The Economics and Psychology of A Spending Trigger
Posted by Lise on 27 Aug 2007 at 01:45 pm | Tagged as: economics, productivity
Last night, my favorite vendor of perfume oils, Black Phoenix Alchemy Lab, released a bevy of limited edition autumn/Halloween-themed scents. I’m finding it very difficult to keep my mouse finger still and not snap up the entire collection, despite the dire state of my expenses and the fact that I already have more BPAL oils than I can possibly use before they go rancid.
I’m moderate in so many things - why do I go crazy for little bottles of smellies?
The economics of my BPAL habit…
To understand my quandary a little more in detail, it’s important to understand BPAL’s business model: they have around 300 catalog scents. At any time, you can order either a bottle of a catalog scent ($15 for 5mL), or a sample, called an imp ($3.50). The real business, however, is not in the general catalog (GC) scents; it’s the limited editions (LE). These come out for a limited amount of time, are a little more expensive (the Halloween ones are $17.50/bottle) and are not available in sample sizes. You have to buy an entire bottle unsniffed, which is risky business. I have only once done this, and it was a mistake. I was, however, able to recoup my money: if you buy unsniffed and dislike the fragrance, you can usually resell it for 90-100% of your cost.
One way out of this must-buy-bottle-unsniffed conundrum is to participate in decant circles, where one person buys a bottle and distributes samples to everyone who participates. There are a few going on right now for $3.50-$3.75 per sample. I’m looking at least 8-10 things I want samples of (autumn always was my favorite season), so that would be an outlay of $30-$40. I’d then have to hope I got the decants - and had a chance to test them - before the scents came down on November 15th, so if I liked a particular one I could order a bottle.
Keep in mind that all of these oils only have a shelf life of about a year.
You can see that the real problem with having expensive perfume oils as a spending trigger is that, even purchasing in small amounts, the goal is ultimately to purchase in larger amounts. The resale-ability of the perfumes leads one to believe, perhaps too strongly, that you are buying as an investment, when honestly, most of these items have limited shelf lives.
… and the psychology.
Your time to make a decision is limited, too, and there’s a real fear of “missing out.” What if that one LE is your PERFECT SCENT? You might find out too late, and spend the rest of your life haunting the sale threads, endlessly typing “ISO Dia de Los Muertos 2007!” Even decant circles fill up fast; unless you have decanting supplies (pipettes, 1/32 oz vials, etc), if you miss out, you’re at the mercy of whoever deigns to start one next.
There’s some groupthink involved here, too. Just because BPAL is not mainstream (yet), doesn’t mean that the consumer culture is not alive. There are lots of people who insist that “bottles are best” and right now on the BPAL forums many people are throwing down the money for 12-20 bottles at once. (I am so not kidding). When everyone else HAS to have the entire Pumpkin Patch collection ($80 for five bottles) or the entire Haunted House collection ($120), or all of the scents at once, you end up feeling somehow deficient if you aren’t spending as well. You will be the poor, lonely, buck-toothed girl, dabbing on your tired ol’ bottle of Hellcat, while all the popular girls are sporting Samhainophobia 2007.
… and this analogy probably best explains why BPAL is such a spending trigger for me. On most occasions, I am not a very girly girl. I never wear makeup and I probably shop for clothes 3-4 times a year. But I love smelling nice. It’s such a sensual pleasure. BPAL also offers scents I can’t get in mainstream perfumes - I like smelling like buttered rum, honey mead, and almonds, for example- and I definitely identify with the kind of person who buys these perfumes. I want to be eccentric and fun and geeky and yet pretty. I dream of finding a perfume that is the perfect eau de Lise.
Once again I am buying not five milliliters of perfume, but dreams. I have nothing but good things to say about the quality of BPAL’s product, and so I guess this wouldn’t be so bad, except in the way that is supersedes my ultimate goal: financial freedom, and the freedom to not have to work for a living for the rest of my life.
I haven’t ordered any Halloween scents yet. I’m not sure if I will. I’m thinking it over before jumping in this time.
What are your own spending triggers?
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on the topic of bpal specifically, ive been where you are. its such a unique culture, the bpal one…
i guess it just took enough misses more than hits and seeing a few things which i thought were funky happen… and those boards! they just made me want to spennnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnd. bath bombs! new makeup! candles! tea! etc etc etc… all lovelies. super duper nice yummy lovelies.
all triggers for me… the topic of spending triggers is SUCH a good one. *why* is it a certain TYPE of item that we want MORE MORE MORE of? i hadnt known the concept of “holy grail item” till bpal. i hadnt been so sucked into the limited edition idea of fuel to spend IMMEDIATELY BEFORE ITS TOO LATE till bpal either.
i guess i found a couple of scents which i truly truly adore from bpal ultimately. one i will never be able to get again. and know what? thats ok. because there are soooooooooooooooooooooooooooo many lovely smelling smellies out there that i can find a new one to adore. and the finding is as fun as the having. i honestly DONT think bpal is any better than anything else. i dont believe they are true EOs at all. ive looked for that claim and it has never been made by beth. i believe they are just fragrance oils no better than anything any other independent vendors out there can offer, they are just different though. and the descriptions are so haunting and seductive… but with so many FUNKY smelling blends… i think its more fun to buy an EO every once in awhile and blend my own scents day by day…
why did i write so much? oh because i know where you are and i like your blog and wanted to have a conversation with you…
Hi, Kate, welcome to FinF! Glad you like it here :)
I agree with you - the forums are the worst! I manage to avoid spending just by not reading them.
I have come across some BPAL scents I’ve loved - I currently have bottles of Hellcat, Mr. Nancy, and The Music of Erich Zahn. I definitely think there’s some quality there, but I think I’ve somewhat given up on finding a signature scent. I think only rarely do the blends evoke what they’re supposed to evoke.
hmm.. I came across your blog while googleing “pumpkin patch” bpal. Why? Because I am trying to talk myself into buying the whole patch and the forum is down for maitenance and I need my enableing fix!
Could landing at your blog be a sign I should reconsider? LOL.. I’ve always been a terrible sucker for LE’s. First it was action figures. Then it was niche perfume (not limited for time but limited as far as who wears it, especially in my country). Now it’s BPAL and I manage to convince myself it is much more affordable than niche or a vintage Jawa with plastic cape.
It’s the lure of the HUNT and the save-yourself-from-winter lure of the hoard. I also like to buy food on sale in bulk and I could live off the drygoods in my house for a year.