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Raising Prices?

Discussion in 'The Taxidermy Industry' started by George, Aug 1, 2021.

  1. George

    George The older I get, the better I was.

    For the last dozen years, I’ve encouraged taxidermists to raise prices. Last year, I warned taxidermists that there was a looming issues about not being able to get supplies and people said they couldn't "get that price" in their area. Six months ago I warned that foam and epoxy products would be going through the roof and I was ridiculed by a couple Einsteins here.

    In the last year, gas has gone from $1.89 to $3.10. Joe Biden is spending money faster than the Treasury can print it. Everything you need to survive has seen price increases.

    Now suddenly taxidermists are panicking, some talking of raising prices on EVERYTHING $100. The excuse is that your clients need to understand how your costs have gone up. REALLY? You mean they haven't been going up for the last decade?

    Big increases right now is a monumental mistake. You see, all of your clients are experiencing the same issues you are. Your average customer will now need to think about having that 3 year od, 120 eight-point mounted or just cutting the antlers off and buying that Walmart antler mounting kit.

    It's too late for trying to catch up all at once. Now it's a matter of survival, however. Think hard about raising your prices $35-$50 BEFORE SEPTEMBER 1. Tell your clients that if inflation continues, you may be forced to increase them again on Jan.1.

    If you've been following good business practices, you may have to cinch your belt a bit, but you'll make it. If you haven't, good luck.
  2. joeym

    joeym Old Murphey

    Seems like people have money to spend in every other facet of "wants". Adjusting prices annually is just good business management.
    Clew, woakley144, Richard C and 4 others like this.

  3. 3bears

    3bears Well-Known Member

    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.
    George and Tanglewood Taxidermy like this.
  4. Tanglewood Taxidermy

    Tanglewood Taxidermy Well-Known Member

    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.
    Clew, George and woakley144 like this.
  5. joeym

    joeym Old Murphey

    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!
    Clew and George like this.
  6. Terry Bennett

    Terry Bennett Active Member

    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.
    Lance.G, joeym and 3bears like this.
  7. Mudbat

    Mudbat Well-Known Member

    I went from 22 per inch on fish to 30 this year.
  8. woakley144

    woakley144 Active Member

    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!!!!!!
  9. Richard C

    Richard C Well-Known Member

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

    byrdman Well-Known Member

    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
  11. Clovis Point

    Clovis Point Active Member

    I’ve never had anyone complain to me about my price. Maybe that’s a strong indicator that I’m too cheap ...
  12. 3bears

    3bears Well-Known Member

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

    socalmountainman Northwestern School of Taxidermy - Class of '73

    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.
    13 point, George, ARUsher and 2 others like this.
  14. Clew

    Clew Help a child, Build our future

    York, SC
    Your price ?
    Overhead ( ham biscuit in am, toiletries after eating, tooothpaste, gasoline to go get flour, get the picture? )
    Wally Gator likes this.
  15. 13 point

    13 point Well-Known Member

    I’ll be going up from $825 to $885 and I’ll hold that price for 2 years as I do always.
    Richard C likes this.
  16. 3bears

    3bears Well-Known Member

    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.
    ANDY, joeym, ARUsher and 2 others like this.
  17. Western Wildlife Art Studio

    Western Wildlife Art Studio STUDIO PHONE (406) 356-2100

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

    livbucks Well-Known Member

    If you charge a premium price it had better be a very sharp mount.
  19. 3bears

    3bears Well-Known Member

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

    George The older I get, the better I was.

    BWAHAHA. I hope you don't actually believe that. Ask Richard C. about a 6 month old, $850 mount he just refurbished. Ask Sandy Sylvester about contracting several birds out to a "World Champion".
    3bears and socalmountainman like this.