- Jan 27, 2011
- 39
- 0
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Stop selling your product short.
If, as you said, the customers truly PREFER colored eggs, that is called an economic "discriminator". They clearly value your eggs more, and hence they should be asked to pay more. If they DO value them more, they will.
But first you MUST ASK.
I sell my time for a living. If I begin by devaluing it, I can never raise my hourly bill rate without painful incrimental raises that seem arbitrary. I start out at where I want to be, then hold fast. They always pay. I may have fewer clients, but they pay more, and they are getting a value for what I ask them to pay, otherwise they simply wouldn't retain me. Economics 101.
I am not saying anything that you all don't already know, I just think that **eggs** don't seem to make the cut when we think of "value added".
In fact, I helped one of my chicken mentors market her eggs in an actually very downscale farmer's market. She couldn't break the $2.00 ceiling for a dozen. She had tried bundling 18 in one paper box for $3, but nothing worked. I suggested she package them in these cool CLEAR EGG BOXES...
http://www.eggboxes.com/index.php?a...g-Carton&sid=2dpa5au70lr2hxk0x61kc7uou8zkd077
to showcase off her predominantly green and blue eggs. Blue eggs don't cost more to "make", so the premium for the egg carton and custom label (designed by her DH) was still a bargain.
This is what we did :
TRENDY ROUND clear pack, but ONLY 1/2 doz , ALL GREEN eggs---$2.00
TRADITIONAL shaped, clear pack , DZN, MOSTLY green eggs, a few brown--- $3.25 (kinda like $9.99 feels better than $10, but not a full $3.50---that just felt too high- but that left wiggle room for a seasonal price increase, near Easter---which worked beautifully, even though there were technically
more in the supply chain---again, the "perception" of increased value was at work.)
TRADITIONAL shaped, clear pack, DZN, all brown---$2.50 (not a money MAKER, but liquidated the brown eggs without undercutting the "value" of the other
clear packed eggs.
She broke her $2 ceiling, SOLD OUT OF EVERY EGG SHE EVER BROUGHT, with "waiting list" orders for the following week!
She was a dear friend and mentor, and I can't wait to put "our" formula to work locally (478 miles from her!) in September when my week old EE chicks start laying regularly.
REMINDER (edit) this was a DOWN scale farmer;s market. I can only imagine that the claims of $6-$8 a dozen in Yuppieville is spot on.
GO FOR IT, GIRL!
If, as you said, the customers truly PREFER colored eggs, that is called an economic "discriminator". They clearly value your eggs more, and hence they should be asked to pay more. If they DO value them more, they will.
But first you MUST ASK.
I sell my time for a living. If I begin by devaluing it, I can never raise my hourly bill rate without painful incrimental raises that seem arbitrary. I start out at where I want to be, then hold fast. They always pay. I may have fewer clients, but they pay more, and they are getting a value for what I ask them to pay, otherwise they simply wouldn't retain me. Economics 101.
I am not saying anything that you all don't already know, I just think that **eggs** don't seem to make the cut when we think of "value added".
In fact, I helped one of my chicken mentors market her eggs in an actually very downscale farmer's market. She couldn't break the $2.00 ceiling for a dozen. She had tried bundling 18 in one paper box for $3, but nothing worked. I suggested she package them in these cool CLEAR EGG BOXES...
http://www.eggboxes.com/index.php?a...g-Carton&sid=2dpa5au70lr2hxk0x61kc7uou8zkd077
to showcase off her predominantly green and blue eggs. Blue eggs don't cost more to "make", so the premium for the egg carton and custom label (designed by her DH) was still a bargain.
This is what we did :
TRENDY ROUND clear pack, but ONLY 1/2 doz , ALL GREEN eggs---$2.00
TRADITIONAL shaped, clear pack , DZN, MOSTLY green eggs, a few brown--- $3.25 (kinda like $9.99 feels better than $10, but not a full $3.50---that just felt too high- but that left wiggle room for a seasonal price increase, near Easter---which worked beautifully, even though there were technically
more in the supply chain---again, the "perception" of increased value was at work.)
TRADITIONAL shaped, clear pack, DZN, all brown---$2.50 (not a money MAKER, but liquidated the brown eggs without undercutting the "value" of the other
clear packed eggs.
She broke her $2 ceiling, SOLD OUT OF EVERY EGG SHE EVER BROUGHT, with "waiting list" orders for the following week!
She was a dear friend and mentor, and I can't wait to put "our" formula to work locally (478 miles from her!) in September when my week old EE chicks start laying regularly.
REMINDER (edit) this was a DOWN scale farmer;s market. I can only imagine that the claims of $6-$8 a dozen in Yuppieville is spot on.
GO FOR IT, GIRL!
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