"In other words you have three options:
- Design something quickly and to a high standard, but then it will not be cheap.
- Design something quickly and cheaply, but it will not be of high quality.
- Design something with high quality and cheaply, but it will take a long time." Wikipedia
I have just put my prices up on my Baby Shoes. Whilst it pains me to think that I am competing with Chinese imports, the reality is that if I do compete with them on price, then Konstant Kaos will not be around for very much longer! I notice so many business go down the path of getting things made in China and I would prefer not to do that ... so I have to find a happy medium between charging a price that people will accept as affordable and I also have to cover my costs so that I can sew another day!
1 comment:
I like your triangle - when I did my business mentoring they had a similar one: you can provide a good product, service or price but not all three, only a maximum of two so best to choose which ones you like best.
With my business I've gone for product and service as I can't compete much on price either.
Post a Comment