How Do I Price Individual Stainless Steel Pans for Customers?

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Discussion Overview

The thread discusses the challenges of pricing individual stainless steel pans for customers, particularly when those items are not available for purchase separately. Participants share their experiences and thoughts on how to approach pricing, customer satisfaction, and the implications of ordering products in sets.

Discussion Character

  • Exploratory
  • Opinion-based
  • Anecdotal

Main Points Raised

  • One participant mentions a customer wanting to order specific stainless steel pans but being deterred by the lack of individual availability, leading to a consideration of pricing options.
  • Another participant suggests dividing the total cost by the number of pieces to ensure fairness, while also raising concerns about commission and warranty issues.
  • Several users discuss the idea of placing the order under the consultant's name to manage potential warranty claims more easily.
  • One participant expresses frustration over the lack of open-stock saucepans and suggests using existing pricing structures as a reference for individual pricing.
  • Another participant proposes researching other brands to find comparable pricing for individual pieces.
  • Some participants mention the importance of securing payment from customers before placing the order to avoid financial loss.
  • One participant humorously suggests pricing based on the size of the pans, such as by inches or quarts, as a potential method for determining individual prices.

Areas of Agreement / Disagreement

Views differ on the best approach to pricing individual pans, with no clear consensus emerging on a specific method. Participants share various strategies and considerations without a unified agreement.

Contextual Notes

Participants are primarily consultants discussing personal experiences and challenges related to pricing Pampered Chef products for customers. The conversation reflects a range of opinions and strategies without definitive guidelines.

Who May Find This Useful

Consultants looking for insights on pricing strategies for individual cookware pieces may find the shared experiences and suggestions helpful.

pattidailey
Messages
32
So I have a customer who calls me and wants to order just the 8 & 4 qt SS pans. I told her they don't come indiv like that so she said she would just pay the extra and purchase another brand where she can get them in only the pieces she wanted so she didn't have to buy both sets. I mentioned having a show/catalog in Sept and she could get them 60% off but she was not interested. She always calls me when she needs something and money is not really an issue so I am trying to go out of my way to keep her happy. She is a great customer to have. So I found another gal who also wanted just a few SS pieces also. So now I am trying to figure out how in the world to price them all? I will have to order both sets the 5 & the 7 so each customer can choose the pans they need. Any idea on how I would go about pricing them out separately and figuring out what to charge them?? I really wish PC would atleast put the sauce pans in open stock. Has anyone else ran into this issue?? Thanks you guys in advance! :D
 
I'd just divide it up per piece to be fair but think about these things:1. You don't make commission on 60% off.
2. Are you going through work that each customer won't really appreciate.
3. What about the warranty issues? Lifetime warranty - whose name is it in.
 
Maybe put the order in your name (consultant as host) this way if there is ever an issue you can take care of product adjustment and not worry about whose name is on the receipt.

Definitely don't offer it to the customers as 60% because that is for the items listed as they are. It would not be fair to you or other guests to get 60% off something not listed.

Are you going to end up with extra peices - and will you be able to sell them to get your money back?

When dividing them up between the 2 customers how many peices will each one end up with? Remember the lids count as a piece.
 
Not to be a downer here, but good luck on here when people start telling you in no way should u do this, haha!!!:D

I would just divide them by the number of pieces and charge even for them based on the normal price per set. I guess you could add up the inches and sell them by the inch, haha!!!:D I do now know how to come up with each individual price for them. Is that listed anywhere at all? That would be nice to have.

And I would do a consultant hosted show. Be sure to NOT check to do an expense transaction on what you spend since you are not spending this for yourself.

I do not reckon commission would really matter on the 60% off since if you charge based on full price the difference would be your commission. I am assuming that of course.
 
  • Thread starter
  • #5
Yeah I think that is a good idea to put it all in my name and I was'nt going to offer it as the 60% off. Normally I probably wouldnt do something like this but like I said this gal buys what she wants and alot of it so I would like to keep her happy and ordering from me instead of another brand. She wants the 8 & 4qt SS. The other gal wanted the 3qt, 2 qt and 10 inch skillet. I was going to buy the rest and either keep it or try to sell it if anyone is interested. Might be good to put out at my next Open House or something. If I can find a way to divide it up by piece I could get a better idea of it this would be worth it too. What do you think?
 
pattidailey said:
Yeah I think that is a good idea to put it all in my name and I was'nt going to offer it as the 60% off. Normally I probably wouldnt do something like this but like I said this gal buys what she wants and alot of it so I would like to keep her happy and ordering from me instead of another brand. She wants the 8 & 4qt SS. The other gal wanted the 3qt, 2 qt and 10 inch skillet. I was going to buy the rest and either keep it or try to sell it if anyone is interested. Might be good to put out at my next Open House or something. If I can find a way to divide it up by piece I could get a better idea of it this would be worth it too. What do you think?

Is there a way you could base the value on one of the panorama points charts? That's the only way I can think of to divided it up by each individual piece.

Another thought, I would get their money BEFORE you plabe the order. Although, they are great customers things can happen and you do not want to be left with all that cookware to have to return and wait for a refund.
 
can you buy open stock pieces in other brands? I thought most brands are in sets as well.

If the 1.5 qt. covered saucepan costs us $55 and we get things on the supply order at 1/2 off, then does that mean you can charge $110 for that item? And if the 10in. covered skillet is $135 as an open stock price, you would probaby charge a little less since usually you get savings when you buy things as a group. So that leaves you the 8 qt., 3 qt. and 1 lid to price out. Am I correct in my thinking? I'm not sure if this is very helpful...sorry.
 
babywings76 said:
can you buy open stock pieces in other brands? I thought most brands are in sets as well.

If the 1.5 qt. covered saucepan costs us $55 and we get things on the supply order at 1/2 off, then does that mean you can charge $110 for that item? And if the 10in. covered skillet is $135 as an open stock price, you would probaby charge a little less since usually you get savings when you buy things as a group. So that leaves you the 8 qt., 3 qt. and 1 lid to price out. Am I correct in my thinking? I'm not sure if this is very helpful...sorry.

I am not for sure but I think things on the supply form are "discounted" but not at half off. But I do not know that for sure. I think it is more like they are discounted about the same or a little more than our regular discount is. But I could be wrong. Someone please correct me if I am.
 
jrstephens said:
I am not for sure but I think things on the supply form are "discounted" but not at half off. But I do not know that for sure. I think it is more like they are discounted about the same or a little more than our regular discount is. But I could be wrong. Someone please correct me if I am.

Oh, yeah, you're right. I just looked at the supply order and it has the stainless 8 in saute pan at $32, and in the catalog it's $48. So it's a discount, but not 50%. I was thinking of the samples that we get at 1/2 off.
 
The lack of open-stock saucepans is my BIGGEST FRUSTRATION with PC. When I got the 7-pc set I was so happy with it b/c it included mostly pots and pans. I went out of my way to use the skillet just to see if I liked it.Keep in mind that the stockpot lid fits on the skillet in that set.I'd use the non-stick as a guide on prices ... or maybe double the prices on the supply order ... or let the ladies work it out among themselves. Since you earn no commission on the deal, maybe get them to split the cost evenly.
 
  • Thread starter
  • #11
Yeah, I dunno now. I wonder if I go online and take a look at a few other brands and see if I can find something close and try to get a better idea that way. Thanks you guys for all your help and suggestions. I really wish we had more open stock or atleast somekind of guide line to go by other than the sets. I will have to do a little research on this. Thanks again for your help! :)
 
As crazy as it sounds, Jennifer's idea of adding up the inches, or better yet, quarts, is probably going to give you the most accurate apportionment of the different pieces.
 

Frequently Asked Questions

How do I determine the base price for individual stainless steel pans?

To determine the base price for individual stainless steel pans, start by considering the wholesale cost you pay for the pans from Pampered Chef. Add any additional costs such as shipping, taxes, and handling fees. This will give you a solid foundation for setting your price.

Should I include a markup on the stainless steel pans?

Yes, including a markup is essential for ensuring you cover your costs and make a profit. A common practice is to apply a markup of 30-50% over your total costs, but you can adjust this based on market demand and competition.

How do I assess the market price for similar stainless steel pans?

Research competitors and similar products in the market to assess their pricing. Check online retailers, local kitchenware stores, and other direct sales representatives. This will help you understand the price range customers are willing to pay for stainless steel pans.

What factors should I consider when pricing for my target customers?

Consider factors such as your target demographic, their purchasing power, and their preferences for quality and brand reputation. Additionally, think about any promotions or discounts you might offer to encourage sales while still maintaining profitability.

How can I justify my pricing to customers?

Justify your pricing by highlighting the quality, durability, and unique features of the stainless steel pans. Emphasize the benefits of using Pampered Chef products, such as their warranty, customer service, and the value of investing in high-quality kitchenware that lasts.

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