Knife prices

B

Bear_Blade

Joined
Jun 9, 2009
Messages
91
I was wondering how other custom knifemakers decide where to price their knives to be fair to customers and themselves. This is where I strugle. As a knifemaker, where to draw the line between time and materials invested, and what is a fair price for me and a client. Any one care to explain how you rate a "custom" price?:confused:
 
You can't really judge your prices solely on time and materials, unless you sell every knife for the price you're after. I don't think you have to concentrate as much on not getting over on your customers, you price according to what you believe people will pay. If you're overpriced your knives probably won't sell, of course, underpriced knives will also sometimes not sell.
 
There have been a couple of decent threads on this lately. Might try a google search using "knife pricing site:www.bladeforums.com" My version is this: it's worth what someone will pay for it. Put it out there for sale, and if it sells, the price was right. If it doesn't, lower the price. Use your successes and failures in selling to set the prices for future product. I generally quote orders at a higher price than I'd sell the same knife for if I just made it to make it. I think it was Ed Caffrey who said this next piece: "make half as many knives and sell them for twice as much, and you break even."
 
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