On things that are more rely more on “perception” like signed trading cards of icons, figurines/statues or art. How do people price this. Like of course they’d have to cover their manufacturing costs and all that. But how much extra should they add? (Is it like a 10-25% markup?) Any advice or resources?
(Of course the market self regulates like those Hermes bags, but assuming your a company creating something limited. You could justify your price with time, scarcity and quality. But it’s still up to the consumers if they would buy. So how do you price it right?)
What happens if I got nothing to gauge it into, as I’m creating the first ever figurine for that series. While I could convey the fact that it’s limited, to promote exclusivity and the fact that it’s gonna look cool would I guess show it’s premium aspect. While I’ll add in the all expenses.
I feel like transparency nor customer feedback would ruin the mystique. My theory is that if you were to ask the customer, what would they want. They’d envision something or conjure out their “ideal” which you would most likely never replicate. Resulting into a partially dissatisfied customer, as for transparency I think you can state things like how much time you placed into it or the drafts as to how or why such elements are placed however someone (I’m forgetting who) once stated that people just want to buy. So adding transparency just clogs up the website design. What are your thoughts on this?
Overall I’m just scared to price too high