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Post by Michael Messer on Dec 10, 2022 13:40:57 GMT
I am really sorry about this, but....
Yesterday I had a meeting with my accountant. We started looking at the figures for this year and I rather proudly told her about the price increase that I introduced recently. Much to my surprise having looked through my new prices and recent sales, rather than congratulating me on being "on the ball" so to speak, she chuckled and asked if I was planning to apply for charity status for MM Guitars, and if so, had I considered who might be the trustees.
Having known me for many years she then asked if had noticed how much more it is costing to buy and import the guitars, and if I had noticed a drop in the profits, to which I replied that I have and that I just put that down to the current state of our country and world.
So the situation is that I now have to put my prices up right across the MM range to come in line with rising costs and inflation, and to deliver me a decent profit. That will be as little as I can, but it will have to be a substantial amount. This will be put into place to start from 1st January 2023.
I will post more information when I have digested this and worked out what these new prices will be.
It's a strange world because I feel obligated to keep my prices as low as possible and to apologise to my customers about having to increase them, but that is not how 99.9% of companies deal with it, they just put their prices up and we as customers have to accept them or not buy the product.
I thank all forum members and MM Guitars customers for your support.
Shine On
Michael
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Post by snakehips on Dec 12, 2022 12:44:42 GMT
Hi there !
The real cost of making these guitars, including everything up till the point they are ready to be sent to a customor, plus a decent chunk of money to make it worth your while spending the hours that you do AND HAVE DONE, to make these guitars available, is what it is fair to charge (at the very least).
I really don't think you have anything to apologise for.
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Post by Pickers Ditch on Dec 12, 2022 12:49:46 GMT
Still the best value in the whole guitar market by miles and miles and miles.
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Post by bonzo on Dec 12, 2022 13:50:56 GMT
As Roger Daltry once sed! 😊🎶
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Post by Michael Messer on Dec 12, 2022 17:46:01 GMT
As Roger Daltry once sed! 😊🎶 He also said "I hope I die before I get old...." and didn't get his wish. Shine On Michael |
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Post by Michael Messer on Dec 12, 2022 17:52:41 GMT
Thank you everyone, your kind words of support are much appreciated. 🙏
Most guitar companies are owned and run by business people. I am not and I don't want to be that, I am a musician and because of my love of resonator guitars and my knowledge about them, fourteen years ago my guitar business organically formed around me.
Shine On
Michael
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Post by dunvettin on Dec 13, 2022 12:52:43 GMT
When i purchased my "Lightning" from you 4 years ago I signed off our e-mail exchange by describing you as a scholar and a gentleman and this thread confirms that I was correct in my belief.
Happy Days
Tim
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Post by Michael Messer on Dec 13, 2022 19:10:42 GMT
When i purchased my "Lightning" from you 4 years ago I signed off our e-mail exchange by describing you as a scholar and a gentleman and this thread confirms that I was correct in my belief. Happy Days Tim 🙏😎 Actually I'm just a troublemaker masquerading as a musician! Shine On Michael |
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Post by jono1uk on Dec 13, 2022 20:20:58 GMT
Love my Blues and '28 .
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Post by thebluesbear( al) on Dec 16, 2022 0:16:01 GMT
Michael, since,2009 I have been playing your instrument's . you have provided a fantastic service at a very reasonable price..... altogether I have 7 mm guitar's.....my bandmate suggested I name them after days of the week......I call them the magnificent seven. Your accountant is correct, you have nothing to apologize for... Merry Christmas.al
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Post by mckinleybe1 on Dec 17, 2022 17:53:45 GMT
I picked up the MM Blues 12 fret model used in the US earlier in the year. They don’t show up here that often. I already have a ‘30 Triolian and a ‘33 Rosita. Having followed this forum for years I new the MM Blues would be a great guitar to own and take to places I wouldn’t take the old Nationals. These are great guitars. I can’t say that enough. The new prices are still an unbelievable deal. Then you have Michael who offers up the very best in supportive customer service and the priceless knowledge of resonator guitars. Lastly, the story of how these came to even be is amazing to me. Thanks, Michael for these great guitars.
All the best,
Brian
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Post by adrianlee on Dec 20, 2022 3:17:05 GMT
In this day and age, principles such as yours are rare indeed. Please do what you have to do to continue bringing us these instruments.
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Post by Michael Messer on Dec 31, 2022 12:40:24 GMT
After much deliberation I have now raised the prices of MM Guitars to enable me to continue. It is quite a leap, but I had to do it to come in line with everything in my supply chain getting so much more expensive.
As of 1st January 2023 these are the prices of MM Guitars. (all prices are in GBP)
MM Fiddle Edge - £1895.00
MM Lightning - £849.00
MM Blues 12 fret - £839.00
MM Blues 14 fret - £835.00
MM Blues 28 - £825.00
MM Blues 36 - £795.00
Shine On
Michael
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Post by Pickers Ditch on Dec 31, 2022 12:56:42 GMT
Still the best value in the guitar world!
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buddy
MM Forum Member
Posts: 1
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Post by buddy on Jan 1, 2023 18:22:16 GMT
I am really sorry about this, but.... Yesterday I had a meeting with my accountant. We started looking at the figures for this year and I rather proudly told her about the price increase that I introduced recently. Much to my surprise having looked through my new prices and recent sales, rather than congratulating me on being "on the ball" so to speak, she chuckled and asked if I was planning to apply for charity status for MM Guitars, and if so, had I considered who might be the trustees. Having known me for many years she then asked if had noticed how much more it is costing to buy and import the guitars, and if I had noticed a drop in the profits, to which I replied that I have and that I just put that down to the current state of our country and world. So the situation is that I now have to put my prices up right across the MM range to come in line with rising costs and inflation, and to deliver me a decent profit. That will be as little as I can, but it will have to be a substantial amount. This will be put into place to start from 1st January 2023. I will post more information when I have digested this and worked out what these new prices will be. It's a strange world because I feel obligated to keep my prices as low as possible and to apologise to my customers about having to increase them, but that is not how 99.9% of companies deal with it, they just put their prices up and we as customers have to accept them or not buy the product. I thank all forum members and MM Guitars customers for your support. Shine On Michael |
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