I’m agreeing with you to a point, and I think you just didn’t add this bit about the bookkeeping.
The point being that one has to know where the bottom line is. I think that Cullen has related that point in a previous post; one has to know when it isn’t worth doing.
I also believe that pricing related to costs is more prevalent to volume production, and I always called that bottom up pricing.
Pricing the other way is what I called top down pricing, and I always did that when I was reselling products that I didn’t make.
Custom product pricing is difficult because it is a combination of both methods; one-off products with the hope of producing some volume from the sale. I think that hope is what has to be evaluated.
I’m late to this, but I agree- the price is the price. (I can only compare it to club soccer, and $850 is a drop in the bucket compared to anything we spent on that.)
Mostly agree. In our business, which is data not crafts, we know the minimum but charge what we find is fair in the market. Which means we are not the cheapest and we do lose business over it. Over the years, we learned we really don’t want the low end business. It’s not worth it as we get more no pays, excessive demands, and pains in the tush from it.
I did post it and haven’t had a single inquiry since.
That could just be that the early frenzy died down.
I will have it at a horse show this weekend along with another product to see if I can generate more action. It really does look more impressive in person. And if you try to lift it you will realize that the dollar to pound (weight not currency) value is there. Thats how I evaluate products
