Pricing Gift Baskets?

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Pricing Gift Baskets?

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sally_in_wales
Downsizer Moderator

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

Posted: Thu Nov 30, 06 12:20 pm Post subject: Pricing Gift Baskets?
Just making up some gift baskets of my soaps to send to a show at Caerphilly Castle this weekend, and I realise I don't know how best to price them. Does one normally make the individual item prices a bit cheaper so the basket represents a small saving, or do you round the price up to account for being in a basket all prettified?

Sarah D

Joined: 28 Oct 2004
Posts: 2584

Posted: Thu Nov 30, 06 12:39 pm Post subject:
Price put up for the basket/presentation, etc I would have thought. I would price the soaps up individually, add together, then add on cost of basket, packaging, ribbons etc, then add on % on top for profit. That's my thoughts.

hedgewitch

Joined: 26 Nov 2005
Posts: 5834
Location: Daft wench GHQ

Posted: Thu Nov 30, 06 3:04 pm Post subject:
Yep - I would think price up too. You're adding value with the basket and the design/presentation as well as extra cost of the basket and trimmings. As Sarah says, take both into account.

AnneandMike

Joined: 21 Jun 2006
Posts: 890
Location: Over the hill and soon to be far away

Posted: Thu Nov 30, 06 8:21 pm Post subject:
Put up the price, Sally. Many people think that more expensive things are 'better' and therefore better value. Look at the stupid prices on perfumes, etc. Mike

sally_in_wales
Downsizer Moderator

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

Posted: Thu Nov 30, 06 8:29 pm Post subject:
ok, will give it a go. I'm not very good at pricing things up, but its worth a whirl!

Sarah D

Joined: 28 Oct 2004
Posts: 2584

Posted: Fri Dec 01, 06 9:03 am Post subject:

Pricing up is the ahrdest part of any enterprise where the goods are home made; my views are coloured by the fact that I look at it and think "Well, I wouldn't pay that much for that, I can make it myself!" Not too helpful............
Have a look aroound the stalls at craft fairs, shops, internet and see what others are charging - usually much higher than I would charge. I'm too soft, and tend to let my things go too cheaply. I'll never get rich from it

2steps

Joined: 05 Sep 2005
Posts: 5349
Location: Surrey

Posted: Sun Dec 17, 06 4:43 pm Post subject:
I'm the same I also feel bad about charging people a lot for something I enjoy doing anyway

Blacksmith

Joined: 25 Jan 2005
Posts: 5025
Location: Berkshire

Posted: Sun Dec 17, 06 5:07 pm Post subject:
Common problem ! Just sold a couple of items on eBay. At best I have covered my costs, If I include the 6 hours @ Sunday rate packaging them, searching the Internet for a courier who will take items 160 cm high (for under ï¿½100) I would be losing money. Perhaps we ought to include the word "designer" in our advertising and quadruple our prices ?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Sun Dec 17, 06 5:09 pm Post subject:
Where's it going to, and when for? I may know a bloke with a 4x4...

Blacksmith

Joined: 25 Jan 2005
Posts: 5025
Location: Berkshire

Posted: Sun Dec 17, 06 5:19 pm Post subject:
Not wearing a burberry cap as well ?

Nick

Joined: 02 Nov 2004
Posts: 34535
Location: Hereford

Posted: Sun Dec 17, 06 5:22 pm Post subject:
Fraid not. But, I'm serious. If it's en route anywhere..... ( I can hit you early in the New Year without trying), so it depends on the destination.

Rï¿½isï¿½n

Joined: 30 Jul 2005
Posts: 578

Posted: Sun Dec 17, 06 5:24 pm Post subject:
Lush always add up individual prices of the contents then whack on the cost of the pretty box, and people always buy their stuff. Go for it.

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