In the news again?
Micah Griffith and Greg Nelson are back in the news. They have stood their ground and are making a way for others. Greg who isn't even affected by this asinine rule continues to spread the love by helping Micah and attending all the meetings. Micah a new vendor has cut thru more red tape than anyone should. They both have endured and the city is entertaining the idea that the two vendors suggested – to go thru a trial period. Congrats to you both. Impressed isn't a good enough word to describe how I feel. Read more here
How bout a recipe or two? Here's a great article with some fine fix ins.
I get asked daily how to price my hot dogs and value meals and it really depends on where you are and what your serving. I recently did a blog article on a guy that sells dogs for about a buck. He obviously has figured out something or he's content making a very small margin. Either way, I'm impressed. When I had furniture stores the biggest thing that I could say that led to my success was our prices. We sold dirt cheap, making $25 to $50 on a mattress and $150 on a bedroom suit. Margins like these are unheard of in the industry.
I was even reprimanded by some of the big name manufacturers not to advertise my prices on their products as they didn't want people to associate their product with being cheap. But the facts were there. Some high end furniture has huge mark ups. I would take what was to be a $12,000 bedroom suit that I paid $4,500 for and sell it for $5,000. It worked, it's not what drove me out of business, my over zealous attitude and never ending optimism was. I opened up store after store and was soon in 3 states. Dumb, dumb, dumb.
Well that's all history. Well today reader Lisa T. sent me an article about a guy that is experiencing huge success. One dollar hot dogs, one dollar drinks, in fact whatever he sells is one dollar. Get a dog, drink and chips for $2.75 a savings of .25 cents. He's located on/near a campus with a bunch of broke, penny pinching college students. Thing is; It works!
Are you selling hot dogs for $1.00? If so, I want to talk with you. I know it can be done, but I don't want to sacrifice quality. Good dogs ain't cheap. Welp, post in the comments below and let us know what your prices are. I'm still $2.00 for a loaded or plain dog and $5.00 bucks for the meal deal; two dogs, chips and a drink.
Yunz have a good weekend! Remember, have a story you want to share or a tip, let me know – I'll feature you in the blog.