Pricing - critique the shop above you
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With all this talk about pricing, I thought it might be helpful to start a "critique" chain.
We've all looked at the formulas from the workshops, but I think it would also be helpful to hear some feedback on what "seems" like a reasonable price from a buyer's perspective.
So, please critique the shop above you in this discussion chain in reference to pricing. Remember to think about that shop's typical market (in your opinion). Are the prices too high? Too low? Just about right?
Posted at 10:42 am May 21, 2012 EDT
I think that your prices are good. I'm not too familiar with your market but it feels right. The smaller prints that you have for $20 seems a little low. I'm trying to think of the time to cut the matte and mount the print. You have beautiful pieces.
I love this thread. I was going crazy over my prices and it's not nearly the prices that I would get with The Art of Pricing formula. I raised my prices to a price that I felt comfortable with and still am making a profit.
Posted at 11:27 am May 21, 2012 EDT
I first of all love your products & the models you have are very cute :)
I think your prices are right on- it shows some quality workmanship in your items and people in that market would know that they are getting a great product. (Vs lowering your prices)
That being said- the prices definitely don't seem to be too high. I just think they speak "quality" :)
Posted at 12:58 pm May 21, 2012 EDT
I think your prices are generally very fair.
I only have concerns about the bracelets, I think people expect to pay less on fabric bracelets,
You might want to make some more simple and cheaper versions,
Also because consumers of fabric bracelets are usually younger, and have less money .. :)
Posted at 1:09 pm May 21, 2012 EDT
@Or, good point. I also feel they could be cheaper but they take so long to make that I'd go broke... I'm looking for ways to give them a similar style without being as time consuming. That way, I can certainly afford to charge less in the future. Thank you for your critique!
As for your shop, I find our prices fair and your work unique and awesome.
Posted at 1:12 pm May 21, 2012 EDT
Love this idea!
Or of urBunny, I absolutely love your shop. I think your prices are very fair. Your pieces are original and all look professional and well made. Your shipping fees seem so low. I'm surprised you can offer worldwide shipping for such a low price!
Posted at 1:22 pm May 21, 2012 EDT
Love this idea too!!!
lilybeedesigns, I am a sucker for cute invitations and I love your idea of having the file ready to print for your customers, they just choose where to print!!! I think that your prices are a great!!! Very reasonable!! You have a great talent when it comes to designing them!!! Now i just wish i had a party to throw so i could have an excuse to order some!!!
Posted at 1:34 pm May 21, 2012 EDT
Your prices are very reasonable. I love your banner and your overall shop theme. Your cards look elegant, if I had a reason to use them I'd buy from you!
Edit: oops this was for Elisabeth, but I'll comment on Stradmuffin too.
I like your banner and theme, too! Very cute. I think your prices are fair. I love how you photographed them. What's with the watermark? It's a little distracting and takes away from the photo.
Posted at 1:36 pm May 21, 2012 EDT