in the report, and put issues such as pricing and store awareness in their broader context as they are in the report itself instead of making it seem like that&#8217;s what the whole thing was about and that the recommendations made are more definitive than they actually are. As you say though, that&#8217;s not within my control. In retrospect, I suppose it&#8217;s hard to get the sort of qualifications and nuances that are in the report itself into a short article.</p>
<p>I&#8217;m not sure it will ever be possible to completely avoid that kind of thing since it isn&#8217;t fully within our control, but I definitely intend to do my best to ensure that any future articles, etc. about this or subsequent reports do provide a more complete picture and don&#8217;t use individual pieces of data out of context and/or in a way that makes it likely that they&#8217;ll be misinterpreted.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Vivianne Draper</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-6038</link>
		<dc:creator>Vivianne Draper</dc:creator>
		<pubDate>Tue, 23 Jan 2007 22:35:08 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-6038</guid>
		<description>All these are good things sound like good things (without y&#039;know seeing the data). But its not what the Reuter&#039;s article said and I daresay most people won&#039;t look any deeper than that.  And while I realize you aren&#039;t responsible for what Reuters reports, I wonder that you aren&#039;t concerned that the article misrepresents what you are doing and your findings.</description>
		<content:encoded><![CDATA[<p>All these are good things sound like good things (without y&#8217;know seeing the data). But its not what the Reuter&#8217;s article said and I daresay most people won&#8217;t look any deeper than that.  And while I realize you aren&#8217;t responsible for what Reuters reports, I wonder that you aren&#8217;t concerned that the article misrepresents what you are doing and your findings.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mary Ellen Gordon</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-6030</link>
		<dc:creator>Mary Ellen Gordon</dc:creator>
		<pubDate>Tue, 23 Jan 2007 20:48:12 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-6030</guid>
		<description>The blanket statements you&#039;ve described have been made by people making assumptions about what&#039;s in the report without having actually read it. As stated previously, what we said was that designers and stores should consider their pricing policies in light of the results, which is different than saying they should change them because, as indicated previously, we realize that many other factors go into pricing decisions. What we actually found is that once you control for what is in an item (number of pieces, style, function, prims, permissions, etc.) there is no overall difference in the prices being charged by more and less well known stores in spite of the fact that a large proportion of customers are willing to pay more to buy something from a store or designer they&#039;ve had positive prior experience with than a store or designer that is unknown to them. And while that may indeed be a no brainer, it&#039;s not reflected in differential pricing in stores. So if you have given advice to less well known stores or designers to lower their prices then it has not been followed (at least in a general sense -- there obviously may be specific exceptions). 

As for the number of items in your inventory, I&#039;m not exactly sure how it&#039;s relevant unless you&#039;ve used some systematic process for selecting it and then done statistical analysis to see the composition of what&#039;s available in SL based on style, function, color, price, prims, permissions, etc. If you have done that, I&#039;m sure many people would be interested in seeing what you found. That&#039;s what we&#039;ve done and it does show what drives the prices being charged across the board in SL and not just by a single store (since obviously those who set prices for a single store know what they based their own prices on).  It also describes how those same things influence customer willingness to pay.  Everyone can comment on their own perceptions of what they personally are and are not willing to pay for, and perhaps individual stores have done the analysis required to figure that out for their own customers, but I also have not seen any other attempt to look at that across SL. Once again, if you have that information, I&#039;m sure others would be interested in seeing it.</description>
		<content:encoded><![CDATA[<p>The blanket statements you&#8217;ve described have been made by people making assumptions about what&#8217;s in the report without having actually read it. As stated previously, what we said was that designers and stores should consider their pricing policies in light of the results, which is different than saying they should change them because, as indicated previously, we realize that many other factors go into pricing decisions. What we actually found is that once you control for what is in an item (number of pieces, style, function, prims, permissions, etc.) there is no overall difference in the prices being charged by more and less well known stores in spite of the fact that a large proportion of customers are willing to pay more to buy something from a store or designer they&#8217;ve had positive prior experience with than a store or designer that is unknown to them. And while that may indeed be a no brainer, it&#8217;s not reflected in differential pricing in stores. So if you have given advice to less well known stores or designers to lower their prices then it has not been followed (at least in a general sense &#8212; there obviously may be specific exceptions). </p>
<p>As for the number of items in your inventory, I&#8217;m not exactly sure how it&#8217;s relevant unless you&#8217;ve used some systematic process for selecting it and then done statistical analysis to see the composition of what&#8217;s available in SL based on style, function, color, price, prims, permissions, etc. If you have done that, I&#8217;m sure many people would be interested in seeing what you found. That&#8217;s what we&#8217;ve done and it does show what drives the prices being charged across the board in SL and not just by a single store (since obviously those who set prices for a single store know what they based their own prices on).  It also describes how those same things influence customer willingness to pay.  Everyone can comment on their own perceptions of what they personally are and are not willing to pay for, and perhaps individual stores have done the analysis required to figure that out for their own customers, but I also have not seen any other attempt to look at that across SL. Once again, if you have that information, I&#8217;m sure others would be interested in seeing it.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Vivianne Draper</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-6018</link>
		<dc:creator>Vivianne Draper</dc:creator>
		<pubDate>Tue, 23 Jan 2007 19:47:02 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-6018</guid>
		<description>Eh I dunno.  I guess you know what you are doing but this all seems a bit skewed to me.  

1146 items comprising 2988 individual pieces of clothing?  Sorry but that&#039;s nothing.  I have more than that in my Bare Rose folder alone.  Yes BR could raise their prices and still have a lot of business.  But that would go against the grain of the BR philosophy which is high-quality inexpensive items.  (disclosure: I work for BR and have for a long time).

Stores that aren&#039;t doing well should lower their prices seems like a no-brainer to me.  I do business management in SL and have told some of my clients that -- and I didn&#039;t need market research to figure it out.  Conversely, yes some stores with a regular clientele could raise their prices -- but they risk loosing their loyal regular clientele.  Case in point: I no longer shop regularly at Pixel Dolls.  Sorry Neph, I love your shop and your clothes and when you put stuffs on sale I rush over and buy everything -- but shopping there regularly is just too expensive for me now.  Similarly, Nonna, arguably the most expensive shop in SL, is a once in a while trip for me.  I daresay that, despite very loyal followings and some of the highest quality designs and textures in SL, both designers risk loosing business by raising their prices.

I think a blanket statement such as you&#039;ve made doesn&#039;t take market research to figure out and cannot be applied across the board.  I think you do designers and businesses in a grave disservice by touting this &#039;market research&#039; you&#039;ve done without, apparently, understanding the market and what drives costs and shopping in SL.</description>
		<content:encoded><![CDATA[<p>Eh I dunno.  I guess you know what you are doing but this all seems a bit skewed to me.  </p>
<p>1146 items comprising 2988 individual pieces of clothing?  Sorry but that&#8217;s nothing.  I have more than that in my Bare Rose folder alone.  Yes BR could raise their prices and still have a lot of business.  But that would go against the grain of the BR philosophy which is high-quality inexpensive items.  (disclosure: I work for BR and have for a long time).</p>
<p>Stores that aren&#8217;t doing well should lower their prices seems like a no-brainer to me.  I do business management in SL and have told some of my clients that &#8212; and I didn&#8217;t need market research to figure it out.  Conversely, yes some stores with a regular clientele could raise their prices &#8212; but they risk loosing their loyal regular clientele.  Case in point: I no longer shop regularly at Pixel Dolls.  Sorry Neph, I love your shop and your clothes and when you put stuffs on sale I rush over and buy everything &#8212; but shopping there regularly is just too expensive for me now.  Similarly, Nonna, arguably the most expensive shop in SL, is a once in a while trip for me.  I daresay that, despite very loyal followings and some of the highest quality designs and textures in SL, both designers risk loosing business by raising their prices.</p>
<p>I think a blanket statement such as you&#8217;ve made doesn&#8217;t take market research to figure out and cannot be applied across the board.  I think you do designers and businesses in a grave disservice by touting this &#8216;market research&#8217; you&#8217;ve done without, apparently, understanding the market and what drives costs and shopping in SL.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mary Ellen Gordon</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-5955</link>
		<dc:creator>Mary Ellen Gordon</dc:creator>
		<pubDate>Tue, 23 Jan 2007 09:52:24 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-5955</guid>
		<description>I&#039;d welcome the opportunity to meet with anyone who is interested to discuss the methods used and also the tradeoffs between sample size, sample quality, data timeliness, report frequency, and price, and how we might be able to work something out that meets your needs and is economically viable for us. We also have some ideas about how we might be able to add value to the transaction data you&#039;re already collecting which I can also run by anyone who is interested.

As far as the price goes, as you&#039;ve said market research in this environment is a huge endeavor. For example, the focus in this discussion has been on the survey data, but the report also includes observational data on 1146 items comprising 2988 individual pieces of clothing. Collecting that much data takes a lot of time, and operating our panel requires considerable resources too, so we need to be able to recover some of that investment. Also, information dates quickly, so our plan all along has been to drop the price of reports once the information does start to become dated. So the information will be available at a lower price later, but it will be much more valuable to those who make use of it sooner rather than later and that&#039;s reflected in the pricing. If there is sufficient demand, we also plan to offer reports on a subscription basis, so that would also bring the price down for those who commit to a subscription for a specific number of reports. 

Anyone who does want to meet to discuss these issues is welcome to e-mail or IM me, and I can set up a mutually convenience time for those who are interested to get together.</description>
		<content:encoded><![CDATA[<p>I&#8217;d welcome the opportunity to meet with anyone who is interested to discuss the methods used and also the tradeoffs between sample size, sample quality, data timeliness, report frequency, and price, and how we might be able to work something out that meets your needs and is economically viable for us. We also have some ideas about how we might be able to add value to the transaction data you&#8217;re already collecting which I can also run by anyone who is interested.</p>
<p>As far as the price goes, as you&#8217;ve said market research in this environment is a huge endeavor. For example, the focus in this discussion has been on the survey data, but the report also includes observational data on 1146 items comprising 2988 individual pieces of clothing. Collecting that much data takes a lot of time, and operating our panel requires considerable resources too, so we need to be able to recover some of that investment. Also, information dates quickly, so our plan all along has been to drop the price of reports once the information does start to become dated. So the information will be available at a lower price later, but it will be much more valuable to those who make use of it sooner rather than later and that&#8217;s reflected in the pricing. If there is sufficient demand, we also plan to offer reports on a subscription basis, so that would also bring the price down for those who commit to a subscription for a specific number of reports. </p>
<p>Anyone who does want to meet to discuss these issues is welcome to e-mail or IM me, and I can set up a mutually convenience time for those who are interested to get together.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Shai Delacroix</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-5854</link>
		<dc:creator>Shai Delacroix</dc:creator>
		<pubDate>Mon, 22 Jan 2007 17:01:58 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-5854</guid>
		<description>I applaud the effort but i wished the the report were pulled down to a more comfortable price. As Starley mentioned, we pay attention to our own transaction stats which is already a minute sample of respondents. Market research is a huge endeavor in a MMO especially when its meant to be prescriptive.  Would it be great if anyone on their team explain the stats &amp; methods in a meet?</description>
		<content:encoded><![CDATA[<p>I applaud the effort but i wished the the report were pulled down to a more comfortable price. As Starley mentioned, we pay attention to our own transaction stats which is already a minute sample of respondents. Market research is a huge endeavor in a MMO especially when its meant to be prescriptive.  Would it be great if anyone on their team explain the stats &amp; methods in a meet?</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Mary Ellen Gordon</title>
		<link>http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html/comment-page-1#comment-5813</link>
		<dc:creator>Mary Ellen Gordon</dc:creator>
		<pubDate>Mon, 22 Jan 2007 01:16:07 +0000</pubDate>
		<guid isPermaLink="false">http://blog.secondstyle.com/2007/01/marketing-survey-top-womens-designers-should-raise-prices.html#comment-5813</guid>
		<description>I agree with Luth&#039;s point that it often doesn&#039;t make sense to try to please the &quot;average&quot; consumer because individual differences are lost in averages. But any respectable research should go beyond the average to show the extent to which responses vary from the average and why. For example, our report identifies differences based on market segment (defined based on RL and SL style), what types of clothing people buy (by style and function), where they get their information, length of time in SL, etc. It also identifies how the prices charged by stores vary from an overall average price based on things like the number of pieces included, whether prims or flexiprim pieces are included, permissions, type of clothing, etc.

As for the broader question of &quot;why&quot; that observation about averages really answers it. Sure, some people are just interested in making what they like no matter what anyone else thinks, but other people may be trying to make things that appeal to a particular group of people or appeal to as many people as possible. Some of those people may welcome the opportunity to get additional input (beyond what they are able to get through any formal or informal data they collect on their own) about what it is that people do want, whether people are indeed finding the things that are already available that are consistent with their own preferences, and what factors influence the prices being charged by others offering comparable items. People have different preferences about the amount and type of information they want just as they have different preferences about the amount and type of clothes they want. So the same logic applies, why expect everyone to be the same?</description>
		<content:encoded><![CDATA[<p>I agree with Luth&#8217;s point that it often doesn&#8217;t make sense to try to please the &#8220;average&#8221; consumer because individual differences are lost in averages. But any respectable research should go beyond the average to show the extent to which responses vary from the average and why. For example, our report identifies differences based on market segment (defined based on RL and SL style), what types of clothing people buy (by style and function), where they get their information, length of time in SL, etc. It also identifies how the prices charged by stores vary from an overall average price based on things like the number of pieces included, whether prims or flexiprim pieces are included, permissions, type of clothing, etc.</p>
<p>As for the broader question of &#8220;why&#8221; that observation about averages really answers it. Sure, some people are just interested in making what they like no matter what anyone else thinks, but other people may be trying to make things that appeal to a particular group of people or appeal to as many people as possible. Some of those people may welcome the opportunity to get additional input (beyond what they are able to get through any formal or informal data they collect on their own) about what it is that people do want, whether people are indeed finding the things that are already available that are consistent with their own preferences, and what factors influence the prices being charged by others offering comparable items. People have different preferences about the amount and type of information they want just as they have different preferences about the amount and type of clothes they want. So the same logic applies, why expect everyone to be the same?</p>
]]></content:encoded>
	</item>
</channel>
</rss>

