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Old 01-24-2012, 07:50
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Location: Birmingham, AL
Posts: 219
Default 5.5 inch Korker Bows

Hi ladies,

I am trying to price these 5.5 inch korker bows.

They cost $1.20 to make.

I figure out the price normally by this...
  • Cost $1.20 * Number of bows I can make an hour 10 = $12.00
  • $12.00 + Amount I want to make per hour $20.00 = $32.00
  • $32.00 / Number of bows I can make an hour 10 = $3.20 min. per Korker bow
but... that is not enough. My normal 3.5 inch Korker Bow are $3.75 each.

Any help is greatly appreciated
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Old 01-24-2012, 07:51
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Default Re: 5.5 inch Korker Bows

This is it.
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File Type: jpg 2012-01-24 15.41.21-picsay.jpg (73.1 KB, 104 views)
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Old 01-26-2012, 01:17
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Default Re: 5.5 inch Korker Bows

Anyone? I could really use opinions on pricing these. I do not want to undercut anyone...
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Old 01-26-2012, 02:42
jessicasbowtique's Avatar
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Location: Kentucky
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Default Re: 5.5 inch Korker Bows

I "stair step" my pricing on my korkers. Wow!! I sell my 3.5" for $6 they go like hot cakes. Like I sell my mini's 2.5" for $4 my 3.5" for $6 so I would sell a 5.5" inch for $8. Does that make since. I usually add $2. That's just what I do.
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Old 01-26-2012, 02:58
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Join Date: Jul 2010
Location: California
Posts: 527
Default Re: 5.5 inch Korker Bows

So - you are saying really that they cost $3.20 to make (including time and all that)....generally, I try to multiply by 75% ... so minimum I would do is $7.68...then if you sell them wholesale - you can sell them for 50% off and sell them for $3.84 (or $4) and still make money off your cost.

I personally would sell a 5" korker for $8 or more...maybe even $8.50

You don't want to lose money if you sell them wholesale...so up your retail pricing a bit. HTH




Quote:
Originally Posted by Kmj267 View Post
Hi ladies,

I am trying to price these 5.5 inch korker bows.

They cost $1.20 to make.

I figure out the price normally by this...
  • Cost $1.20 * Number of bows I can make an hour 10 = $12.00
  • $12.00 + Amount I want to make per hour $20.00 = $32.00
  • $32.00 / Number of bows I can make an hour 10 = $3.20 min. per Korker bow
but... that is not enough. My normal 3.5 inch Korker Bow are $3.75 each.

Any help is greatly appreciated
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Old 01-26-2012, 03:29
prettypiggysboutique's Avatar
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Join Date: Nov 2008
Posts: 846
Default Re: 5.5 inch Korker Bows

NO WAY you can make that korker in 10 minutes! It takes longer than that to wrap the ribbon. Shoot you're supposed to bake it for 20 minutes!
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Old 01-26-2012, 03:38
elysasmommy's Avatar
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Join Date: May 2011
Location: New Mexico
Posts: 619
Default Re: 5.5 inch Korker Bows

I sell my 5 inch korkers for 7.50 hth
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Old 01-26-2012, 04:21
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Join Date: Jun 2011
Location: Brigham City, UT
Posts: 1,418
Default Re: 5.5 inch Korker Bows

I'm not great at pricing, but give it a try at the rate you want. If they don't sell at that price you might consider replacing them with something else to sell. I have had to do this a couple of times for time consuming products. Best of luck!!
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Old 01-26-2012, 05:40
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Join Date: Jul 2011
Posts: 240
Default Re: 5.5 inch Korker Bows

I sell my 5 inch ones for $10, but min have 3-4 times more korker ribbon.
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Old 01-26-2012, 06:37
Senior Member
 
Join Date: Sep 2011
Location: Birmingham, AL
Posts: 219
Default Re: 5.5 inch Korker Bows

I "stair step" my pricing on my korkers. Wow!! I sell my 3.5" for $6 they go like hot cakes. Like I sell my mini's 2.5" for $4 my 3.5" for $6 so I would sell a 5.5" inch for $8. Does that make since. I usually add $2. That's just what I do.
---Thanks for your advice I appreciate it!

Quote:
Originally Posted by jazzysteph View Post
So - you are saying really that they cost $3.20 to make (including time and all that)....generally, I try to multiply by 75% ... so minimum I would do is $7.68...then if you sell them wholesale - you can sell them for 50% off and sell them for $3.84 (or $4) and still make money off your cost.

I personally would sell a 5" korker for $8 or more...maybe even $8.50

You don't want to lose money if you sell them wholesale...so up your retail pricing a bit. HTH
---Yes, $3.20 with time and all...oh ok I see...that makes sense...thank you!
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New product--7/8' paw prints grosgrain ribbon
New product--2.25' star grosgrain ribbon
new products-3/8' snowmen grosgrain ribbon
New product--2.25' polka dot grosgrain ribbon
new products--7/8' cheetah skin print grosgrain ribbon
http://www.hipgirlclips.com/store/images/medium/breast-cancer-bow-tie-hair-clip.jpg

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