Full Version: Pricing for perpetual plaques
From: Ed (EMERY) [#8]
11 Feb 2007
To: gt350ed [#5] 12 Feb 2007
Thanks to all for answering that question! I kind of figured that plates would be done on as needed basis after the original plaque, but I had to make sure.
I've been in business all of 4 months, so I've got a lot to learn!
From: Engravin' Dave (DATAKES) [#9]
11 Feb 2007
To: LaZerDude (C_BURKE) [#6] 13 Feb 2007
Chuck,
The price for the plaque will be the price for the plaque with engraving on the header plate and the first plate. By not charging for the engraving on the additional plates up-front, that does makes the overall up-front investment in the plaque and engraving less.
From: Engravin' Dave (DATAKES) [#10]
11 Feb 2007
To: Cody (BOBTNAILER) [#4] 12 Feb 2007
From: Joe (SMITTY61) [#11]
12 Feb 2007
To: Ed (EMERY) [#1] 12 Feb 2007
Ed,
I would charge per letter on all engraving with a $10.00 minimum per order. You can charge $.20 cents perletter on the header plate and $.10 per letter on the bottom plates. Every time they come back to update the plaque, charge the $10.00 minimum engraving charge. It encourages them to wait untill they get a couple of plates to engrave to make it cost effective for them. Unless of course they are annual updates, then they would get them done one at a time. Nine times out of ten, they are going to come back to where the plaque was purchased to update them. Plus, you have saved the settings as far as font and size.
From: LaZerDude (C_BURKE) [#12]
13 Feb 2007
To: Engravin' Dave (DATAKES) [#9] 13 Feb 2007
Interesting way to look at it David. I have always used my formula for pricing. Due to frieght issues my formula is 4 x X=price.
So if the perpetual plaque costs $22.00 (including all the plates) I would sell it for $88.00, with the header and one plate engraved. That is what I perceive to be the upfront cost of the plaque. Then I would charge as necessary for the individual plaques. I'm getting $8.95 per plate.
I think we are both saying the same thing, just coming to the conclusion by different roads.
From: LaZerDude (C_BURKE) [#13]
13 Feb 2007
To: UncleSteve [#7] 13 Feb 2007
Yes, that makes sense.
As I mentioned to David I think we are getting to the same town, only on different roads.
From: Ed (EMERY) [#14]
13 Feb 2007
To: LaZerDude (C_BURKE) [#13] 13 Feb 2007
Guys...
I have got the answer to what was probably a poorly worded question.
Charge upfront for the plaque, header plate and one plate, then charge for each additional plate as they come in.
I'm surprised by the difference in prices for engraving the plates. I've heard (by way of email) as low as $3 and as high as $10.50. My guess is charges are established by local business practice. I'm pretty comfortable with $5...
Thanks for all the input, folks.
I figure I'll hear from the customer this Sunday, and I feel prepared. Meanwhile, I'm using the snowstorm respite from my day job to finish up a big (for this newbie) trophy order.
From: Bobby (SHARPMACK) [#15]
1 Mar 2007
To: Ed (EMERY) [#1] 1 Mar 2007
Just a quick answer to your question.
If you charge - $ 99.00 for the Perp Plaque. You have two choices
1) Charge per letter for the header plate ,
2) All Engraving is free
Bobby