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Reply by Puzzleman

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Posted on pricing woes

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Puzzleman

417 posts in 2996 days


#1 posted 05-26-2015 05:35 PM

Fair market Value is an elusive number. It all depends where the market is at today or tomorrow or next month.

I sell my products for an amount that makes profit for me. Period. Not all markets can handle the pricing of my products. That is where I let my competitors who only try to be the lowest price go.

Think of it this way. What is the fair market value of a new car. You will tell me it depends on make and model and options and features. Same with your products. Lets take your idea of Adirondack chairs / furniture. I am sure that you will put features, options and skill into them that other won’t or don’t. So how can you compare yours to theirs. You are comparing Cadillac’s to Kia’s.

Bottom line is to charge what is a fair price to you to make a profit. If you hear comments about that is a good price, then raise your price. You want to have your pricing where not every can afford the work you do. That is what makes it special and not a commodity.

-- Jim Beachler, Chief Puzzler, http://www.hollowwoodworks.com


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