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Price...

by Tina, Monday, February 09, 2009, 11:58

Hello!!! (I'm new here :-P ) Look, I made this peackock, (it's the first one I ever made) and I would like to make more and be able to sell them on a reasonable price. But I'm not sure how much. This one took me about 7 hours! Could you (anyone) tell me more or less how much YOU would buy it??? Thanks!!! (I don't have a local store or anything, [I'm 13 years old] and I'm thinking on selling my "creations" on a beach or a park).
Well, Love this site ;-) , Tina

[image][image][image]

My camara is sort of a pain and sometimes the details aren't so clear...

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Price...

by Allegra ⌂ @, Toronto, Canada, Monday, February 09, 2009, 15:51 @ Tina

OH my gosh, your peacock is gorgeous!!!!!!! Seriously classy. It doesn't look like a toy-like beaded animal, it actually looks like something precious you would display on your mantlepiece, almost porcelain-like. Well, if it took you 7 hours, and it looks like quite a bit of material went into it, I would say about $50 would be a good starting point. It can't be too high because then it will scare people off and they won't seriously get a good look at it and consider it. Take off a cent and make it $49.99 so it looks that much cheaper. If they do end up flying off the shelves, raise the price to $59.99!

Anyone have any other suggestions? If it doesn't sell at all, you can lower it to $39.99 until it gets enough attention that people tell their friends about it and so on. How big is your peacock?

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Price...

by Laura ⌂ @, Cheshire, England, Monday, February 09, 2009, 16:05 @ Tina

I agree - It is very elegant looking! Which technique is it? Is it the one that's usually written in german or french? I've made a few things from those types of patterns but just small ones, nothing as extravagant as yours. It really is very pretty.

If it took you 7 hours then I guess it needs to be a reasonably high price, but then it's only worth what someone is prepared to pay. I would ask your friends/family to give you an honest price - they can look at it up close and handle it. Also, it depends who you are looking to sell to. For example, one of your friends may not be able to afford to pay as much as your rich neighbour. ;-)

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by Allegra ⌂ @, Toronto, Canada, Monday, February 09, 2009, 16:12 @ Laura

Oh elegant is the word I was looking for! That's the perfect word for it. You definitely won't sell it to your friends at that price, but if you target a wealthier community, like try to make your stand at some area where wealthy people tend to aggregate, you'll have better chances. You might as well get the most value out of your work if you can. At something like $15, it'll probably be flying off the shelves, but you have to spend time making each one, so you won't be able to keep well-stocked. I mean if someone wants one there and then, you can't be turning people away because you ran out...that doesn't look good at all, business wise.
But all this is just theory, so Laura's right, you should ask some very objective people that don't do beading what they'd react to certain prices and what they'd be willing to pay, because they don't know what effort went into it like we do.

Good luck and let us know what works!

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by Tina, Tuesday, February 10, 2009, 06:30 @ Allegra

Thanks everyone!!! Well, actually, my peacock isn't as big as I think you thought it was. It's made with tiny beeds and it's about 3 and a half inches long (including the feathers) and about 2 and a half inches tall! I don't think it would look so good with big beeds. :-) The tecknique is kinda hard to explain, but it's made with wire. I made cocodriles with the same tecknique but with nylon beading thread. :-P

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by Laura ⌂ @, Cheshire, England, Tuesday, February 10, 2009, 09:04 @ Tina

Yes, I think I know which crocodile you mean. It's made up of rows of beads that kind of fold together, isn't it?

You're right - the peacock is smaller than I imagined it to be. I guess I thought of it being about as big as it looks on my screen. I think it might look okay if it was bigger - and it might work better as an actual 'ornament'. I think it might depend on the quality of the beads you use.

Anyway, let us know how you get on when you start selling and good luck with it!

Laura xxx

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