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February 8, 2018

Manufacturers Prices Are Increasing Again - How Much Is Too Much?

Distributors and manufacturers continue to increase their prices, driving up talks about inflation in our economy.

We heard from one of our local distributors two days ago that a number of manufacturers (listed below) have decided to increase their prices as of February 2018.

February:
HES: 2/1/18

Securitron: 2/1/18

Adams Rite: 2/1/18

Air Louvers: 2/1/18

Keri Systems: 2/1/18

Major Mfg: 2/1/18

Belwith: 2/5/18

PDQ: 2/5/18




March:

Keyline USA: 3/1/18
/1/18
RCI: 3/19/18


These are just a few of the many manufacturers in the North American market that continue to raise prices sometimes more than once a year.

Some of the tool manufacturers above will sell specialty tools to the locksmith industry through a network of different distributors. With everyone raising the costs of machinery and tools, locksmith service providers will be passing on the increased costs to their customers in the form of higher labor prices.

When you consider that since the introduction of eCommerce through networks like eBay and Jet and Amazon among others, a great many retail establishments, including big box stores, mom and pop small businesses, even local markets all are seeing the erosion of profits from retail sales. Sometimes to the detriment where employment in these businesses is the first casualty.

Many businesses are moving with the times and introducing their own eCommerce solutions to their websites, allowing prospective customers from across the global community the ability to purchase, where previously the business would usually only service it's local geographical region.

We, as a micro-business, are not immune to the effects of rising costs either. Many services that we also must purchase to stay in business, like utilities, gasoline, registration, property taxes, insurance, shipping costs, maintenance etc are also increasing again too.

Interestingly, the stock market and mainstream media are rarely reporting that Real Time inflation has already reared it's ugly head many times over the last couple of years, which could be fooling the consumer market into thinking that the wider economy is better than it is in reality.

We dont like raising our prices, especially during tough economies, but to remain solvent and to continue feeding our families, we too are being required to raise our prices too.

With virtually all of our suppliers raising their prices, we will be passing on those increases to our customers too.

We havent raised our Meroni Doorware and Furniture prices in over 6 years, even though the manufacturer has been required to raise their costs. But with the increased shipping and customs costs (to even bring product in from abroad) combined with a small percentage cost increase, we will be raising our prices soon too.

We are soon expecting new inventory of our leading sales product, The Lockwood 7444 Keyed Pocket Door Lock and Lockwood are another company owned by the Assa-Abloy umbrella of companies (like the first three in the lists above). As warned in previous articles herein, we will be increasing the cost of this product too. We expect the new inventory to arrive by next Friday, February 16, 2018 and expect to raise the cost of the product by about 11%. And UPS, Fedex and USPS have all raised their shipping charges recently too. We will also be required to increase shipping and handling too.

And because the entire market is experiencing price increases, we expect (like many other service providers) to increase our labor fees too. We consider ourselves far from greedy and only pass on minimal increases to our customers.

We offer a 90 day warranty on all our labor offerings. We maintain manufacturers warranty of products purchased from us. Bearing in mind that if you choose to purchase your product NOT from the service provider, often the service provider cannot offer product warranty terms. This is important to remember when purchasing from online vendors.

Let me know your thoughts in the comment section below.

2 comments:

  1. Way too many "too's" used in the commentary!
    Too many words too! The cause and effect of raising prices could have been expressed in a much more concise grammatically correct written statement composed as a far more intellectual statement with a literate audience in mind.
    I was not impressed.

    ReplyDelete
    Replies
    1. Thanks for the feedback. We appreciate you taking the time to comment. We try to write our articles using well thought out comprehension, punctuation and spelling. We are far from perfect and realize and admit so. We continue to learn and practice our writing to better appeal to our viewers and look forward to your continuing feedback.

      Delete

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Came to the rescue and did what was needed. Pointed out problems but assured not urgent. Please feel free to have Danny pass out my number for my total experience review 314-351-5553

Charlie M. (St Louis, MO) November 2015


Danny was pleasure to meet and was very knowledgable. He explained several lock replacement options but I decided none of them were a good fit for a storm door, however, I did replace a lock on my entry door with a type of lock I had never seen before. I would highly recommend this company.
Patricia J (Bridgeton, MO) March 2014
They were prompt and showed up when he said he would show up. He knew his stuff. I had ordered new handles and he was honest enough to say that we don't need them that he can fix the doors and he did. Made me lock and unlock my doors to his satisfaction so that I knew what to do. Am very, very pleased with the service and cost.
Joyce K (Glencoe, MO) May 2015

Showed up on time for appointment. Was very knowledgeable about the project and offered a solution beyond what I asked to be done.
Stephen G (Chesterfield, MO) May 2015


Daniel was right on time, assessed the problems I had with two doors, made the repairs, and explained what caused the problems to begin with .... He is a "door expert" and a true professional. I highly recommend him.

Vince V (St. Louis MO) May, 2015




Danny was fabulous! He went over my concerns and he provided me with more than a fair quote. He was there when he said he was going to be there. I would highly recommend Danny. Cheers!
Denise S (Imperial, MO) May 18, 2014

Hired Danny to re-key locks on "new" house purchase. He advised to replace with new deadbolts & door knobs on 3 entry doors instead which I agreed with. All doors have 1 matching key & the safety of excellent quality product & workmanship. He also added new strike plate to door frame to complete project.. I recommend as your 1st & only call to a Locksmith.

Denise F (St. Louis, MO) April 3, 2014


Danny was very helpful in solving a pretty complex problem involving many lock.
Scott C (Eureka, MO) March 27, 2014




Needed patio door track to run smoothly. Arrived early, fixed door and explained what he was doing during repair. Quick and easy. Door works great, my wife will now speak to me, and I've become a better dancer.

Mike W. (Arnold/Oakville MO) July 2013


The owner spent a longtime with me on the phone helping diagnosis the problem. He was on-time, friendly and helped resolve my issue. I will definitely use him again!

Chris C (Lake St Louis, MO) July 2013


I had a very pleasant experience with Master Key Systems. They came out, did the job (which took longer than expected) and they did not change the price they quoted me. Now, I am not certain that it was a great value for the money because I don't have a comparison, but they did what they said, when they said, for the price they said. Enough said!!!

Antonio B (Saint Louis, Missouri) March 2013


Professional.. Upfront about charges. Fixed the sticky door within 20 minutes. I will recommend Master Key for exterior door issues.
Muthu R (Ballwin, MO) July 2012


Danny was a master craftsman, knowledgable and professional. I will be calling on him again in the future as well as passing on his services to friends and family.

Marsha L (Saint Louis, MO) July 2012


Danny was excellent! I called him on a Monday to fix a sliding glass door. He happened to have the exact part we needed (and it was not an easy find - we had looked everywhere) and he came over Tuesday evening. He stayed until 8:00 until the job was done, and cleaned up afterwards. He was courteous, professional, and efficient! I could not be happier!

Rachel P Maryland Heights, MO (July 2012)


He did an excellent job. Got there on time and quickly solved the issue. Was very pleasant and explained the situation and how to keep the door from sticking in the future. Would definitely use Master Key LLC again!

Neil F. (Saint Louis, MO) April 2012


Danny was very friendly and knowledgeable, although his apprentice seemed to do most of the work, Danny kept an eye on him to make sure it was done right. He had very reasonable pricing for re-keying.
Greg D (St Louis, MO) October 2011


He was extrememly fabulous and helpful and did a wonderful job. He was very professional.
Shannon M. (Arnold, MO) October 2011


Growing up spending so much of my time in Italy, the uniqueness of the Nova Classico left quite an impression on me. To be able to have and enjoy them in my own home here in the states is a nostalgic indulgence I'm enjoying beyond words. Thank you Danny for coordinating this transaction.

Joseph M (Chicago, IL) September 2011





great job. hired on the spot and he did job right then at great price

Ron B (Arnold, MO) July 2011







I searched the internet and found your services. I received three phone calls within several days. A service call was scheduled. Two gentlemen arrived promptly, analyzed the problem and fixed it.
James & Florenc M Saint Louis, MO July 2011

The repairman was on time and did an excellent job of fixing a very stubborn door lock. He was persistent and cleaned up the work area afterwards. I would use this service again.

Brenda F (Saint Peters, MO) June 2011


Danny at Master Key Systems has succeeded in making the purchasing of our Meroni door locks, from Italy, an absolute breeze. Even though I live in Australia with a 16hr time difference and was ordering door knobs from Italy that weren't in stock, the whole process was faultless. Danny was prompt and efficient with all his emails and made sure we had covered every possible variable so that the product I received was exactly as required. I would have no hesitation in recommending Danny for your next purchase.
Patrick Carr (Canberra, Australia)


Your product really helped because I needed to secure a nurse's station adjacent to a waiting room and needed a pocket door. Unfortunately, no real options were available to lock a pocket door effectively that would keep me compliant with HIPAA and secure an area that stores medical supplies. This was vitally important as this particular waiting room was for "waiting detox patients". Thank you very much.
Randall R The Fritz Clinic (Birmingham, Al) March 2011


Danny was very polite and knew what the problem was and how to fix it. He also gave me some information about other issues that could arise with my door and locks. Will hire again if I ever need that type of work done.
Jason M Imperial, MO March 2011




I had an exterior basement door that dragged when opening and closing. The hinges were not fitting properly and the door frame had shifted, probably due to the age of the house.The screwswould not go far enough into the wall without hitting stone...even using a special drill bit. Dan worked a long time drilling and sanding to shore up the door as best as possible. I know it will never be perfect. He could have easily sold me a new door and the same issue would happen. He was honest, thorough, and did an excellent job without charging me a fortune. I'm satisfied with the door now. If you want an honest, experienced man, Then Dan is the man

Roger M Saint Louis, MO March 2011


I purchased the Cowdroy P697 Pocket door lock with key over the internet. I emailed questions before my purchase and was provided with the answers quickly by return email. The purchase was quick and easy and the lock was shipped immediatly. Installation is quick and easy. But you do need to convert millimeters to inches (use the internet) in the installation instructions. And the lock looks great and works great. I will do business with them again. THANK YOU

Ed D (February, 2011)





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Welcome to Locks210.com.
This site is to inform about historical and modern approaches to Keys and Physical Security products and services.
Locks210.com, a division of Master Key Systems America LLC, established in 2006, offers residents and businesses of St Louis Locksmith premium quality products and services. As the Premier Bilock Extreme Security Dealer in The Mid-West,
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