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  • An "average" pricing exercise?

     Graham Parsons updated 15 years, 2 months ago 10 Members · 17 Posts
  • Graham Parsons

    Member
    August 4, 2005 at 5:37 pm

    Greetings!

    I’m thinking of throwing up a private web page with a range of different example signs on it, where signmakers could input their pricing and view the “average” for each item. All input would be anonymous, and the running results might help people get a ‘feel’ for how their own pricing sits – perhaps I might take location into account as well.

    Is this a good idea – would it be of any use? I’d appreciate any comments or suggestions…

  • John Harding

    Member
    August 4, 2005 at 5:42 pm

    Initial thoughts are its a good idea in principal – will think it through some more 🙂

    John

  • Graham Parsons

    Member
    August 4, 2005 at 5:50 pm

    Thanks John,

    Thinking it through myself a little more, part of me says that one’s pricing should be based solely on your own situation regardless of what others might do – but at the same time, I think we all need to be aware of the marketplace, and in particular where we fall within it?

  • Phill Fenton

    Member
    August 4, 2005 at 6:05 pm

    I think this is a great idea – Do it. 😀

  • Keith Nilsen

    Member
    August 4, 2005 at 6:08 pm

    As has often been mentioned here, pricing seems to be the one factor in the industry that gets us confused!! Sometimes its difficult to put a true value on the skills we bring to the table.

    On another recent post someone outlined the fact that pricing has to cover not only materials and time, but also the very fact that we have spent the time, effort and money acquiring the skills we use daily.

    I guess therefore that the answer remains the same, namely price according to personal circumstances. I personally think nothing of leaping onto the phone or web to double-check my pricing (thanks John!) and find that is still my best way.

    I am definitely guilty of underestimating the VALUE of my work though, quite simply because I often think something that takes me two hours or so (like a van design and application) simply can’t be worth what I am asking!! Then I stop and think about it and realize that it is. After all, I am offering a brilliant, professional service and should be rewarded for it accordingly.

    To answer the question though, I would definitely visit a site that had a loose pricing structure per sign type or example, and I would also contribute to it regularly. Let us know what you do….

  • Dave Bruce

    Member
    August 4, 2005 at 9:07 pm

    Excellent idea, I had the same idea sometime back, as loads of newcomers come on here and ask about how much. I think you would need to show the spread of prices (lowest and highest) as well as average. Prices vary so much depending on location, and I was thinking of having area related prices just to show this variation. Average prices are quite dangerous since it depends on number of input, and if say all replies are from the south of England, us guys in Scotland would think we are undercharging.

    Hope this helps.

    Dave

  • Simon Kay

    Member
    August 4, 2005 at 10:30 pm

    Exchange rates in the various country’s would have to play a part too.

    Scoz

  • John Harding

    Member
    August 5, 2005 at 7:56 am

    Scoz – your right i’d have all prices based on the euro and maybe a currency converter on the web site for translating to GBP or whatever.

    As Keith sais its not the raw material and marrk up we struggle with its the x factor of Robs often mentioned perceived value by the client.

    I for one would use it as a resource and contribute regularly

    John

  • Paul Rollason

    Member
    August 5, 2005 at 8:10 am

    I think it is a great idea and offer any help I can give to the project.

    I also think it would be a useful resorce for educating the public to the real value of quality signage and materials.

    paul r

  • Peter Normington

    Member
    August 5, 2005 at 8:16 am

    No harm in trying it as an exercise, But as a business you should already have a good idea of what the local competition are charging. And you should also be pricing to suit your own circumstances.
    There is of course the honesty factor. How would you be able to verify any info published?
    Peter

  • Simon Kay

    Member
    August 5, 2005 at 10:36 am

    What’s a Euro?

    and Peter I reckon that most regular folk on here, in fact most folk who interact here would be fairly ‘honest’ 😉

    Scoz

  • Peter Normington

    Member
    August 5, 2005 at 12:07 pm

    Not doubting the integrity of any of the board members, but the web site would be not exclusive to uksb, Or would it?
    P

  • Graham Parsons

    Member
    August 5, 2005 at 2:16 pm

    Hi,

    Lots of interesting comments. I’m going to have a play around with some code this weekend, and will report back.

    Peter has a valid point about the ‘security’ aspect. I want to keep input of data anonymous so people wouldn’t feel they’re giving anything away, but at the same time we don’t want some idiot inputting ridiculous numbers and throwing the whole calculation off. So I’m thinking of simple registered log-in to gain input access, but no visible record of who inputs what with regards to the pricing. I think that viewing the ‘results’ should be unrestricted?

    Still lots of thinkin’ to do (Damn you brain :roll:)

    Graham

  • steve geary

    Member
    August 5, 2005 at 3:03 pm

    would be Benificial to me.
    I’d pay a subscription fee for it…..

    I joined this forum a few weeks ago, and A “shout out” to you guys – The BEST Money I’ve ever spent!!

  • Iain Gordon

    Member
    August 5, 2005 at 5:29 pm

    My only concern would be if Joe Public saw the final results…We would all know that the prices would be a guideline but old JP would see it as a definate.

    Good Idea tho’ and well worth investigating

    iain

  • Keith Nilsen

    Member
    August 5, 2005 at 6:49 pm

    Just my two pence worth…

    I would personally prefer this type of thing to be available within a secure industry-led forum, much the same as this site. I don’t think that it should be a forum that would garner any benefit by being available to Joe Public.

    As pointed out already, it would only give ammunition to the client, a lot of whom don’t care for, or indeed understand the basis of costings in the first place.

    Far better to keep it among those in the industry supplying the service, who are simply trying to gain an improved, more rounded idea of a fair price for a fair product.

  • Graham Parsons

    Member
    August 5, 2005 at 9:21 pm

    Yes, I agree. Access by log-in only, then.

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