profit Vs justification or unfair competition


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Posted by Lara on July 7, 2002 at 16:43:11:

In reply to: profit Vs justification posted by samantha on July 6, 2002 at 20:43:18:

This is exactly what I'm dealing with.

Our prices used to start at $10 minimum. People had absolutely no
problem paying and we made huge profits. Then the designs began to
seem so simple, we began to feel guilty charging so much for the
seahorse and the swirly sun we could do with our eyes closed.

I started running those designs and some others as $5 specials,
thinking I could give the customers a break and bring in more
business at the same time. Pretty soon we were working twice as hard
but making half the money, and people only wanted what they could get
for five bucks! This was not a good idea. For the last event, we
raised our prices back up to start at $10. Even for the s-curve-way
to simple- bracelet.

Another problem we've had with pricing is that another henna artist
at an event is under-pricing designs. One teenager at a street fair
came by our booth to show off a huge mandala on her shoulder that the
other artist had done for three dollars! We kept our prices the same
and still had a decent day, but we were very frustrated to say the
least.

What is the average price range that any of you might charge at a
festival or street fair? We keep the designs pretty basic for these
types of events and charge $10-$25 for most designs.

 


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