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How much would you hypothetically pay for this? |
�13.50 and not a penny more |
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21% |
[ 3 ] |
�16.00 |
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35% |
[ 5 ] |
�18.00 |
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7% |
[ 1 ] |
�20.00 |
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28% |
[ 4 ] |
�other suggested below |
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7% |
[ 1 ] |
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Total Votes : 14 |
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toggle
Joined: 30 Dec 2006 Posts: 11622 Location: truro
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Penny Outskirts
Joined: 18 Sep 2005 Posts: 23385 Location: Planet, not on the....
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Posted: Mon Apr 23, 07 9:43 pm Post subject: |
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Stacey wrote: |
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? |
No |
They have very different views, I think. One is intimately involved with the product, know the in's an the out's of it, in fact has too much information, and is often much too close to it to make a proper valuation of it's "worth" to a customer.
A standard customer just thinks "Oh! Hand knitted socks, I've always fancied having a go at that, that would be nice. �23? Not that nice....." Unless you knew the price of all these yarns, and you knew the rarity of what you were getting, and knew how much hand knitted socks cost. As a casual buy from a fair, I don't think that would happen at that price. If all the people who are coming through Wonderwool are going to know the value of the wool and the things they're buying, then why would they want a beginners sock kit? What something is worth is only what someone is willing to pay for it. Yes exclusivity is important, as is perceived value, but not as a "get people onto the stall" at a fair. |
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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toggle
Joined: 30 Dec 2006 Posts: 11622 Location: truro
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lottie
Joined: 11 Aug 2005 Posts: 5059 Location: ceredigion
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sally_in_wales Downsizer Moderator
Joined: 06 Mar 2005 Posts: 20809 Location: sunny wales
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Fee
Joined: 21 Mar 2005 Posts: 15922 Location: Earth
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jamanda Downsizer Moderator
Joined: 22 Oct 2006 Posts: 35057 Location: Devon
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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Posted: Tue Apr 24, 07 7:14 am Post subject: |
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Penny wrote: |
Stacey wrote: |
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? |
No |
They have very different views, I think. One is intimately involved with the product, know the in's an the out's of it, in fact has too much information, and is often much too close to it to make a proper valuation of it's "worth" to a customer.
A standard customer just thinks "Oh! Hand knitted socks, I've always fancied having a go at that, that would be nice. �23? Not that nice....." Unless you knew the price of all these yarns, and you knew the rarity of what you were getting, and knew how much hand knitted socks cost. As a casual buy from a fair, I don't think that would happen at that price. If all the people who are coming through Wonderwool are going to know the value of the wool and the things they're buying, then why would they want a beginners sock kit? What something is worth is only what someone is willing to pay for it. Yes exclusivity is important, as is perceived value, but not as a "get people onto the stall" at a fair. |
But why does that mean that sally should sell her stuff for less than half the price of other people selling the same thing?
Are you a knitter Penny?
Toggle has posted links to similar products and a quick google search shows that the going price is a lot more than sally is thinking about charging.
And with due respect, the fact that you'd only pay �6 for a pair of handmade socks means that you aren't sallys target market
Last edited by Stacey on Tue Apr 24, 07 7:22 am; edited 2 times in total |
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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wellington womble
Joined: 08 Nov 2004 Posts: 15051 Location: East Midlands
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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toggle
Joined: 30 Dec 2006 Posts: 11622 Location: truro
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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toggle
Joined: 30 Dec 2006 Posts: 11622 Location: truro
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Posted: Tue Apr 24, 07 7:50 am Post subject: |
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If I was going to sell the kit, I would definitely reskein it. at the very least into 2 100g skeins that will look better when skeined at a different length to show off the colours. Stack up the skeins, don't stick all one colour together, go for a riot or rainbow effect, should be enough yarn there to see at least 30 feet away as yummy.
offer 2 different colours per kit for about 25, basic kit with 100g for at least 2/3 of that. People will go for the big kit as better value.
Then, add a small cloth bag holding the kit, preferably drawstring. market it as a bag to keep your socks in progress in as you travel, socks are a small portable knitting project, ti's not like toting a jumper about......
That's a small added expense, and doubles the appeal of the kit. |
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