Re: pricing a product with high cost of materials
Posted by Luann Udell on July 10, 2000 at 21:11:30:
In Reply to: Re: pricing a product with high cost of materials posted by John Iverson on July 09, 2000 at 12:11:19:
: My question to you is: are you paying a premium to have this pretigious framing company do this work that you really aren't getting any sales benefit from? In other words, a decent framing job done cheaply will not detract from what you are trying to sell, whereas you really aren't selling premium framing here, and your customers probably don't care where you had it done as long as it looks good with your work.
Thanks for your input, John. I agree, I'd rather start at a price I can make a profit at! Re: the prestige factor, yes on two counts. Someone already noticed the gallery's sticker on the back of one piece & commented on it (it is a neat gallery, with an excellent reputation), and the framing they came up with is slightly unusual and suits my work beautifully. Also, they offer a decent artist discount, which helps a bit. And they've already suggested that I could learn how to do the framing myself, and save money that way (although, of course, there's a trade-off with time.) The problem I've had is that the frame moulding they've used is almost impossible to track down on my own--I've talked to dozens of manufacturers, and this must be a specialty thing. However, all this is moot--I'll check out the FAQ and see what precious metal jewelers do for pricing, as you suggested, and see if I can get some pointers. Thank you for your insight!