Items priced wrong - do you argue ?
18 years ago
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- 18 years ago
- 18 years ago
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PRICING....advice needed....how do you set your prices?
Comments (4)I don't sell any garden junk/art items, but I've sold other stuff at flea mkt, antique fair, yard sales etc in the past. You've answered your own question, you don't want to go high end but you don't want to give it away, you just need to put a number on it. So, pick a peice and start. What price would be high end to you? What price would be giving it away? Meet in the middle. When I did flea mkt I would usually price just a little higher than I needed to get. You can always come down and it gives your customers room to dicker. But it sounds like a different situation at the co-op you probably won't be there talking to the customers yourself. So just be fair. Find a price thats fair to you and fair to the person who wants to buy something. So neither one of you feels ripped off. Go round and see howthe other dealers (the ones that are actually selling stuff) have their stuff priced. Take in mind what the average patron has to spend. . Jump in and put actual prices on everything you want to take. Walk away for a while, then go back and look at them like you're shopping and you're seeing them for the 1st time. If you wanted one of the peices would you feel comfortable with the price? Good luck with your venture. Let us know how things work out. Do you have pics of your creations? Donna...See MoreBuilders, pricing, contracts - what do you all think?
Comments (28)Mightyanvil, Thank you for the contract breakdowns, I really appreciate that. That is definately part of what I was looking for, ways to create a win/win for us and our eventual builder. We have someone we are interested in using but have not talked specific contracts yet. There seems to be some perception that 1. I am not interested in quality and 2. that I don't realize the potential costs of quality and the unforseen. I appreciate that you are trying to warn me -thanks. I do understand these things and am trying to be prepared for them. What I was trying to get at is that somewhere out there there is a good contractor who will look at a project and take into account our site, our materials choices, our plan, etc. and come up with a bid or projected budget and a price to build our home based on all those things plus whatever he/she needs to make it work, do the job and continue to run a business successfully. Fine with that. There is also someone out there who will do all the same things and will take opportunities to increase the profit he/she takes from the job without offering any additional quality or service to the owners. My whole point is that from my point of view the second scenario is not okay with me and I was wondering what others had done and how they felt about their experiences. I would like to guard against scenario #2 if I possibly can. I know if I choose more expensive materials I will also have to increase the labor portion because it will take more skill from the tradesperson required to do the job. We do want a well built home and know that we will have to make choices and potentially sacrifices to get the things that matter most to us. When I was projecting our budget I took the averages from about 5 different sources of information and then depending on my ability to verify how that would apply to the home we are building I would either use the highest number if I didn't know or the amount that seemed to fit best with our project. There were some items that I was able to verify by actually going out and getting real numbers others by saying 'we are building a home next year it will be (description)if I am looking for 'x' and I budget 'y' is that reasonable? In the 'unknown' areas I spoke to a friend who owns his own concrete flatwork company, he has built several of his own homes. One of his sites was in our neighborhood and similar to ours, so in my basic labor and materials budget I took the amount he paid for excavation and tripled it for safety. I compared that to the prices others have paid in 'hairy situations' and my number was always the highest. We have already dug some on the property as we put in the septic and the excavator at that time did not feel we would have a problem *from what he could see and had experienced on our site* digging the hole for the house. I took the highest foundation cost and added 50%. We have city water, septic is in and we have electrical ready to go. This home will replace a manufactured home so our permits are inexpensive-about 1/3 of what it would be otherwise. When I got my budget together I looked at the overall total and added 10% to the entire thing. I did find that some numbers varied more than others and were harder to pin down. Other times the same number kept popping up so I felt I must be close and the 10% on top of that should cover it. I actually showed this budget and the plan to the builder we are considering and she gave me the feedback that most of my numbers are 'conservative'- in her terms which meant 'high' and we should be fine. Even if our budget goes over another 10% from that we are ok -including the fee amounts she quoted us for her services. At the time the plan we had been considering was built as a spec house nearby and we had gone through it several times. When I contacted the builder I explained that we really liked his house and were considering building that home ourselves. We shared with him information about our property and our time frame and we talked about the finishes in the house and the different things he was including. When he gave me the price for the home as built but on our site it was about 16% higher than our highest number and it did not include everything. Based on comments some have made, maybe it was still a 'fair' number but then again maybe not...in our county you can look up valuations on permits and the price he quoted for house only was $100k over that amount and it was $200k over what he told the county his cost was. In talking with my concrete contractor friend who has built his own homes he told me that builders usually underestimate their expenses for the county but that the county gets very close and they include approximately a 10% 'contractor markup' in their valuation. Enter builder #3, nice guy, only builds turnkey, fixed price. Not sure why he was interested in us as we were very up front that we did not think we would go that way. He was trying to convince us why we should I think. He was very helpful and actually wanted to see our site. He has just finished carving half a hillside out for a huge custom home which we toured so he knows about 'hairy excavation' and he looked at our site and said it was about average for our area and he didn't see a problem. Famous last words I know... anyway he ballparked a price about 10% less than the higher guy and about 9% above our 'cost plus' budget. This makes sense as he does need that 'coverage' in there, but...we had already added that to our numbers so...either we are still way off or...make of it all what you will. The highest number is out of our budget, the middle number is doable and the low number means new furniture, nice landscape etc. Guess which one I am planning on? Guess which one I am HOPING for?! :) So perhaps some will say this all bears no relevance to an actual project and maybe it doesn't. I am not trying to control every aspect, just educate myself and be prepard so that hopefully we make a good choice when we do finally sign that contract. I just wanted to know what everyone else was thinking about builders, pricing and contracts and how to best go about building a home for a 'fair' price. We are committed to building a house, it will be interesting to see what it will actually cost. Thanks all....See MoreHow do you deal with family members buying you decor items.....
Comments (26)I usually give gifts with the receipt in the box. Like someone else said, I don't want to waste my money giving a gift the receiver doesn't like or can't use. I want THEM to be happy so if I guessed wrong, let them get something they like. Natal: I loved your thought. We have a green pyrex mixing bowl we always use on holidays because it was my MIL's. It's like she's enjoying the holiday with us. Oh, and my DIL's mother just buys stuff at the outlet, then figures out who to give it to later. Mostly clothes, so size is optional. Dee...See Morefriend argues with girlfriend
Comments (3)It is your business because they are doing it in your home. You do not like their behavior so put a stop to it or don't invite them over anymore. If you are as friendly with him as you say you are, then tell him in language he will understand. Tell him in the way that he talks to his girlfriend. Be blunt. Don't sugar coat it. It doesn't come off as "control your woman" talk. It is "your constant arguing is sucking all the fun out of the room", STOP IT or else. NancyLouise...See More- 18 years ago
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