I would go no lower than $20. You don't want to undercut everyone. We all loose in that scenario.
Well lets say you live in California or other high cost of living area and he lives in Kansas, Mississippi or some place with a lower cost of living and a bad economy. He can't sell pens for what you can just because of the income and cost of living. I don't think he wants to sell them cheap but either way thinking we can influence each others prices is crazy. Even if we were talking about strictly selling on line It would be next to impossible to try and have all the same limit for low prices. It's also price fixing which is illegal as funny as that sounds. :laughing:I don't think that I indicated a raise in pricing over another vendor. You are missing my point. There needs to be a reasonable price point. $13 is ridiculous. Undercutting price does no one any good. The attitude that if it feeds your family than do it, is killing the remodeling business. And it will kill our business. We, as Penturners, need to stick together and offer our products at REASONABLE prices.
As for your example, the kit cost between Slimline and Funline are not that different. Most are between $2-3$ no matter the finish. I just checked out WoodandWimsies and the material has no baring on cost, whether it is gun metal, gold, chrome...
With $4-$5 min per min in just the kit and blank, and 30 minutes time from start to finish, you are not feeding anyone. You need to include all other items used to make the pen, all of your tools, glue, paper towels, etc.
I understand how to price, but we need not price ourselves out of business. I can't stand walking into a UPS store and see a guy selling slimelines for $12. There is no way that there is any money in it. Even if you make $7 a pen you would need to sell hundreds to feed your family, and I doubt many guys are feeding their family selling pens.
Hey Mike this is a classic case why having your location posted helps. We naturally assume that you are in the same country as us which makes for bad advise. Just being in a different State in the US can make a difference on allot of questions, being half way around the world definitely makes a difference.before reading this i thought £15 was a little high for a pen... obviously not
Well I did Craft shows for over 10 years. Before I started craft shows I made and sold the same Lawn decorations on side of the road for like 2-3 years. When I started, I along with my wife and several friends and family members discussed what we thought was a fair price for the yard signs. I wanted to make sure they would buy more then one at a time but didn't want to get ripped off for my efforts. We came up with $10 per sign across the board and later added some real simple smaller ones for $5 each. I used better paint and materials including Stainless steel screws attaching them to the sticks. I guaranteed my signs from faulty materials. I sold out all the time. I started at the craft shows and they had crappy signs with inferior materials for $15. Should I have raised my price from what we carefully considered a fair price for my customers and were making the profit we thought was more then fair for the work involved? For ten years I sold out at every show and took orders on top of that.OK as said I am not a pen turner so far,but have a question.I found a site where nthey are selling kits for 2.00 bucks an less :blink: would thet be worth getting? like I said I don't plan on selling what pens I make,but then I don't want them falling apart on folks.Opinions please.
Next note,I have seen some fantastic pens in shows that folks are selling for 50.00 bucks up to an over a 100.00 bucks ea,an IMHO they were worth what they were selling them for,and I don't think it would be right for someone to set up next to em an sell pens for 10.00.We in some way have to respect the effort and skills of fellow woodworkers.
That's actually not a bad idea.He even had a "dud" box for less than $20. He told me that he makes so many pens, if he's not happy with one, he'll finish it anyhow and sell it in the dud box.
WoodandWimsies carries some PSI kits;Well lets say you live in California or other high cost of living area and he lives in Kansas, Mississippi or some place with a lower cost of living and a bad economy. He can't sell pens for what you can just because of the income and cost of living. I don't think he wants to sell them cheap but either way thinking we can influence each others prices is crazy. Even if we were talking about strictly selling on line It would be next to impossible to try and have all the same limit for low prices. It's also price fixing which is illegal as funny as that sounds. :laughing:
As for the prices of pens, I buy mine from PSI your 2-3 dollar price is off and it does matter about finish. I looked at the WoodandWimsies site and their pens are different. I'm not sure of the quality and could not find anything on warranty. PSI pens except Funline come with a life time warranty and are of high quality compared to a couple others I have tried .
I'm willing to check your supplier out since the prices on some things seem better then PSI. Anyone else use them and have input.
There are a few things to consider.$5 worth of materials and 45 min of work is not worth $50 -100, matter a fact it sounds more like a rip off at the $100. That being said if it is a high quality pen kit ($7 or more) and or is made of some expensive exotic/figured wood with high craftsmanship then I would under stand that high of a price. Then in that case a crappy imported $10 pen would be a proble to some but if they can tell quality it wouldn't be.
I judge my work and set the price by my standards and could care less what others think unless they are a customer.
You guys are missing the point. No one indicated that we should sell pens of different quality at the same price. That is ridiculous. I assumed that when the question was asked, it was understood that we were talking about good craftsmanship and materials.That's actually not a bad idea.
You also made my point shorter then I did material and craftsmanship make the price, not what others sell them for. Location can also have a big part in it.