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Pricing Gift Baskets?

 
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sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Nov 30, 06 12:20 pm    Post subject: Pricing Gift Baskets?  Reply with quote    

Just making up some gift baskets of my soaps to send to a show at Caerphilly Castle this weekend, and I realise I don't know how best to price them. Does one normally make the individual item prices a bit cheaper so the basket represents a small saving, or do you round the price up to account for being in a basket all prettified?

Sarah D



Joined: 28 Oct 2004
Posts: 2584

PostPosted: Thu Nov 30, 06 12:39 pm    Post subject: Reply with quote    

Price put up for the basket/presentation, etc I would have thought. I would price the soaps up individually, add together, then add on cost of basket, packaging, ribbons etc, then add on % on top for profit. That's my thoughts.

hedgewitch



Joined: 26 Nov 2005
Posts: 5834
Location: Daft wench GHQ
PostPosted: Thu Nov 30, 06 3:04 pm    Post subject: Reply with quote    

Yep - I would think price up too. You're adding value with the basket and the design/presentation as well as extra cost of the basket and trimmings. As Sarah says, take both into account.

AnneandMike



Joined: 21 Jun 2006
Posts: 890
Location: Over the hill and soon to be far away
PostPosted: Thu Nov 30, 06 8:21 pm    Post subject: Reply with quote    

Put up the price, Sally. Many people think that more expensive things are 'better' and therefore better value. Look at the stupid prices on perfumes, etc.

Mike

sally_in_wales
Downsizer Moderator


Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales
PostPosted: Thu Nov 30, 06 8:29 pm    Post subject: Reply with quote    

ok, will give it a go. I'm not very good at pricing things up, but its worth a whirl!

Sarah D



Joined: 28 Oct 2004
Posts: 2584

PostPosted: Fri Dec 01, 06 9:03 am    Post subject: Reply with quote    

Pricing up is the ahrdest part of any enterprise where the goods are home made; my views are coloured by the fact that I look at it and think "Well, I wouldn't pay that much for that, I can make it myself!" Not too helpful............
Have a look aroound the stalls at craft fairs, shops, internet and see what others are charging - usually much higher than I would charge. I'm too soft, and tend to let my things go too cheaply. I'll never get rich from it

2steps



Joined: 05 Sep 2005
Posts: 5349
Location: Surrey
PostPosted: Sun Dec 17, 06 4:43 pm    Post subject: Reply with quote    

I'm the same I also feel bad about charging people a lot for something I enjoy doing anyway

Blacksmith



Joined: 25 Jan 2005
Posts: 5025
Location: Berkshire
PostPosted: Sun Dec 17, 06 5:07 pm    Post subject: Reply with quote    

Common problem !
Just sold a couple of items on eBay. At best I have covered my costs, If I include the 6 hours @ Sunday rate packaging them, searching the Internet for a courier who will take items 160 cm high (for under £100) I would be losing money.
Perhaps we ought to include the word "designer" in our advertising and quadruple our prices ?

Nick



Joined: 02 Nov 2004
Posts: 34031
Location: Hereford
PostPosted: Sun Dec 17, 06 5:09 pm    Post subject: Reply with quote    

Where's it going to, and when for? I may know a bloke with a 4x4...

Blacksmith



Joined: 25 Jan 2005
Posts: 5025
Location: Berkshire
PostPosted: Sun Dec 17, 06 5:19 pm    Post subject: Reply with quote    

Not wearing a burberry cap as well ?

Nick



Joined: 02 Nov 2004
Posts: 34031
Location: Hereford
PostPosted: Sun Dec 17, 06 5:22 pm    Post subject: Reply with quote    

Fraid not.

But, I'm serious. If it's en route anywhere..... ( I can hit you early in the New Year without trying), so it depends on the destination.

Róisín



Joined: 30 Jul 2005
Posts: 578

PostPosted: Sun Dec 17, 06 5:24 pm    Post subject: Reply with quote    

Lush always add up individual prices of the contents then whack on the cost of the pretty box, and people always buy their stuff. Go for it.

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