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Thread: Pricing!

  1. #11
    Join Date
    Jul 2009
    Location
    Reading, Berkshire
    Posts
    261

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    Ok great thanks I will have a look at that, we were taught a formula at uni too but I can't remember it! I may have it in a notebook somewhere.

    I mostly work in silver as that's what people tend to order from me, I'll only hallmark that if it's overweight, most of the gold items I make are overweight anyway but one thing I made recently was underweight, just. I have advertised it at a price to include hallmarking costs but I've had an order from it and he asked if the price could be reduced, so I gave him the option of not having the hallmark.

    I registered as self employed 2 years ago when I started to get more orders than just from friends and family!


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  2. #12
    Join Date
    Jul 2009
    Location
    Romsey
    Posts
    5,256

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    Quote Originally Posted by LydiaNiz View Post
    If you search pricing formula on here, Peter's formula is the one I use (with the od tweak).
    Not mine, I just use it There are others, but consistency is important. When I burble about cost of sales (wholesale vs retail), it's important to recognise that time spent selling costs you - as an example, the other week I agreed to meet a customer at a specified time & place to deliver their commission. Waited around an hour, they didn't show and I needed to make other arrangements for delivery. That meant the cost of sales went well over what had been factored into the price and in effect it's being sold at a loss on the wholesale price. That is an exception, but it happens occasionally.

    What's an od tweak? Anything like an Ood tweak?

    As for hallmarking costs on silver - I'm budgeting about £6 per piece (incl. postage both ways, VAT et al) for small batches; consequently, for stock silver pieces under the weight I no longer bother.

  3. #13
    Join Date
    Jun 2010
    Location
    Cardiff
    Posts
    988

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    That formula, yes :-)
    An od tweak is somewhere between Ood and odd, depending on sausageness of finger ;-)

  4. #14
    Join Date
    Oct 2015
    Posts
    139

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    Isn't an ood tweak when your tentacles twitch because your own has got tangled up?

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