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Annie M. Hall
- Female
- Knoxville, MD
- United States
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Annie M. Hall's Discussions
Pricing Dilema
Replied Jul. 19, 2009
Pricing Dilema
Replied Jun. 25, 2009
Pricing Dilema
Replied Jun. 10, 2009
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Annie,
A lot of information has been shared and your head must still be spinning. I'm not sure if I will add anything, but I"m going to try to summarize from the comments already made to help you, other future readers, and ME to keep a clear pictur…
Unfortunately, I'm not that young...51 ...so I can't think real long term. Heck..retirement is just around the corner! or not. :-)
Annie, Thanks for starting this great discussion. 2 heads are better than one when it comes to running a business and the more input and discussion you have the better. The plant business in general lives in the past in relation to pricing and we fo…
I thought about prcicing for some time:
Experiments with farmers markets showed me that people who are buying a few items are not concerned about price or if anything a higher price improves the salability.
E.g. I tried selling a 6' paper birch at…
Last night I was at a friends house. He was an engineer, spending most of his career in production optimization. He claims that there are large companies -- fortune 500 companies -- that do not know which divisions are profitable. Cost base accounti…
Annie, I occassionally have customers that ask for a "deal" as if they want some huge volume and it usually entails 2 plants instead of one! :) I used to go into great detail trying to explain that I could not stay in business with lower prices beca…
Certain costs have been easy to figure out..but others are not. I have 4000 plants; I spend about 7 hours a day on them 7 days a week from April through October. After that, I care for them when needed. We are in the process of expanding. We're addi…
There are alot of hidden costs, especially in growing. I'm not a grower, but soil, pots, labor, chemical, fertilizer, heating greenhouses, shadecloth, water, pumps, fans, turnover time...I'm glad I'm not a grower! As a Retailer, though, I start with…
Hello Annie,
What you are describing and asking for is the theory behind cost base accounting. To determine what to charge, you need to figure in the fixed and variable costs to produce one plant...it sounds crazy, but at the very least you can fig…
Annie,
Jerry Montgomery has some good advice, I may add that you should also include cost for depreciation, marketing, and development. In other words you someday will have to pay for new plastic or glass on your greenhouse, or water pipes may need…
for a quick and simple estimate of where yoiu should be, take the total number of plants that you prepare, the cost of the materials and your time. assess avalue to your time, say 40/hr.
add the all the costs together and divide that by the number…
One huge problem with figuring costs are that some of the variables are so variable. On my Poinsettia crop which is grown at my location between August 20th. to December 12th. every year the difference in propane prices and volume I use runs the who…
You have to establish a cost basis for all prodcution. The best starting point is to add up all of your costs including a salary for your work but excluding your cost of goods i. e. seeds, plants, pots, soil and labels. and then divide inot that num…
You're the new kid on the block. Charge 20% under what comparable quality is elsewhere.
An easy, not very accurate way to price your misc expenses, is to divide the total expenses by the total number of plants sold that year. That gives your cost o…
Hi, Very difficult to figure out cost. Our water plump just went out after 4 or 6 years, it took us over $900 to replace it. We have to spend money on drive way repair, thinning big trees, fill in more gravel, etc. One of our electrical carts needs…
Annie - You mention that you also have a farm. If you have use an outside accountant for taxes or managing the farms financial books or work with a bank for funding, they may be able to also help you with the tracking of costs associated with your g…
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- Horticulturist
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- Grasshopper Garden Escapes, Inc
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