AJPratt
Silver Member
- 6,674
How do I set prices for a cash & carry booth on Saturday?
Click For Summary
Discussion Overview
This thread discusses various approaches to pricing items for a cash and carry booth, with participants sharing their personal experiences and strategies for setting prices and managing sales at events.
Discussion Character
- Anecdotal
- Opinion-based
Main Points Raised
- One participant, identifying as a consultant, mentions planning to price items at catalog price for new items and considering 50% off for others, depending on their condition.
- Another participant shares their experience of pricing new items at 20% off and used items at 50% off.
- One consultant discusses pricing pantry items at catalog price plus tax, rounded to the nearest dollar, and mentions strategies for dealing with small change.
- Another participant highlights the effectiveness of a "bargain bin" priced at $5 and under to attract customers and stimulate conversation.
- Several users note that their primary goal for participating in booths is to generate shows and recruit, rather than focusing solely on cash and carry sales.
- One participant expresses uncertainty about cash and carry but acknowledges the request from the event organizer to have items available.
Areas of Agreement / Disagreement
Views differ on pricing strategies, with some participants favoring discounts while others prefer catalog pricing. There is no clear consensus on the best approach to pricing for cash and carry booths.
Contextual Notes
Participants share a range of experiences, from those who regularly engage in cash and carry to those who are new to the concept, reflecting varying levels of comfort and strategy in pricing and selling items.
Who May Find This Useful
This discussion may be useful for Pampered Chef consultants looking for insights on pricing strategies and experiences related to cash and carry booths.
ShellBeach
- 1,260
aaack. My post just got lost.I'm doing a booth on Oct 3rd and taking a bunch of stuff I need to get rid of. I'm going to put prices on everything so I don't have to look prices up in catalogs that day. I'm not sure yet about mentioning "make me an offer" - that will depend on reactions.Some of it is current, new in package and I am going to ask the catalog price. If they want the PC guarantee, they're going to have to place an order.A lot of other items are things that I never really used, but they are out of the package.
Some are current and some are retired. I think I will start at 50% off catalog price. What do you think? There are some pink HWC and I think that might go for more.Also, I think I need to take a lot of ones$ for change.
Some are current and some are retired. I think I will start at 50% off catalog price. What do you think? There are some pink HWC and I think that might go for more.Also, I think I need to take a lot of ones$ for change.
chefann
Gold Member
- 22,050
Anne, when I price things for cash and carry (and my C&C stash is mostly pantry items or small things that people aren't likely to bother exercising the guarantee), I price them at catalog price plus tax (if taxable), rounded to the closest dollar. SBRCs are $1, Mini Serving Spatulas are $5, etc. Sometimes, if the price works out to a 50¢ amount, I use that, although those are the things that I'll then try to sell in pairs or give the customer a deal and knock off the change, just because it's a pain to deal with change.
wadesgirl
Gold Member
- 11,383
AJPratt
Silver Member
- 6,674
AJPratt
Silver Member
- 6,674
ShellBeach
- 1,260
That's great you got some shows from it. I am hoping to get a catalog show for myself and get rid of a lot of old PC stuff I never use.
edit- I've never really done a cash & carry show before, except for having a few door prize items. I am staying up late tonight to put price tags on everything!
edit- I've never really done a cash & carry show before, except for having a few door prize items. I am staying up late tonight to put price tags on everything!
Frequently Asked Questions
How do I determine the prices for my Pampered Chef products at a cash & carry booth?
To set prices for your Pampered Chef products, start by considering the retail prices listed in the current catalog. You can offer a slight discount to encourage sales, but ensure that your prices still cover your costs and provide a profit margin. Additionally, consider local market conditions and what similar products are priced at in your area.
Should I include tax in my prices for the cash & carry booth?
It's generally a good practice to include tax in your displayed prices to simplify the purchasing process for customers. This way, customers know exactly how much they will pay at checkout without any surprises. However, be sure to check your local regulations regarding sales tax and how it should be handled.
How can I make my prices more appealing at the booth?
To make your prices more appealing, consider offering bundle deals or discounts for multiple purchases. You can also create special promotions, such as "buy one, get one half off" or "free gift with a purchase over a certain amount." Clear signage and engaging displays can also help attract customers to your pricing.
What factors should I consider when pricing my products for a cash & carry event?
When pricing your products, consider factors such as your cost of goods, desired profit margin, local market prices, and the event's target audience. Additionally, think about the overall experience you want to provide; competitive pricing can enhance customer satisfaction and encourage repeat business.
Is it okay to negotiate prices with customers at a cash & carry booth?
While it's generally best to stick to your set prices, some flexibility can be beneficial. If a customer expresses interest but hesitates due to price, you might consider offering a small discount or a deal to close the sale. Just ensure that any negotiations align with your overall pricing strategy and profit goals.
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