tonyalkay Posted November 28, 2006 Share Posted November 28, 2006 How much do you charge on gift baskets. Say my products came up to a total retail $30.00 and the basket cost $3.00, how would you price that? would you leave it at $30.00 throwing the basket in for free or would you take off $5.00 from products and then add in the $3.00 for basket making it $28.00. Or how would you do it. Quote Link to comment Share on other sites More sharing options...
Sherie Posted November 28, 2006 Share Posted November 28, 2006 Baskets always make me crazy. I'm anxious to hear what others say about this too. Quote Link to comment Share on other sites More sharing options...
KristinesShower Posted November 28, 2006 Share Posted November 28, 2006 I have an a la carte menu at my store that shows the pricing of everything in our store. The employees add all of the product together and whatever else the customer wants (each gift box, basket or container is individually priced), ask them if they would like it shrink wrapped and bowed which is also on the menu - then we discount the total price 10%. This is the only method that works for me and the only method I was ever comfortable with. Quote Link to comment Share on other sites More sharing options...
Candle Man Posted November 28, 2006 Share Posted November 28, 2006 With all the time and labor it takes to make my gift baskets I don't give a discount.All of my baskets come with product and a silk floral arrangement in the basket and part of the flowers hang outside of the basket when wrapped. My baskets are retail product cost plus basket, floral foam, blank newsprint paper, shreads, flowers, cello and bow somestimes I use holiday picks to so that is extra too. My average basket before product is $12.00, more expensive ribbon or flowers can up the cost, that's including everything but the product. Quote Link to comment Share on other sites More sharing options...
tonyalkay Posted November 28, 2006 Author Share Posted November 28, 2006 Oh, Candleman you need to post a picture of your baskets for us. I would love to see one. They sound beautiful.And thank you KristinesShower. That helps me. Quote Link to comment Share on other sites More sharing options...
Hibiscus Posted November 28, 2006 Share Posted November 28, 2006 I have an a la carte menu at my store that shows the pricing of everything in our store. The employees add all of the product together and whatever else the customer wants (each gift box, basket or container is individually priced), ask them if they would like it shrink wrapped and bowed which is also on the menu - then we discount the total price 10%. This is the only method that works for me and the only method I was ever comfortable with.That's the way I am doing it as well. My products are on sale right now so that's the discount. Quote Link to comment Share on other sites More sharing options...
monie Posted December 9, 2006 Share Posted December 9, 2006 I took a class at a local college called Business Practices for Gift Basket Designers. One of the materials our teacher provided us with was a basic gift basket pricing strategy which is what I use. This is the formula:-add total cost of products, container, and supplies (cell, shrink wrap, bow)-multiply total cost times 2-add price and labor to get retail cost (standard labor was 20%)-multiply total retail price by sales tax percentage-add sales tax to total retail priceHope this helps. Quote Link to comment Share on other sites More sharing options...
scentsme Posted December 9, 2006 Share Posted December 9, 2006 Oh, Candleman you need to post a picture of your baskets for us. I would love to see one. They sound beautiful..Yes, Candleman, I would love to see it too! Quote Link to comment Share on other sites More sharing options...
heirloomoriginals Posted December 9, 2006 Share Posted December 9, 2006 I just did some gift sets up with tart warmers and two (1 oz each) packs of tarts. My cost was $14.45 and I am charging $12.95. Basically they are getting a free pack of tarts. I am also making a bath and body set up of a lotion, body wash, and lip balm and selling them for $10.95 (I think, can't remember without looking first). I took my price and then discounted 10%. I am just starting out this year, so hopefully they will sell at that price.Steph Quote Link to comment Share on other sites More sharing options...
Bonne Posted December 12, 2006 Share Posted December 12, 2006 I found some of his pics in an old post~ Gorgeous!!!!#9http://www.candletech.com/forums/showthread.php?t=10405 Quote Link to comment Share on other sites More sharing options...
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