Originally Posted by athenagwis
Plus if someone says that they can buy one from Wal-Mart for $20, they are not your target market. If they are already thinking that way, they will never pay what a quilt is truly worth and you should not lower your price just to get a sale. Make sure you target and market to people that have the money to spend and know what quality really is.
Rachel
Some really good advice here!
I had an old man tell me once that "you can work for the rich or the poor, which one are you going to cater to?" That is something that I have never forgotten.
I paint high end bikes and show cars and make good money doing it. I have had some folks look at me like I have lobsters crawling all over me when I tell them what it will cost them to paint their car or bike. It has gotten to the point I tell them if you have to ask then you cant afford me! :lol: :lol: :lol: This weeds out a lot of the "Tire Kickers".
But the average cost for me to shoot a car is around 12 to 15K and a bike in the neighborhood of $1500 to $2,000 for the tank and 2 fenders. Thats for the basic Base/Clear coat and some of the Pearls. Now if they want a true Candy or Flames then it will go up considerably, but you might as well double the figure if you go with a Metal Flake (like a bass boat BIG FLAKES!!).
I did a tank and one Fender for a custom built chopper in a Candy Pink Metal Flake and I used 15 pounds of metal flake (you buy it by the pound) and 5 gallons of Clear and the Pink Candy Base Coat. The materials set me back $1500 and I charged the lady $5000 for the job and it took a month to paint it. Its a lot of tedious few hours here and there work doing Metal Flake!!!
But I am getting into selling quilts and all of mine are going to be "Green" in other words I am using recycled bedding (sheets, blankets, dress shirts) and they are sewn on a treadle so no carbon foot print. The cost for me are going to be almost nothing at all except for thread. This way I can keep the cost down, I have a "Gimmick" to sell them by, and Folks that have the "Bed in the Bag" attitude will not die of sticker shock.
Some really good info on how to price them and I will use some of the suggestions and see what I can come up with.
Thank you for posting this thread!! :thumbup:
Billy