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re: How big a blunder was it for Coleman / Igloo not to invent the Yeti style cooler?
Posted on 5/28/17 at 12:29 pm to HogBalls
Posted on 5/28/17 at 12:29 pm to HogBalls
quote:
Ice is a $1.50 a bag and I usually need it to last one day to keep my beer cold on the lake. Why do people need to keep $1.50 bag of ice for a week?? It's hilarious to me that people buy a $300 ice chest.
yep, in august the ice barely makes it 4 hours in bright hot sun when fishing if the box keeps getting opened often so just something that insulates better then the 1/4" of foam they put in them now would be nice, no need for "Cadillac" ice chests that require financing and credit checks to buy lol.
I die laughing when guys talk about spending $400 obn an ice chest saying "its worth it" lol
these same guys are buying $600 rod and reel combos that are no better then the $50-$75 combo you can get at walmart, its a frickin fishing pole, not a car lol.
I don't care if your $400 rod and $200 reel have lifetime warranty and were designed at NASA, I use a $30 reel and a $40 rod that lasts me 10 frickin years before I replace them, and I don't wash them or clean them or even try to take care of them so they get pretty well abused, and even then, they still work fine after 10 years of use when I give them away to kids I see fishing
This post was edited on 5/28/17 at 12:36 pm
0
Posted on 5/28/17 at 12:32 pm to lsupride87
quote:
Ford didn't create Lincoln
Lincoln was a thriving company before Ford acquired them almost 100 years ago.
Posted on 5/28/17 at 12:36 pm to brgfather129
Yeti is gay anyways 
This post was edited on 5/28/17 at 1:07 pm
Posted on 5/28/17 at 12:36 pm to brgfather129
quote:And maybe Coleman will acquire Yeti. That is my whole point. Coleman being the one to create the high end cooler would not have worked at all. Now, let someone else get that market share, and then you buy them out
Lincoln was a thriving company before Ford acquired them almost 100 years ago.
Posted on 5/28/17 at 12:39 pm to lsupride87
quote:
maybe Coleman will acquire Yeti. That is my whole point. Coleman being the one to create the high end cooler would not have worked at all. Now, let someone else get that market share, and then you buy them out
Good point. Let them take the risks, do the development and then acquire a proven product. They may already own a part. didnt the brothers sell a part.
Posted on 5/28/17 at 12:45 pm to Golfer
They could have called it yeti and nobody would have cared who owned it
Posted on 5/28/17 at 12:56 pm to mdomingue
quote:
Yeti has revenues in the 43 billion range
GTFO. It is about $500 million. Igloo is $200-300 million
Coleman is in the $600-700 million range
Now Coca Cola is up in the 40-45 billion range.
This post was edited on 5/28/17 at 1:04 pm
Posted on 5/28/17 at 1:07 pm to BRL79
quote:
Ford GT is just as valuable as a Ferrari or Lambo, if not more so.
The fact that you have to tell people this just proves my point. Most people who don't know cars wouldn't realize that Ford makes a $450k car.
The point of a status symbol is for everyone to know you spent a ton on it without having to explain "yes it's a Ford but it cost more than a Ferrari".
Like a Ferrari, if I see someone with a Yeti I know they spent a lot on it. Whereas if Coleman came out with a $400 cooler it would take a radically different look and rebranding to gain that perception as a status symbol.
Posted on 5/28/17 at 1:10 pm to mdomingue
quote:what in the actual frick
, also a niche market for them but more significant, Yeti has revenues in the 43 billion range.
Most of the people I know have a cooler or stupid arse cup, and most of them were bought by sales teams and given as gifts or donations or raffles it seems.... but 40+ Billion ??
Posted on 5/28/17 at 1:11 pm to SuperSaint
There is no fricking way Yeti has 43 billion in revenue. That guy is high as frick
Posted on 5/28/17 at 1:13 pm to lsupride87
Just looked it up. Yeti had 73 million in revenue in 2016. Just a tad under 43 billion
Posted on 5/28/17 at 1:21 pm to lsupride87
I'm guessing he meant million.
Posted on 5/28/17 at 1:23 pm to weagle99
Depends on your perspective. They certainly could have made more profits if they had targeted the ignorant motherfrickers who will pay 300-400 dollars for a ice chest.
This post was edited on 5/28/17 at 1:24 pm
Posted on 5/28/17 at 1:31 pm to HogBalls
quote:
Ice is a $1.50 a bag and I usually need it to last one day to keep my beer cold on the lake. Why do people need to keep $1.50 bag of ice for a week?? It's hilarious to me that people buy a $300 ice chest.
Hell. Go all out and buy some block ice.
Posted on 5/28/17 at 1:33 pm to Ponchy Tiger
I think yeti's success is more driven by Coleman/igloo's push towards making a cheaper product that didn't last. Cheap hinges, latches that break, etc drove a lot of people to spend the money for better quality.
Posted on 5/28/17 at 2:04 pm to lsupride87
Crap! Meant million
Posted on 5/28/17 at 2:08 pm to SuperSaint
quote:
but 40+ Billion ??
Yeah, 43 million, not billion
Still a big niche market but for Coleman at almost 2 billion that it probably is.
Posted on 5/28/17 at 2:22 pm to lsupride87
million.
Hoovers says just under 43 million.
Posted on 5/28/17 at 2:57 pm to Tbooux
quote:
I think yeti's success is more driven by Coleman/igloo's push towards making a cheaper product that didn't last. Cheap hinges, latches that break, etc drove a lot of people to spend the money for better quality.
To add to this their marketing was brilliant. They probably don't make the most well thought out high end cooler, that is probably Orion. However, they did the best job at convincing people they needed a high end cooler. I personally use a playmate, just put a inch a water in it and drop it in my chest freezer overnight, after that it holds ice all day long. But I have friends that bought a Yeti because they didn't want their ice to melt, now they rarely use it because it's heavy and too bulky for most common ice chest uses. The only time I see the Yeti now is at their backyard BBQ or Crawfish boil.
That style of ice chest only makes since for people who are without electricity for days either camping or fishing.
Posted on 5/28/17 at 3:03 pm to cssamerican
who the frick would ever need to keep ice longer than 12 hours?
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