GEP, on 25 June 2012 - 12:50 PM, said:
Just to add to the discussion about proper pricing and incentives for buying multiples ....
I have a new item this year, a simple tumbler. At my first show I priced it at $24 each, and only sold one. At my show last weekend, I priced it at $22 each, or 2 for $40, and sold out of them. Most people bought them in pairs or quads. This shows how much difference it makes when you are just a few dollars away from the correct price. And that it might take a few shows before you figure out that correct price.
Also, I had discussed in another thread (I forget which one) about pricing for my dinner plates. The price had been inching up over the years but I found last year at $35 each the sales had really dropped off. This year I reduced the price to $30 each (I have a more efficient way to produce/fire them, so a price cut made sense anyways), and I'm selling them like crazy again.
Mea
I have a new item this year, a simple tumbler. At my first show I priced it at $24 each, and only sold one. At my show last weekend, I priced it at $22 each, or 2 for $40, and sold out of them. Most people bought them in pairs or quads. This shows how much difference it makes when you are just a few dollars away from the correct price. And that it might take a few shows before you figure out that correct price.
Also, I had discussed in another thread (I forget which one) about pricing for my dinner plates. The price had been inching up over the years but I found last year at $35 each the sales had really dropped off. This year I reduced the price to $30 each (I have a more efficient way to produce/fire them, so a price cut made sense anyways), and I'm selling them like crazy again.
Mea
Hi Mea:
Can you tell us some more on your comments about discovering more efficient ways to produce and fire dinner plates? This really caught my attention as dinnerware will be a big part of our production. I am thinking about using the high alumina/cone 11 place setters that allow you to fire up to six plates stacked on a single shelf. Have you ever used these?
Thanks

Sign In
Register
Help










MultiQuote


