franu61 Posted February 14, 2019 Share Posted February 14, 2019 Anyone else notice that prices are going way up? Wax up $10 for 50 pound box at CS. My M&P bulk soap base up $11 per 25 pound box , plus now only offering flat rate shipping which is higher for me, at BB. SKS sent an email that tins will go up 6 to 25%. USPS shipping up. I have been in business since 2011 and I've never seen such big jumps in price before. Of course we will have to pass these on to our customers. I haven't actually run numbers yet, but seems like I'd have to raise prices about a buck per candle, and buck for bar of soap. I don't think it will go over very well if I jump my prices that much, so that means taking a hit. Quote Link to comment Share on other sites More sharing options...
Sebleo Posted February 14, 2019 Share Posted February 14, 2019 Yes, it’s a nightmare. My wax went up $20 a case a few months ago. Shipping rates have gone up for everything I order. Quote Link to comment Share on other sites More sharing options...
Crafty1_AJ Posted February 14, 2019 Share Posted February 14, 2019 And fees are rising too. Getting harder to make a profit unless you raise your prices! Quote Link to comment Share on other sites More sharing options...
TallTayl Posted February 14, 2019 Share Posted February 14, 2019 I raised candle prices last year and nobody blinked. You may be happily surprised. 1 Quote Link to comment Share on other sites More sharing options...
Lighten Up Posted February 14, 2019 Share Posted February 14, 2019 Yes, I am noticing price increases on almost everything, as I am getting orders together for spring fundraisers. I read somewhere that we could thank the tariffs and the fire(s?) in Europe that has affected the raw ingredients in fragrance oils. 1 Quote Link to comment Share on other sites More sharing options...
franu61 Posted February 14, 2019 Author Share Posted February 14, 2019 2 hours ago, Lighten Up said: Yes, I am noticing price increases on almost everything, as I am getting orders together for spring fundraisers. I read somewhere that we could thank the tariffs and the fire(s?) in Europe that has affected the raw ingredients in fragrance oils. In the email from sks they said the increase on tins was a result of the tariffs Quote Link to comment Share on other sites More sharing options...
NightLight Posted February 14, 2019 Share Posted February 14, 2019 USPS is killing me. I can’t even figure out how to offer free shipping on things I make. Shipping east to west cost boxes going up almost a dollar. Quote Link to comment Share on other sites More sharing options...
Arch Rock Posted February 15, 2019 Share Posted February 15, 2019 I'm not sure what to make of this but I DO know that back in 2004, the same phenomenon began happening and by October, 2008, the Great Crash arrived in all it's splendor. I will say that I heeded these warnings early and got out by the end of 2004. I sure hope this isn't a repeat. Candles and other disposable income "extras" are not recession-proof. Quote Link to comment Share on other sites More sharing options...
TallTayl Posted February 15, 2019 Share Posted February 15, 2019 From events I’ve attended as a spectator so far this year spending is up. Way up. 1 Quote Link to comment Share on other sites More sharing options...
Arch Rock Posted February 15, 2019 Share Posted February 15, 2019 I'm no economist, but what does it mean when consumer spending/confidence is high and prices are also increasing? These are traditionally mutually exclusive. I personally plan to take full advantage of consumers who feel they have money to burn. Whether that's reality or not isn't my concern. I'm not ashamed to admit to being an opportunist. All smart entrepreneurs are. Penn State traffic cuts directly through our little burg. I had Penn State licensing years ago and plan on doing it again this fall. People who are securely retired or can take days off work to travel in expensive motor homes to see a football game are my target audience. People who appreciate quality and are willing to pay for it. Quote Link to comment Share on other sites More sharing options...
Crafty1_AJ Posted February 15, 2019 Share Posted February 15, 2019 22 hours ago, TallTayl said: I raised candle prices last year and nobody blinked. You may be happily surprised. Same here. Etsy raised its fees last summer, so accordingly, I raised my prices there. Quote Link to comment Share on other sites More sharing options...
MilosCandles Posted February 15, 2019 Share Posted February 15, 2019 I raised prices last year, and i just raised them again this year. USPS shipping is crazy now, almost 10% sometimes. Quote Link to comment Share on other sites More sharing options...
TallTayl Posted February 15, 2019 Share Posted February 15, 2019 1 hour ago, Crafty1_AJ said: Same here. Etsy raised its fees last summer, so accordingly, I raised my prices there. Same. I had to raise my prices 5% to cover their new fees I raised the prices 10% on my in person event and sold even more. So you just don’t know. Quote Link to comment Share on other sites More sharing options...
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