Douglas Emerson Profitable Horseman
Profitable Horseman Newsletter
 
October 24, 2008 
What You Need To Know About Selling Horses
  
 If you ever sell horses, you know what it's like to try convincing inexperienced riders or the non-horseman parents of a youth rider to buy a well trained horse. Unlike a car, a few years of age and miles on the odometer are two great features. While those features may cost more, paying a little more up front is a less expensive investment in the long run than buying a discounted green broke or poorly trained horse. 
 
How many times have you ever heard these reasons for buying the wrong horse for the rider?
 
  • "He is so cute.
  • Things will be different with me loving him."
  • "I am buying this young horse for my eleven year old daughter so they can learn together."
  • "It doesn't matter that he is green, I have a friend who will help me with the training."
  • "I don't need a finished horse. With the limited free time that I have, I need a horse I can ride on the trails on weekends.
 
There are probably over a hundred other reasons for buying less of a horse than an owner should. It doesn't matter what the reason is, what matters is buyer ignorance.
Na´ve buyers don't understand the fact that the horse is the cheap part of owning horses.
As experienced professional horsemen know, a lifetime of costs follow the purchase of a horse.
 
The common costs:
  1. Board
  2. Farrier
  3. Veterinary care
  4. Professional training to attempt to "fix" the bargain horse.

Numbers 1., 2. and 3. are maintenance costs of ownership. Number 4 is preventable maintenance.

While no horse carries a warranty for being problem-free, bargain horses usually have a reason for bargain prices.
 
Buying at the lowest possible price is good practice for securing commodities like No. 2 - corn, fuel oil and pork bellies. But, lowest price can be a disaster practice for buying pacemaker batteries, parachutes and horses.
How do you make a convincing sales presentation to a prospect to invest in a proven horse?

Tell a story about a wise man who was born about two hundred years ago. His name was John Ruskin and he probably never sold a horse in his life. He did a lot of thinking and writing and the following excerpt is a favorite of mine.
 
"It is unwise to pay too much but it's worse to pay too little. When you pay too much, you lose a little money, that's all. When you pay too little, you sometimes lose everything, because the thing you bought is incapable of doing the thing it was bought to do.
The common law of business balance prohibits paying a little and getting a lot - it cannot be done. If you deal with the lowest bidder, it is well to add something for the risk you run. And if you do that, you will have enough to pay for something better."
 
-- John Ruskin, 1890
 
People were ignoring quality in pursuit of lower price back in the 1800's. I'd wager that even in the day of B.C. comic strip character Crock, a square wheel or two was sold as a discounted substitute for a round wheel.
 
Within the buyers' circle of affordability, sell the horse that is the best match and explain: The horse is the inexpensive part of the transaction. (compared to maintenance costs)
 
A good match between horse and rider is priceless. With a busy life, the importance of quality recreational time with a horse is paramount. Safety trumps price, especially when the unsafe bargain horse leads to an unplanned vacation in the hospital to mend an injured and broken body.
 
Use your experience and wisdom from years of being around horses to help the buyer avoid buying a horse incapable of doing what it was bought to do. 
 
 
 
Others Have Said 
 
   "Any business arrangement that is not profitable to the other person will in the end prove unprofitable for you. The bargain that yields mutual satisfaction is the only one that is apt to be repeated." -- B. C. Forbes
 
"There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man's lawful prey." -- John Ruskin
 
"Certainly there are things in life that money can't buy, but it's very funny - Did you ever try buying them without money?" -- Ogden Nash 

Back At The Barn

 
fb logo I was privileged to be the after dinner speaker at the Niagara County Farm Bureau annual meeting last night. 
 
I was a little nervous about holding audience attention after a business meeting and a catered buffet dinner that made Thanksgiving look like a diet meal, but the audience of over 100 were great listeners and enjoyed what I had to say about a new generation of farm employees  and how to lead them.
 
 I've been a director for a year now and the work Farm Bureau does at county, state and federal levels to protect the interests of agriculture (and that includes horse owners!) is fantastic.
 
Extensive lobby efforts by the organization help its members be properly represented by lawmakers.   If you're not a member, you should be.  And for readers from outside of the States, I hope you have farm lobby organizations that do the same type of work.
Support them!
 
 See you at the Certified Horsemanship Association's International Convention In Lexington, KY on October 30, 2008.
 
Kentucky Horsemen: I'll be in the Lexington and Bowling Green areas the week of October 27, 2008.  If you'd like to get together about your business, e-mail or call. 

 

  I'll
cha intl convention Be Speaking In Lexington, KY at the Certified ctober 30, 2008.  

 
 
 
 
 
 
 
 
 
 
              
 
              Click here for the CHA details
 
 
Maureen Gallatin and I will be presenting an Equine Business Workshop in the morning of October 30 prior to the 12:00 start of the convention.  
 
$ hat
 
As mentioned in the article above, if you're searching for an answer for you business, help may be a phone call away. 
 
I offer a thirty minute phone call at no charge. 
 
E-mail me here about setting up a phone appointment. 
If I can be of help, I'll let you know how.  If not, I'll have suggestions for you for your next step.   The only thing that holds you from success is you.
 
Until next time,
 
Doug

Doug Emerson
Profitable Horseman Deewochagall
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