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Quick rant, price increases!
so i am officially back at work today and opening the mail just now. Price increases here and there, a great start to the new year, not! 🤨
i have been adding something here and there but i think i need to restructure how i am doing this.
has everyone actually started applying extra costs “properly” to their jobs?
are any of you getting customers noticing or complaining about your costs increasing?thanks
Jeff -
21 Replies
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Yeah, we’ve tickled prices up. Had one customer only complain… so carefully pointed out they are in same position.. as the menu board we printed was price increases! lol
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🤣 great reply. i would love to have seen their face.
i have been increasing my prices but i don’t have a structure set in stone. maybe i should have by now but it has been dependent on the customer and what they are spending which has dictated how much i add on.
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Everything has gone up, in addition to materials, we’ve put our prices up. We did substantially after covid actually.
We dont have price lists and price job by job, look at some of “trade” suppliers are charging, I’ve seen people who believed they weren’t cheap selling below “trade” to end users.
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We’ve had to put a lot of our prices up, but try to keep the increases low as we can. It’s quite shocking how much some of the material has gone up, and how often the increases happen.
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I think the worst for it with regards to vinyl, is Avery.
In the past, 3M was always frowned upon for their price tags, but Avery has been edging into their position since Brexit!Do not get me wrong, great products should be priced accordingly. But I think Avery began their piss-take pricing as soon as the excuse of Brexit started.
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I’ve found the opposite, we’re paying a little bit more for Avery compared to Oracal 970.
The Avery is much easier and quicker to work with, and I’m swaying to Avery.
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Are you sure? I wonder if you’re paying too much for oracle? from memory I get oracal around £7 a mtr cheaper than avery supreme (black / white).
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@DavidHammond
Really? This week alone i have just had an 8% increase on all Avery products.
And I remember them being the first to begin their trend when Brexit was looming.
Just before Covid I was comparing Oracal, 3M, Avery and Arlon across a few suppliers and foundAvery – Most expensive
3M – following close
a slight gap, then…
Arlon
Oracal being the most competative.During 2022 i didnt really focus on the prices of wrap, i just saw it become much more scarce with regards to Cast films, and in some cases i a slight change in quality of some cast films. I put that down to “perhaps” due to shortages, different suppliers of face film “maybe” being used to get by, but thats just my personal thoughts. But i certainly saw noticable changes in the quality.
All that said, Janauray normally sees increases! 🤨
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To be fair I’ve just ordered some vinyl for a couple of jobs, and my I’ve had to double check my prices!
I had in my mind were paying ~£4 a meter for a material, it’s now pennies of £5. I’ve just updated clarity with our pricing.
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ah, I thought we were talking wrap films!
Yes, avery and oracal cad films are similar pricing. I prefer oracal 551 to the equivelant avery though!
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We were talking wrap films… although I’ve just noticed the prices on our more regular media has crept up by a noticable amount.
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we have put our prices up but the problem is how often they go up! it is one thing trying to tell a customer the prices have gone up, but try telling them that for the third time, when his three vans he has had done in the past 10 months, all the same size, are different prices. 😬🤣
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Unfortunately, that is the problem, Mark. It is one thing to have to pay more for your supplies, but for them to continually go up on the volley., makes it difficult for us to keep adjusting the prices for our customers.
I know of companies that are basically moving from decent materials to buying budget alternatives and selling at their normal prices. personally, I think that is a slippery slope move for your company to make. 🤨
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I do think some profiteering is going on by suppliers, eg: blanket price increase, and see who complains.
As..
I complained and straight away get a £30 per 50m roll reduction.
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I have often thought this as well….
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good point colin. i wonder how many are chancing it, and doing the same. 🤨
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I have a friend that told me a very similar story only yesterday. (not in the sign industry)
This would be so wrong on many levels. Everyone is struggling and prices that are possibly being manipulated. 🧐 -
Interesting conversation yesterday with a director at one of the major suppliers in UK – Shipping costs are falling and nearly back to PreCovid levels.
So, when will this filter through to consumers?
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I spoke with a good customer I have about pricing. They are a wholesale tyre supplier and they have constantly been complaining to me about shortages of stock, costs etc. However, he told me that as much as the tyre costs are still not reducing by much, the “shipping” charges are “dropping considerably”.
From memory, a “container shipping cost” was something like £4000 and had gone up to £18000 per container. that didn’t include the extra costs of the products within the container.
He said “they have” already begun adjusting and lowering the prices of the tyres they sell, but said that due to the amount of stock that they carry and how far in advance they must buy it. That it will be at least 6 months before they can off-sell the tyres they bought at a higher cost to them, and properly bring the prices back to where they were. This is totally understandable but interesting that they have already begun lowering their prices.
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I’m getting to the stage of having enough.
People ask me how much this is and I’m honesty saying I don’t know anymore. I used to be able to roll off how much things cost without even looking.
I’ve just lost out on a full wrap this morning because we are £1000 apart, Maybe I am a little high, maybe they are a little low but £1000 is a big difference, I have never lost a deal being that far apart.
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I wouldn’t worry on the wrap loss, we’re on the higher end for wraps, starting around £2k+vat for even a small car colour change. I’m not interested in doing it for less as I just know it’ll be a ballache the minute you try and cut any cost / corner / etc.
Fair price for a skilled job, if they want to take a chance with a new guy doing it for likes, then good luck to them!
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