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#21
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... a George Foreman grill?
On Fri, 02 Feb 2007 21:45:54 -0500, Alan wrote:
On Fri, 02 Feb 2007 16:54:15 -0500, "Bob in CT" wrote: On Fri, 02 Feb 2007 15:59:23 -0500, Alan wrote: On Thu, 1 Feb 2007 21:46:49 +0200, "Opinicus" wrote: "Utter Simpleton" wrote in message . .. Can you cook I've seen this referenced a lot. "George Foreman himself has made over $150 million from the sales of the grills" http://en.wikipedia.org/wiki/George_Foreman_Grill What exactly was the relationship between this pugilist and a cooking device? Somehow, I bet Salton, or whoever manufactures those grills has made over $150million, but I bet Mr. Foreman's contract stipulates a small percent for the use of his name. People ALWAYS over estimate how much public figures make. Alan In this case, you're wrong: "Lucrative, too. Foreman won't say how much he has made as a product endorser, but he doesn't dispute a published estimate that his lifetime earnings are about $240 million -- three times what he earned in the ring. In 1999, Salton bought the rights to use his name and selling skills in perpetuity for $127.5 million in cash and $10 million in stock. It stands as one of the biggest endorsement deals for any athlete." http://www.businessweek.com/magazine...1/b3913093.htm Well. I'll be........................... I'm in shock, too. It's way more money than I thought he'd make. -- Bob in CT |
#22
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... a George Foreman grill?
Bob in CT wrote:
:: On Fri, 02 Feb 2007 21:45:54 -0500, Alan wrote: :: ::: On Fri, 02 Feb 2007 16:54:15 -0500, "Bob in CT" ::: wrote: ::: :::: On Fri, 02 Feb 2007 15:59:23 -0500, Alan wrote: :::: ::::: On Thu, 1 Feb 2007 21:46:49 +0200, "Opinicus" ::::: wrote: ::::: :::::: "Utter Simpleton" wrote in message :::::: . .. ::::::: Can you cook :::::: :::::: I've seen this referenced a lot. :::::: :::::: "George Foreman himself has made over $150 million from the :::::: sales of the :::::: grills" :::::: http://en.wikipedia.org/wiki/George_Foreman_Grill :::::: :::::: What exactly was the relationship between this pugilist and a :::::: cooking device? ::::: ::::: Somehow, I bet Salton, or whoever manufactures those grills ::::: has made over $150million, but I bet Mr. Foreman's contract ::::: stipulates a small percent for the use of his name. ::::: ::::: People ALWAYS over estimate how much public figures make. ::::: ::::: Alan ::::: :::: :::: In this case, you're wrong: :::: :::: "Lucrative, too. Foreman won't say how much he has made as a :::: product endorser, but he doesn't dispute a published estimate that :::: his lifetime earnings are about $240 million -- three times what :::: he earned in the ring. :::: In 1999, Salton bought the rights to use his name and selling :::: skills in perpetuity for $127.5 million in cash and $10 million in :::: stock. It stands :::: as one of the biggest endorsement deals for any athlete." :::: :::: http://www.businessweek.com/magazine...1/b3913093.htm ::: ::: Well. I'll be........................... ::: ::: :: :: I'm in shock, too. It's way more money than I thought he'd make. Certainly given that he went into a years long funk after Ali beat him down. I'd say he recovered well! I'm happy for the big guy, but I hope he stays out of the ring. He was a terror in his prime. The only way Ali could beat him was to outsmart him. |
#23
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... a George Foreman grill?
Pat wrote:
:: What I think is that this design was planned...For example: the :: first year the Foreman grills came out, there was no way to alter :: the temperature settings and the grids were fixed. The next year, :: the temperature control was introduced. Then, the removable grids :: were introduced. I think this was planned from the get-go----a sort :: of "arc" of the lifetime of the grill, just as TV shows have a :: development arc of their stories. :: :: Count me as a skeptic... Why be a skeptic on a perfectly sound business model? What you're saying doesn't sound far-fetched to me. They are into it to make money and we only have to buy if we want to. Of course, they probably didn't think that far ahead....they just realized they had something and looked for ways to improve it to make even more $$$! |
#24
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... a George Foreman grill?
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#25
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... a George Foreman grill?
Why be a skeptic on a perfectly sound business model? What you're saying doesn't sound far-fetched to me. They are into it to make money and we only have to buy if we want to. Of course, they probably didn't think that far ahead....they just realized they had something and looked for ways to improve it to make even more $$$! So, you do think it was part of the business model to bring out "adjustments" every year? After all, a variable thermostat switch was not something unusual back when the first Foreman Grill was introduced... Pat in TX |
#26
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... a George Foreman grill?
"Roger Zoul" wrote:
Pat wrote: :: What I think is that this design was planned...For example: the :: first year the Foreman grills came out, there was no way to alter :: the temperature settings and the grids were fixed. The next year, :: the temperature control was introduced. Then, the removable grids :: were introduced. I think this was planned from the get-go----a sort :: of "arc" of the lifetime of the grill, just as TV shows have a :: development arc of their stories. :: Count me as a skeptic... Why be a skeptic on a perfectly sound business model? What you're saying doesn't sound far-fetched to me. They are into it to make money and we only have to buy if we want to. Of course, they probably didn't think that far ahead....they just realized they had something and looked for ways to improve it to make even more $$$! My take is that simpler products usually sell better than complex products, so at first they trimmed it down to a tiny set of features. Since it sold well that way they started adding features and variety. I don't think the arch was planned in advance because they couldn't have known the first model was going to sell well. But once it did sell well the arch of adding features became obvious. About the only one that surprised me was the grill on a pedestal that tries to replace the charcoal/propane grill. |
#27
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... a George Foreman grill?
Pat wrote:
::: Why be a skeptic on a perfectly sound business model? What you're ::: saying doesn't sound far-fetched to me. They are into it to make ::: money and we only have to buy if we want to. Of course, they ::: probably didn't think that far ahead....they just realized they had ::: something and looked for ways to improve it to make even more $$$! ::: :: :: So, you do think it was part of the business model to bring out :: "adjustments" every year? After all, a variable thermostat switch :: was not something unusual back when the first Foreman Grill was :: introduced... It could be....time to market might have prevented that addition on the first models....capturing the minds eye of the public is very important....get big GF (with the winning smile) out there generating interest...they make an initial investment, see how that goes, if well, more money goes into for a newer/better models. Of course, they could have put all the good stuff in the first model (or come out with 3 models at once) (but that takes more investment dollars), which would mean that neither you nor I would have to consider dumping our current one to get one with better stuff. So we might feel putout (I know I do). But unless we were there, we can't know what factors really influenced it. From a business POV, several factors play in. |
#28
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... a George Foreman grill?
Doug Freyburger wrote:
:: "Roger Zoul" wrote: ::: Pat wrote: ::: ::::: What I think is that this design was planned...For example: the ::::: first year the Foreman grills came out, there was no way to alter ::::: the temperature settings and the grids were fixed. The next year, ::::: the temperature control was introduced. Then, the removable grids ::::: were introduced. I think this was planned from the get-go----a ::::: sort of "arc" of the lifetime of the grill, just as TV shows have ::::: a development arc of their stories. ::: ::::: Count me as a skeptic... ::: ::: Why be a skeptic on a perfectly sound business model? What you're ::: saying doesn't sound far-fetched to me. They are into it to make ::: money and we only have to buy if we want to. Of course, they ::: probably didn't think that far ahead....they just realized they had ::: something and looked for ways to improve it to make even more $$$! ::: :: :: My take is that simpler products usually sell better than complex :: products, "Lower cost models sell better than high cost models" would be another way to say that. Certainly, the initial outlay of funds supports doing so. :: so at first they trimmed it down to a tiny set of features. Since it :: sold :: well that way they started adding features and variety. I don't :: think the :: arch was planned in advance because they couldn't have known the :: first model was going to sell well. It very well could have been planned using the logic you wrote. But once it did sell well the :: arch of adding :: features became obvious. Which meant it was obvious even before. Frankly, I don't see an evil intent here. A lot of people didn't buy he first models. So there were plenty of new customers to sell to. :: :: About the only one that surprised me was the grill on a pedestal that :: tries :: to replace the charcoal/propane grill. Hey, sometimes you never can tell for sure what will be a hit and what won't. |
#29
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... a George Foreman grill?
There was no big conspiracy. It was a no-brainer product for no-brainers like me. I think they probably were trying to make an
appliance a seven year old latchkey kid could make dinner in (though they couldn't market it that way, of course.) It was also probably imagined as a way a student could cook, sans water or utensils, on the desk in his dorm room. It was the entire product category when it started. The other grills didn't compete - they were too complex. Their removable plates were a PROBLEM the Foreman grill was trying to solve. They added complexity, cost, and were originally seen as harder to clean. (The GF was sold in infomercials as something that a paper towel could clean. Not completely true, but before you owned it, you didn't know that.) But then: - the product was a runaway success - competitors were attracted, who differentiated by featurizing - Salton was forced to add complexity, or get left behind. No one imagined there would be so many spinoff products at the beginning, just as they never imagined the grill would be so successful. That's the REAL reason they gave Foreman such a rich deal -- he got a percentage early on because they didn't want to give him the cash. Foreman had a name, but he was in trouble. He was looking to stay off the streets. (The recent payout was just a modification of the original deal.) "Roger Zoul" wrote in message ... Doug Freyburger wrote: :: "Roger Zoul" wrote: ::: Pat wrote: ::: ::::: What I think is that this design was planned...For example: the ::::: first year the Foreman grills came out, there was no way to alter ::::: the temperature settings and the grids were fixed. The next year, ::::: the temperature control was introduced. Then, the removable grids ::::: were introduced. I think this was planned from the get-go----a ::::: sort of "arc" of the lifetime of the grill, just as TV shows have ::::: a development arc of their stories. ::: ::::: Count me as a skeptic... ::: ::: Why be a skeptic on a perfectly sound business model? What you're ::: saying doesn't sound far-fetched to me. They are into it to make ::: money and we only have to buy if we want to. Of course, they ::: probably didn't think that far ahead....they just realized they had ::: something and looked for ways to improve it to make even more $$$! ::: :: :: My take is that simpler products usually sell better than complex :: products, "Lower cost models sell better than high cost models" would be another way to say that. Certainly, the initial outlay of funds supports doing so. :: so at first they trimmed it down to a tiny set of features. Since it :: sold :: well that way they started adding features and variety. I don't :: think the :: arch was planned in advance because they couldn't have known the :: first model was going to sell well. It very well could have been planned using the logic you wrote. But once it did sell well the :: arch of adding :: features became obvious. Which meant it was obvious even before. Frankly, I don't see an evil intent here. A lot of people didn't buy he first models. So there were plenty of new customers to sell to. :: :: About the only one that surprised me was the grill on a pedestal that :: tries :: to replace the charcoal/propane grill. Hey, sometimes you never can tell for sure what will be a hit and what won't. |
#30
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... a George Foreman grill?
Utter Simpleton wrote:
:: There was no big conspiracy. Conspiracy? Who uses such a word in marketing? It was a no-brainer product for :: no-brainers like me. I think they probably were trying to make an :: appliance a seven year old latchkey kid could make dinner in (though :: they couldn't market it that way, of course.) It was also probably :: imagined as a way a student could cook, sans water or utensils, on :: the desk in his dorm room. :: :: It was the entire product category when it started. The other :: grills didn't compete - they were too complex. Their removable :: plates were a PROBLEM the Foreman grill was trying to solve. They :: added complexity, cost, and were originally seen as harder to clean. :: (The GF was sold in infomercials as something that a paper towel :: could clean. Not completely true, but before you owned it, you :: didn't know that.) :: :: But then: :: - the product was a runaway success :: - competitors were attracted, who differentiated by featurizing :: - Salton was forced to add complexity, or get left behind. :: :: No one imagined there would be so many spinoff products at the :: beginning, just as they never imagined the grill would be so :: successful. That's the REAL reason they gave Foreman such a rich :: deal -- he got a percentage early on because they didn't want to :: give him the cash. Foreman had a name, but he was in trouble. He :: was looking to stay off the streets. (The recent payout was just a :: modification of the original deal.) :: :: :: :: "Roger Zoul" wrote in message :: ... ::: Doug Freyburger wrote: ::::: "Roger Zoul" wrote: :::::: Pat wrote: :::::: :::::::: What I think is that this design was planned...For example: the :::::::: first year the Foreman grills came out, there was no way to :::::::: alter the temperature settings and the grids were fixed. The :::::::: next year, the temperature control was introduced. Then, the :::::::: removable grids were introduced. I think this was planned :::::::: from the get-go----a sort of "arc" of the lifetime of the :::::::: grill, just as TV shows have a development arc of their :::::::: stories. :::::: :::::::: Count me as a skeptic... :::::: :::::: Why be a skeptic on a perfectly sound business model? What :::::: you're saying doesn't sound far-fetched to me. They are into it :::::: to make money and we only have to buy if we want to. Of course, :::::: they probably didn't think that far ahead....they just realized :::::: they had something and looked for ways to improve it to make :::::: even more $$$! ::::: ::::: My take is that simpler products usually sell better than complex ::::: products, ::: ::: "Lower cost models sell better than high cost models" would be ::: another way to say that. Certainly, the initial outlay of funds ::: supports doing so. ::: ::::: so at first they trimmed it down to a tiny set of features. ::::: Since it sold ::::: well that way they started adding features and variety. I don't ::::: think the ::::: arch was planned in advance because they couldn't have known the ::::: first model was going to sell well. ::: ::: It very well could have been planned using the logic you wrote. ::: ::: But once it did sell well the ::::: arch of adding ::::: features became obvious. ::: ::: Which meant it was obvious even before. Frankly, I don't see an ::: evil intent here. A lot of people didn't buy he first models. So ::: there were plenty of new customers to sell to. ::: ::::: ::::: About the only one that surprised me was the grill on a pedestal ::::: that tries ::::: to replace the charcoal/propane grill. ::: ::: Hey, sometimes you never can tell for sure what will be a hit and ::: what won't. |
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