It's cool, but it's not $1000+ cool.
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Not sure why everyone feels the need to say how excessive they think the price for this is. This is capitalism.
This is not a necessary item for reef keeping. It's a luxury item and luxury items usually come with a higher price tag. I would love to have a Lamborghini but can't afford the $500k price tag. There is no way a lambo costs anywhere near that to actually produce but that doesn't matter. They can choose to price their product however they see fit. Could they sell more if it was a $75k car? Absolutely bit their business model doesn't function that way and their company is not about leading in volume sales.
This company is bringing a product to market that doesn't exist. Therefore with no competition they can basically price it at whatever they want. They don't have a duty to make sure they price it at a rate where 100% of hobbyist can afford it. If they want too that's great but they need to price it where they will make the profit they want to make and sell as many as they hope to sell. Until something else comes along and is actually being sold this is the market. Once there is competition the pricing will go down. As technology continues to improve the cost will go down. Now if this company was trying to sell a box of salt for $1500 then yeah that's ridiculous and the market will kill that company. This is the price you pay to be an early adopter.
All this being said, I do view the price tag as being expensive, but it's absolutely something I'll save up to get once I see some concrete reviews of it. What isn't expensive in this hobby? I blow people's minds when I tell them I have a $13,000 fish tank set up and that I basically paid $1200 for rocks to put in it. $1200 for rocks. Nobody complains about that but I paid all that money for something I can find for free somewhere if I only knew where to look. I don't so I have to pay the people that do know where to find it though.
I don't know how to make a continuous Alk testing system either so if I want one I have to nut up and pay for it.
The market hasn't/didn't determined the price. On the other thread majority(over 70% if I remember correctly) voted no to a $1000+ price tag.Well said. The market determines the pricing. Personally, I'm glad it's over a grand. If it were $600 or so I'd talk myself into buying it.
It doesn't seem to be linkable to Neptune Apex. For that kind of money I'd want the resulting data to be shown to me on Fusion.
The market hasn't/didn't determined the price. On the other thread majority(over 70% if I remember correctly) voted no to a $1000+ price tag.
The market technically has in this case, as the market is only determined by the number of people willing to pay that price for the number of units released, and apparently that many people have said that they would buy it. The market is not all of the people available, not even the majority, but simply the number of people willing to pay the price listed. I am not trying to cause any arguments here, just pointing out what I see based on my opinion. However, the fact that this is based on economic principles, and follows the same principles of economics, shows that this is completely normal. Let CoralVue make their money on the people who have signed up, allow more to sign up and then bring the technology in house to help bring price down. It's pretty simply actually, and CoralVue is trying to target that 75% who said no the first time around, so they can get more sales. CoralVue in this case is Ferrari trying to figure out how to sell one at $75K, so it's a weird business model for now, we all get that and can wait until the price comes down so we can get it.The market hasn't/didn't determined the price. On the other thread majority(over 70% if I remember correctly) voted no to a $1000+ price tag.
They can have their own opinions all they want but the purpose of this thread was to introduce a new product and get the word out there. It wasn't intended to have 3,000 people comment "omg $1500?!!". I want to get on here and read about the product and not skim through all of those useless posts. If you can't afford it then that's fine. I'm not judging anyone. It's just something that unfortunately isn't going to be reasonable for everyone.
The use of the car analogy is a good one because technically all cars are a luxury. The only thing in this world that isn't is the air your breathe, the water you drink, and whatever food you can find to consume. Everything else is some form of a luxury.
I'll go back to the Lambo example because it's easy to understand and it's valid. I have the right to go to a dealership and complain in front of everyone how expensive they are and how it's so overpriced. I could start listing out actual costs of some of the components and pointing out how much they are marked up in the cars. However I would also look like a jack@$$ to everyone there and in al honesty why would I even feel the need to do that? The Internet is turning into a place for everyone to complain about everything and think that he rest of us want to see it.
I know there aren't large corporations bringing these products to market. But there is a lot more that factors into the cost than just the components. There is all of the research labor, materials, etc. there are patents and production costs, distribution costs, software development costs and many more. You can't look at it and say "well that's basically just a $300 dosing pump, how come they are charging $1500?!?". My point in all of this was to point out that this is basic economics in play and this happens with everything else that has ever been sold. I'd rather not see 15 pages of people complaining about the price. Come in and read about the product, decide if it's something that would be worth $1500 to you and if not then nobody has a gun to your head. Disregard the thread and move on.
Because everyone can express their opinions so long as it doesn't violate the rules set in place by R2R. I am pretty sure each company that posts a product have already prepared for skepticism or opinions from readers.
Why does everyone use cars as the analogy for luxurious items in this hobby? The two are not even in the same tier and the uses for autombiles outweigh the uses of a tank. To say that this item is a luxury is incorrect; this entire hobby is a luxury.
Yes, this company is bringing to the market a product that will make keeping SPS a lot easier but that doesn't mean they should set a farfetched price for it. Either way, there are more companies joining this market. If I remember correctly, all these units that are coming to market were made by hobbyists, not R & D teams of business. I think I recall seeing this one on Facebook months ago made and tested overseas by a hobbyist.
In the end, this hobby is more than about you. Just because you can afford doesn't mean you should belittle anyone else who can't. The people make this hobby great. Without them, there would be a lack of interest and job-loss.
FWIW, I am a technophile. I love to buy new technology because I can afford to do so; you can tell by how much I buy and sell things on here after I move on to the next new item. It is because I can do so and I enjoy it. On the otherhand, I am no fool and no when an item is overpriced.
The market hasn't/didn't determined the price. On the other thread majority(over 70% if I remember correctly) voted no to a $1000+ price tag.
Not sure why everyone feels the need to say how excessive they think the price for this is. This is capitalism.
This is not a necessary item for reef keeping. It's a luxury item and luxury items usually come with a higher price tag. I would love to have a Lamborghini but can't afford the $500k price tag. There is no way a lambo costs anywhere near that to actually produce but that doesn't matter. They can choose to price their product however they see fit. Could they sell more if it was a $75k car? Absolutely bit their business model doesn't function that way and their company is not about leading in volume sales.
This company is bringing a product to market that doesn't exist. Therefore with no competition they can basically price it at whatever they want. They don't have a duty to make sure they price it at a rate where 100% of hobbyist can afford it. If they want too that's great but they need to price it where they will make the profit they want to make and sell as many as they hope to sell. Until something else comes along and is actually being sold this is the market. Once there is competition the pricing will go down. As technology continues to improve the cost will go down. Now if this company was trying to sell a box of salt for $1500 then yeah that's ridiculous and the market will kill that company. This is the price you pay to be an early adopter.
All this being said, I do view the price tag as being expensive, but it's absolutely something I'll save up to get once I see some concrete reviews of it. What isn't expensive in this hobby? I blow people's minds when I tell them I have a $13,000 fish tank set up and that I basically paid $1200 for rocks to put in it. $1200 for rocks. Nobody complains about that but I paid all that money for something I can find for free somewhere if I only knew where to look. I don't so I have to pay the people that do know where to find it though.
I don't know how to make a continuous Alk testing system either so if I want one I have to nut up and pay for it.
If they have $1000+ to spend on corals, they have $1000 for this too.Great product but I dont honestly see how a person whom is successful with sps would drop $1000+ on this when their current methods are clearly working. That $1000+ could go towards more corals
Maybe Coralvue should send out 10 units for beta testing at a more reasonable pricing. If I were you, I would send one to Than of Tidalgardens because of his Youtube base and informative, quality videos.
Buying a $1000+ worth of corals is not the same as buying this device. This hobby is about keeping marine life and not keeping equipment.If they have $1000+ to spend on corals, they have $1000 for this too.