[MR] linen shirt pricing
Ed Harrison
duardo at peoplepc.com
Sat Jan 5 20:35:36 PST 2002
Laura, a lot of people have written to you about how to price your shirts
based on costs to produce. Foget it all. Real cost to produce is your
absolute minimum price. Beyond that, cost is a function of DEMAND. If people
are willing to pay $600 apiece, make a lot. If they are only willing to pay
$30 apiece, make something else. Just understand that how much people are
willing to pay for something has almost NO relation to it's production cost.
My own recommendation is that you gather a bunch of catalogs and on-line
sources for similar items,visit other merchants, and set your price a little
below the median price for similar items. Experience will soon teach you how
to adjust your pricing.
Good luck!
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