is my pricing wrong

[rezyac]

hi i dont know what you can say about pricing so ill keep it sort.

im looking at around £2 to make and package a mug, and im seeing people sell for £3 on ebay saying dishwasher safe and have thousands of feedback.

what the hell am i doing and no way can i compete or give competitive prices,

im getting all my stock from bms

[viccar]

yep they make a £1 on each mug :frown: but they sell in volume.....

[John G]

Here we go again.

[RogerC]

Pricing is never 'wrong'. There are so many variables to consider. The bottom line is charge what you have to or need to to make it worth your while. A 'quality' product will always sell.

[rezyac]

ok thanks i was waiting to see if anyone said im paying to much but it seems ok around £2 mark thanks

[John G]

but it seems ok around £2 mark

Open forum and everyone is advertising making mugs for under £2.00

If your using good gear, good mugs etc, and not vat reg, I doubt you'd be able to print for under £2.00 IMO

[logobear]

I think all your assumptions are good, but the mistake is to think that a startup with a single clamp and little experience can profit from £3 mug sales, because YOU cannot, - but other setups might......
I suggest you look to markets where you can sell £10 mugs, - or at least £5 mugs, - local craft fairs, local business, schools, church, whatever.

[rezyac]

thanks, i was never intending to sell at £3 i was just thinking they must be using cheap mugs, but i see how it can be done with a lot off presses and a high sale rate would turn profit.

i am indeed a noob, with no experience, at the moment im making them for fun and selling to friends and family and just getting the cost back for the items,

if i am wrong and its costing me over £2 then i am loosing money while i am getting experience.

[rezyac]

If your using good gear, good mugs etc, and not vat reg, I doubt you'd be able to print for under £2.00 IMO

sorry i don't understand completely, do you mean if i was vat reg then mugs would be cheaper to make with claiming tax back, or that my gear listed is no good.

i worked it out from in 12p to 37p an image, paper 4p post box 38p mug $1.13, heat tape would be in the penis also.

im not looking for nor did i think this is a get rich quick idea,

i just want to try and get back to doing something been off work for over a year and will still be sick over the next 2 years at least.

asking questions on here to get tips and keep it fun but its now feeling not so fun trying to work out costs lol

[logobear]

I think you should be concentrating on what you can sell them for, not saving a few % on cutting costs, as you gain experience you will discover what products you like, and service you value, while I buy over 1000 mugs at a time, and pay pallet rate, you will be buying boxes, and paying a lot for carrage, you cannot run before you can walk....., you might save 50p per mug, but it is really about your selling price, not cost price!