Pricing help again please, sock kit

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Pricing help again please, sock kit
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Downsizer Forum Index -> Small Business Questions, Ideas and Advice

How much would you hypothetically pay for this?

ï¿½13.50 and not a penny more

21%

[ 3 ]

ï¿½16.00

35%

[ 5 ]

ï¿½18.00

[ 1 ]

ï¿½20.00

28%

[ 4 ]

ï¿½other suggested below

[ 1 ]

Total Votes : 14

Author

Message

Stacey

Joined: 18 Jul 2005
Posts: 8380
Location: Kernow

Posted: Mon Apr 23, 07 8:41 pm Post subject:

Nick Howe wrote:

You don't think someone attempting to sell a product would have a different view on what it's worth than someone who's wishing to buy it?

For example, if it's another seller saying it's worth ï¿½30, it doesn't make it true, or useful information.

If it's a buyer saying they'd willingly pay ï¿½30, then that's very, very valuable information.

So, useful to know the source.

Maybe in the normal scheme of things but not in the knitting community.

And a quick search of 'sock kits' reveals how many sites get rapidly sold out of ones that contain hand dyed yarn

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Mon Apr 23, 07 8:45 pm Post subject:
Why? A seller saying something's worth X doesn't make it so. Because it doesn't make it sold. A buyer saying something's worth X DOES. Because they're paying it. I'm not sure it matters what community you're talking about, but, simply put, if that's wrong, then Sally can charge what she likes, and it'll be the right price. Which, clearly, isn't the case, or we wouldn't be having this thread.

jamanda
Downsizer Moderator

Joined: 22 Oct 2006
Posts: 35057
Location: Devon

Posted: Mon Apr 23, 07 8:56 pm Post subject:

I don't know that you would necessarily expect to pay less for a kit than for made up socks. The kit would include needles (nice wooden ones maybe?) and instructions, nicely printed on card so they don't just get thrown away. That's more stuff than just a pair of socks, and the socks will ultimately be better because the customer will have knitted them them selves.

I found these hand knit socks for 17.99 a pair, and I don't think they look as nice as yours. https://www.knittedsocks.co.uk/current_items.php (Sorry the link doesn't want to go nicely)

If I were to buy the kit, I think I'd be more likely to go for longer welly type socks than slipper socks, That would obviously bump the price up, but for that ï¿½25 would seem reasonable for a double pack. I like the his & her idea, but the browns/greys for a man and then the pretty colours for the woman.

I can't knit

, so my input may be worthless, but I think I would buy such a set as a present.

toggle

Joined: 30 Dec 2006
Posts: 11622
Location: truro

Posted: Mon Apr 23, 07 8:57 pm Post subject:

https://www.ekmpowershop5.com/ekmps/shops/iknitlondon/index.asp?function=DISPLAYCAT&catid=88

https://www.ekmpowershop5.com/ekmps/shops/iknitlondon/index.asp?function=DISPLAYCAT&catid=76

https://www.getknitted.com/acatalog/Shepherd_Sock.html
6.50, but that's per 50g

https://www.getknitted.com/acatalog/Sock_Yarn.html

these people are charging as much or more than you are for 100g of yarn with no needles

then lets look at the cost of handmade knitting needles shall we?

https://www.getknitted.com/acatalog/Knitting_Needles.html

and someone find a uk price for socks that rock yarns, actually, any online price will do. IIRC, it's over 20 quid per 100g. or koigu. or any of the other us luxury small batch handpaints.

or comment on the recent auction of rare coloured skeins of hand dyed sock yarn that sold for over 100 quid on ebay.

Stacey

Joined: 18 Jul 2005
Posts: 8380
Location: Kernow

Posted: Mon Apr 23, 07 9:01 pm Post subject:

Nick Howe wrote:

Why?

Because the knitting community is like no other I've ever come across. They are extremely honest and very loyal. They share their skills and knowledge freely. It was an eye opener for me as I've come from the arts where people are scared sh!tless that you're going to steal their ideas so they keep everything to themselves.

Stacey

Joined: 18 Jul 2005
Posts: 8380
Location: Kernow

Posted: Mon Apr 23, 07 9:03 pm Post subject:

Jamanda wrote:

Very good point. My soap kits are more expensive than the felted soaps on their own.

toggle

Joined: 30 Dec 2006
Posts: 11622
Location: truro

Posted: Mon Apr 23, 07 9:04 pm Post subject:
got to agree with stacy there.

Stacey

Joined: 18 Jul 2005
Posts: 8380
Location: Kernow

Posted: Mon Apr 23, 07 9:05 pm Post subject:

Sally - one thing I saw when I was looking at sock kits just now was someone offering cheaper extra yarn. So, say the yarn in the kit was ï¿½10 they could buy and extra 100g for ï¿½7.50 or something. That might be somehting to think about for the his n hers?

The other thing to maybe think about is if you drastically underprice the sock kits will it make your hand made socks look disproportionately expensive?

Last edited by Stacey on Mon Apr 23, 07 9:08 pm; edited 1 time in total

Stacey

Joined: 18 Jul 2005
Posts: 8380
Location: Kernow

Posted: Mon Apr 23, 07 9:05 pm Post subject:

toggle wrote:

got to agree with stacy there.

You make that sound like a bad thing

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Mon Apr 23, 07 9:06 pm Post subject:

toggle wrote:

got to agree with stacy there.

Which bit, or all of it?

MarkS

Joined: 01 Aug 2006
Posts: 2626

Posted: Mon Apr 23, 07 9:06 pm Post subject:
Apparently my last wool wellie/walking socks were ï¿½12/pair. In the sale from a list price of ï¿½25. Plain gray, from Margaret Howell. if that helps anyone. BTW - Tess the spaniel thought they were quite tasty. Not as good as the merino jumper, but not at all bad. Which is why I now have 1 light and 1 dark gray sock.

sally_in_wales
Downsizer Moderator

Joined: 06 Mar 2005
Posts: 20809
Location: sunny wales

Posted: Mon Apr 23, 07 9:08 pm Post subject:

Loads of food for thought there, thanks everyone. Will be doing some more 'manly' colours too, that was a very good point, and I can easily modify the pattern to do either 2 short pairs of socks or one ginormous long pair. Like the idea of doing the pattern on a cardstock so it lasts, that makes loads of sense.

Sounds like ï¿½18 might be the price we try, and if they don't go at Wonderwool I'll try a couple of sets on Ebay and see if that sets a price.

Still open to ideas though, its really useful to see the comparisons peopel find and the different perspectives.

toggle

Joined: 30 Dec 2006
Posts: 11622
Location: truro

Posted: Mon Apr 23, 07 9:10 pm Post subject:

Rob R wrote:

toggle wrote:

got to agree with stacy there.

Which bit, or all of it?

that knitters tend to value someon's time as a creator and share their knowlege.

Think about it, many of us have had someone suggest we sell handknit items for a startlingly low cost, maybe enough to cover the cost of the materials if we are lucky. We remember this and don't tell another crafts person, in this case, a dyer, that it acceptable to undervalue their time and skill.

wellington womble

Joined: 08 Nov 2004
Posts: 15051
Location: East Midlands

Posted: Mon Apr 23, 07 9:24 pm Post subject:

Sally's not dire!

I suppose the thing about Wonderwool is that if everyone says 'oooh, how lovely, HOW MUCH?!' on day one, you can always drop the price a bit on day two.

You will be putting in little cards or slips with your website details on, so that people can buy more stuff off you later, won't you? Sock kits are likely to go to beginners (at least at socks) so might come back for more, later and at somewhere like Wonderwool, it gets surprisingly difficult to remember what came from who a week or two later.

jamanda
Downsizer Moderator

Joined: 22 Oct 2006
Posts: 35057
Location: Devon

Posted: Mon Apr 23, 07 9:30 pm Post subject:
Would you get that many beginners at Wonderwool? Or are you looking to sell to shops who would stock your kits?

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