Was “Pricing according to Geller’s book”
Hi Noel,
I’ve been skipping this thread and just caught the tail end of it.
So I’m sure that a lot has been said about this by now. Over the
years many people have told me that I was a great salesman. Its a
wonderful complement, but the secret truth is that I’m not.
What I do is teach. What I discovered nearly 40 years ago is that I
needed something exciting in every piece that I can educate my
customers about, explain why they should have It. So I endeavored to
add more to each of my pieces. Every season my clients would return
to my Cayman Islands store and I would be ready for them with my next
inventions. Over the years they became collectors and I became a
designer. Adding value to each jewel became a never ending quest for
significance, importance and collectability. Quality, beauty,
functionality and integrity are all part of this quest.
Over time my work developed a certain style or feel that reflex my
ability and preferences. These have been shaped by the response
(negative and positive) of the thousands of collectors that I have
placed my work with. But here is the point, I don’t ever remember
closing a sale. I just teach them about my work and attempt to pass
on some of the passion that I have for each piece. At some point in
the process they ask me for the price and I tell them. If they are in
love with my work they will buy it, if not, we both had a good time,
and I learnt something from their response and they will always
remember what it felt like to wear one of my creations. Usually they
come back.
It took me a long time to discover that I create jewellery so that
people will respond to it in as many ways as possible. Maybe I Just
don’t like to close. By the way I never design for price. I never
discount. I never make the price important. I never assume that they
don’t have money. In my heart I know that they want the best, not
"the best for the money". Always be prepared to walk a way from a bad
sale, even if you can’t pay your rent. The problem with “sales
training” is it makes the sale important, not the jewel that you
have created.
Dennis Smith