Raising Prices?

Seems like people have money to spend in every other facet of "wants". Adjusting prices annually is just good business management.

 

Thanks for the reminder George. I've raised my prices once this year, as I do every year but I am going to again, prior to hunting season.

 

Every year the company I work for gives out a cost of living increase. Every year, as a taxidermist one should be drawing a salary from the business and every year it should increase at least the percent of the cost of living increase. That is just for your wages you receive from the company. Everything else needs to increase to keep up also. EVERY YEAR.

 

Good advice...now, if I would just redeem all those Savings Bonds we have that are locked away, no longer earning interest! We just don't want to pay the taxes on the earnings...sad, but true!

 

Joey, sell them as fast as you can. I've read enough of your posts to know your a smart fellow. If they aren't earning any interest with Joe's inflation your are losing money fast. If you need an investment there's a moose hunt in Alaska I'm interested in. Maybe you could contribute to a go fund me acct.

 

I went from 22 per inch on fish to 30 this year.

 

I raised my prices by 25-30% for the upcoming season, hopefully that will cover the 7% increase that suppliers have now and any future price increases for the next year.
I try to raise prices every year by at least 10%.
Everyone that says the market will not support a price increase must be smokin' something strange..... I raised prices and got more work that the year before.... AND EVERY YEAR!!!!!!

 

Curious, what is your upcoming season Shoulder deer head price ? What was last seasons price ?

 

lowered my prices in half this year…. but only doing birds for fam and friends a few furs….no deer no fish well maybe a crappie

 

I’ve never had anyone complain to me about my price. Maybe that’s a strong indicator that I’m too cheap ...

 

I don't know for sure but I would suspect that you are priced too cheap as well.

 

Your prices should always be based on material costs and overhead costs. They go up and so should your prices. I keep raising and clients keep coming.

 

Your price ?
Cost
+
Overhead ( ham biscuit in am, toiletries after eating, tooothpaste, gasoline to go get flour, get the picture? )
Taxes
Depreciation
Medical
PAY!
Profit
.???????

 

I’ll be going up from $825 to $885 and I’ll hold that price for 2 years as I do always.

 

One thing I've noticed over the years is, for many customers, taxidermy is like clothes or trucks or other costly expenditures, they associate price with quality, so if you are too cheap you will get cheap customers but if you raise your prices, you will get more who don't mind paying whatever you charge. The down side of that is you must put out quality work or they will eventually go elsewhere.

 

went up from $825 to $875 this year ., Also we charge for repair and customization at $75 per hour.

 

If you charge a premium price it had better be a very sharp mount.

 

You are exactly right. They have to be customer pleasing mounts, consistently.