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Downsizer Forum Index -> Small Business Questions, Ideas and Advice

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Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Mar 29, 13 11:47 am Post subject:

MornieG wrote:

I agree with sticking to your price. No one intentionally overprices their products on the assumption that everyone is going to try and haggle.

Pete had a beautiful large spalted and pyrographed bowl that he brought up with him from Cornwall. It was priced very fairly based on the fact the wood was free and the time it took to make. It sat proudly on the table at almost every fair for 18 months. Looked at and admired many many times a day, but when it was turned over and the price was evident it was quickly put down again. But it did sell before christmas. Someone appreciated the time and effort that went into it and was happy to pay the price.

Do you calculate the cost of keeping stock though?

Bodrighy

Joined: 15 Aug 2008
Posts: 2157
Location: Near Devizes

Posted: Fri Mar 29, 13 12:01 pm Post subject:

Rob R wrote:

MornieG wrote:

Do you calculate the cost of keeping stock though?

How do you do that? I can see that with cattle etc there are obviously overheads as there is with meat etc but with wooden objects I don't see that keeping stock actually incurs a cost? This is where no doubt I get a lesson in finances LOL.

Pete

Rob R

Joined: 28 Oct 2004
Posts: 31902
Location: York

Posted: Fri Mar 29, 13 12:10 pm Post subject:
I can't put a figure on it but I presume it takes up space & can't be kept damp & it'll need transporting & time. I was just wondering if that bears any influence on your pricing. Of course if it's a showcase piece it probably draws people in to buy the less expensive pieces.

MornieG

Joined: 17 Jan 2013
Posts: 933
Location: Bromham, Wiltshire

Posted: Fri Mar 29, 13 12:38 pm Post subject:

Rob R wrote:

I can't put a figure on it but I presume it takes up space & can't be kept damp & it'll need transporting & time. I was just wondering if that bears any influence on your pricing. Of course if it's a showcase piece it probably draws people in to buy the less expensive pieces.

Stock is a problem if you overstock and have too much to take to fairs etc unless you are purposely overstocking for a time to build up for an event like Christmas. If those expensive pieces are displayed to the detriment of less expensive items that you might otherwise sell then of course it costs. If you have stock that deteriorates then it costs again, which we don't, and we have a store to keep it in good condition. Expensive pieces can also be used as a show piece which brings people to the table. We try and have one or two, generally large and or unusual and they do sell eventually but in the meantime they have worked for their space.

Mo.XX

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