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Old 09-20-2011, 12:55
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Default Talk about profit!!

I just got my daily email from Gilt Group and they have FOE hair ties and headbands (just the knotted kind) for..........$23.00 for 16 ties and $25 for 8 headbands!!! And that is supposed to be the discounted price!!! Unbelievable that anyone would actually pay that much.
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Old 09-20-2011, 12:57
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Default Re: Talk about profit!!

Wowza!
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Old 09-20-2011, 01:02
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Default Re: Talk about profit!!

Hmmm, I sell my bracelet/hair ties for $1 each ($5 each if I add a bling button), but I always sell my headbands for $3 each.

I had no problem selling them, they were actually quite popular and people were asking for them in infant sizes so one night I made up a few for infants and sold out of all the newborn size ones and about half of the infant sized ones the next day at $3 each also.

I didn't realize that was high for headbands...
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Old 09-20-2011, 01:06
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Default Re: Talk about profit!!

I think it is great for you if you can sell them at that price! I was commenting on how much they are making considering how much FOE costs. I guess if people don't know they don't care.
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Old 09-20-2011, 01:12
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Default Re: Talk about profit!!

I usually sell my FOE bracelets/hair ties for $1 or 4 for $3. I sell the headbands (interchangeable) for $2 each but I do a deal if they buy a bunch. Sometimes I feel like I'm charging too much for them b/c the material cost is so low and it takes hardly any time to make them. I think I am fairly average on price for them though. I had a thread on the craft show board the other week about pricing for interchangeable FOE headbands.
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Old 09-20-2011, 01:14
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Default Re: Talk about profit!!

I sell my hair ties all day long for $1 or more a piece and headbands for $5 and up.....
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Old 09-20-2011, 01:15
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Default Re: Talk about profit!!

Quote:
Originally Posted by scoutOK View Post
I think it is great for you if you can sell them at that price! I was commenting on how much they are making considering how much FOE costs. I guess if people don't know they don't care.

My customers have no idea what FOE is, let alone what it costs. And I have no intention of telling them. I don't even call them FOE headbands, why give them that much of a headstart on finding the material, they are soft elastic headbands.

I am not selling to all the ladies here that craft their own goodies, I am selling to the moms and teens that don't craft and they have no idea what I pay or how much time goes into something. The just know what they would have to pay retail for similar items, their perception is different than ours.

I live in a low income small town area so I have to watch my high end items, but anything $5 or under I can move a lot and quickly, so it has to have a good profit margin.
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Old 09-20-2011, 02:07
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Default Re: Talk about profit!!

I just started making Hair bows. I need help pricing them. How much is too much and how much is a good selling price?
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Old 09-20-2011, 02:17
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Default Re: Talk about profit!!

I went into a local boutique that just opened up this past summer to see what they had and if it would be a good place to inquire about wholesale. They had some FOE headbands, they were tied and some had swirl prints on them, but still just FOE... $9.95 each!?!? I could wholesale to them at higher than my retail and they would still be making a huge profit!!!

I really would consider asking about getting in to this shop, but seriously I dont think they will stay open long, this is a college town with only about 2,000 people. I dont think college students can afford or would pay $10 for a piece of elastic. The clothing they had was $200+ for a blouse, I think they are confusing our small town Main St. with Rodeo Drive.

Krista
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Old 09-20-2011, 02:19
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Default Re: Talk about profit!!

Geez..
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