Birdhunter
Member
- Joined
- Jun 16, 2012
- Messages
- 4,144
Yes, I could believe a company would budget 5% pay raise every year. I think that would be very reasonable. High performers get more and poor performers get less.
antss said:Festool's price escalation is too consistent to reflect real world inflationary adjustments. Also, do you think all their assembly "team members" get a 5% pay raise every year ?
antss said:I'm not talking theoretical birdhunter, I'm talking actuals.
antss said:It just a money grab, plain and simple. Nothing wrong with that, Festool is a business. And they're out to make a profit. All I'm saying is - call a spade a spade.
escan said:Hopefully the relationships formed here are stronger than any attachments to perceived greatness. This forum has been a great resource over the years and I hope to contribute to that once in a while.
How could they listen any less?GhostFist said:Festool needs to decide what market it's catering to. Hobbyists or professionals. I also think they should listen to the fog less. No offense intended by that I'm just saying that opinions on here aren't an accurate portrayal of what ever market they're catering to believes
Bert Vanderveen said:There is no such thing as brand loyalty. If you are a discerning consumer/buyer you want to buy the optimum tool for your needs. If that turns out, repeatedly, to be products from the same manufacturer, you might be considered 'brand loyal'. But -- the moment that brand disappoints, they loose your loyalty.
Which apparently happens quite a lot (viz The Poplar shop and other FOG-ers).
Brands, or let's say corporations, fiddle around with cost vs profits - they try to maximise return on investment. etc. The thing that sets Festool apart is that is a family owned corp. Which might imply that they are more concerned about their reputation than a Chinese conglomerate that owns brand from all kinds of origins. That is -- until they try to build up profits to sell out, but there are no indications that such is the case.
The only thing that counts is that you keep your wits about, be critical and stay blind to fancy marketing and such.
I think you hit the nail on the head,Holzhacker said:I'm not sure the complaints on the FOG are necessarily a good indicator of diminishing brand loyalty. We tend to be a picky, bitchy bunch far more than the average consumer; especially when it comes to tools. My tools put food on the table, they better perform or the manufacturer isn't going to get anymore of my money.
As far as brand loyalty, I am loyal as long as a company is making a good product that I need. And yes I'll pay a premium if I like the product enough. If the product blows then I'm not buying it. Luckily for me my Kapex hasn't had any issues. The Trion isn't any better than a Bosch but not any worse either so its ok. All the other vast amounts of festools have paid for themselves very well.
My guess (and recommendation if someone asked me, which no one will [big grin]) is that festool may be looking at the hobbyist and corporate markets more than the contractor market. Corporate clients have money, need DC and like the cache. Hobbyists will justify the cost. If I were festool I wouldn't put too much effort getting the contractor market, some effort yes but not my main focus. It would be festool competing against the low ball bidder for tool dollars, i.e. home depot, menards, etc.
WarnerConstCo. said:Who cares? Really, why care?