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How Much is it Worth? Learning to Price Items
11 years ago
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StorEnvy: http://theatomicsoul.storenvy.com/
3D Print Store: http://www.shapeways.com/shops/thea.....ul?sort=newest
One of the most difficult things I have is figuring out how much something is worth.
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I'm a min wage employee. I've never had money to spare and can't afford to buy things for myself often... if ever. Because of this the items I make I want to sell cheap so other people can afford to purchase them. To me, $10 is a lot of money to spend on anything. Even $5 is hard to let go because that's usually two meals. :(
Feeling this way I want to charge as little as I can, but it means I don't end up making anything. I made one product for a person and sold them for under $4 each. I made a total of 16 items for $70, but only because he gave me more; initially the first 8 were $3.75 ea and second 8 ordered were $2.50 ea ($50 ttl)
I REALLY should have charged more, but by my mindset not having money, I couldn't afford to buy them myself so I sold them at what I thought was "reasonable."
Sadly this means after the cost of materials, machine operation time and manual labor I made less then min wage for what I did WITH the extra he paid-- possibly even less then a waitress makes an hour. If I charged what I'm estimating I should have I should've made a minimum of $96, possibly $160 if I charged $10 each instead.
The Tank Girl Danger Balls may even be undercharged:
http://theatomicsoul.storenvy.com/c.....dangerball-kit
I put a lot of time into making them actually function- something MOST prop replicas do NOT do... something even the ACTUAL prop itself didn't do!
I'm charging (ATM) $60 for them: they have all the hardware you'd need to put one together and they're "pin in hole" assembly, so both functional and simple to assemble.
Do you think that's a fair price? I based it off other prop replicas of the same size, but none of those are functional, have moving parts, etc.
And the one I'm debating atm: the Cool World -- Sparks Wooden Nickels.
http://theatomicsoul.storenvy.com/c.....wooden-nickels
I've got them listed pre-production for $6 unfinished and $11 finished. I won't be selling them unfinished once I start production but i'm in debates if I should charge more then that. I'm considering raising the cost of these to $15 or $20 ea. for the finished version.
Do the above prices sound fair to you?
---
I'm a min wage employee. I've never had money to spare and can't afford to buy things for myself often... if ever. Because of this the items I make I want to sell cheap so other people can afford to purchase them. To me, $10 is a lot of money to spend on anything. Even $5 is hard to let go because that's usually two meals. :(
Feeling this way I want to charge as little as I can, but it means I don't end up making anything. I made one product for a person and sold them for under $4 each. I made a total of 16 items for $70, but only because he gave me more; initially the first 8 were $3.75 ea and second 8 ordered were $2.50 ea ($50 ttl)
I REALLY should have charged more, but by my mindset not having money, I couldn't afford to buy them myself so I sold them at what I thought was "reasonable."
Sadly this means after the cost of materials, machine operation time and manual labor I made less then min wage for what I did WITH the extra he paid-- possibly even less then a waitress makes an hour. If I charged what I'm estimating I should have I should've made a minimum of $96, possibly $160 if I charged $10 each instead.
The Tank Girl Danger Balls may even be undercharged:
http://theatomicsoul.storenvy.com/c.....dangerball-kit
I put a lot of time into making them actually function- something MOST prop replicas do NOT do... something even the ACTUAL prop itself didn't do!
I'm charging (ATM) $60 for them: they have all the hardware you'd need to put one together and they're "pin in hole" assembly, so both functional and simple to assemble.
Do you think that's a fair price? I based it off other prop replicas of the same size, but none of those are functional, have moving parts, etc.
And the one I'm debating atm: the Cool World -- Sparks Wooden Nickels.
http://theatomicsoul.storenvy.com/c.....wooden-nickels
I've got them listed pre-production for $6 unfinished and $11 finished. I won't be selling them unfinished once I start production but i'm in debates if I should charge more then that. I'm considering raising the cost of these to $15 or $20 ea. for the finished version.
Do the above prices sound fair to you?
