Kool Tack dry mount price check

[Randall C Colvin]

I'm curious about other's method of pricing dry mounting using Kool Tack. It seems to me that if I use a linear scale my smaller sizes are under-priced and larger sizes maybe overpriced. My 16x20 is $10. How does that compare? Cost of living here is low, I'm home-based and I feel I have to keep prices as low as possible and still make a buck.

 

[j Paul]

• 8x10 = 11.95
• 16x20 = 18.90
• 20x24 = 23.10
• 20x32 = 27.20
• 32x40 = 37.80

 

[FrameMakers]

The way I price board materials is to take the cost of the full sheet as a base price then put my mark-up on the amount of board used.

So if a board cost $10 and I put a 5 time mark up on it, the price of a 16x20 which is 1/4 of a sheet would be $22.50 ($10+(1/4 of the cost X 5))

Of course all these numbers are for explanation only. You need to figure out what you are paying and what you need to be marking up each item. This way though it brings up the bottom a bit, but keeps the top from being out of bounds.

 

[Jim Miller]

...Cost of living here is low, I'm home-based and I feel I have to keep prices as low as possible and still make a buck.

Of course you have to consider the factors of your local market, but rather than pricing as low as possible, please consider taking the opposite approach to your retail pricing: Earn as much profit as possible and still remain competitive in the marketplace.

Perhaps you believe you can afford to give away some profit, since you do not have to pay rent. A home-based business lacks the attraction of a retail storefront, so home-based businesses generally have to spend a larger percentage of revenue on marketing and advertising, and generally do not enjoy as much business as storefront competitors.

Aside from compensating for the disadvantages of being home-based, maximizing profit is a fundamental business principle.

The fact that you are home-based need not come into the equation. Regardless of where you do the work, a competitive price is a competitive price. If you moved into a storefront, would your prices still generate enough profit to provide your income? If not, your storefront competitors and your bank account will thank you for reconsidering your pricing policy.