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How do YOU mark up oversize/cut-to-size plexi??

LeMieuxGalleries

CGF, Certified Grumble Framer
Curious how others mark up some of the larger sized plexi available. We do a decent amount of the 60"x70" range of framing and usually get that plexi cut to size. The regular stuff is not that expensive but we are about to do two orders for the Optium Museum plexi and that beautiful stuff is the price of a used car. Anyone willing to share what type of mark up they do with it?? I can't see even doubling it! o_O
 
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Joe B

SGF, Supreme Grumble Framer

PghFrmr

Grumbler in Training
Lost the trail of this thread but if I’m in the right place I would like to say that you should, at least double your cost in case something unfortunate should happen during assembly and you have to replace the acrylic.
 

Joe B

SGF, Supreme Grumble Framer
Lost the trail of this thread but if I’m in the right place I would like to say that you should, at least double your cost in case something unfortunate should happen during assembly and you have to replace the acrylic.
Since this is an open forum we usually DO NOT discuss mark-ups. We can discuss final pricing because they do not disclose our cost or what we have to charge to make a profit. Most customers, some that do follow the Grumble, think we charge to much and us talking about mark-ups without talking about our cost of doing business can, waste, and other expenses can, in their minds, reinforce those thoughts.
 

Larry Peterson

PFG, Picture Framing God
I'm confused. The Picture Framing Business Issues used to be closed to the general public and we could discuss pricing issues here. I see that there is now a private members only area below the business issues area.

When did this happen? Was I taking a Senior's nap and missed it? And why? I see that this area is seldom used. Why not have the Business Issues be private like it was before?
 

Joe B

SGF, Supreme Grumble Framer
When did this happen? Was I taking a Senior's nap and missed it? And why? I see that this area is seldom used. Why not have the Business Issues be private like it was before?
All the way back to May 18, 2013. Go on into the area and look at the Administrator's first tread - it is explained in it about how it should be used.

With that said we haven't really talked about "framer's/frame shop's sensitive issues in the open forums. I have been chewed out for discussing mark-ups on the open forum so any issue that doesn't apply to the public I take into that area.

I cannot remember The Picture Framing Business section ever being closed to the general public, I can only remember it as being an open forum. You have been around here a lot longer than me so I'm sure you would probably know.
 
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shayla

WOW Framer
I'm confused. The Picture Framing Business Issues used to be closed to the general public and we could discuss pricing issues here. I see that there is now a private members only area below the business issues area.

When did this happen? Was I taking a Senior's nap and missed it? And why? I see that this area is seldom used. Why not have the Business Issues be private like it was before?
Yes, the private section has been there for years. It's slow, but comes in handy, as it doesn't show up in public searches. (Those wishing to discuss truly sensitive matters might still consider that anyone who registers can view the private section, so discretion is wise.) Can we call you Rip Van Twinkle?
 

Larry Peterson

PFG, Picture Framing God
Guess I've been asleep at the wheel for a while.
 

LeMieuxGalleries

CGF, Certified Grumble Framer
GUYS this IS the area described as "Private Members only" AND says it's the place to discuss pricing.....I do not understand where else I'm supposed to go with this question...Admin??
 

Bob Carter

SPFG, Supreme Picture Framing God
may I suggest a typical biz practice found in virtually every other industry is to determine local market pricing, review your costs to ensure profitability and then set your prices to reflect your shop's position in your market. If consumers agree then you have the right mark up

at least that's how it is done pretty much everywhere else

Pricing is a blend of marketing and accounting; about 70/30 in my opinion
 

John Ranes II CPF GCF

SGF, Supreme Grumble Framer
Lost the trail of this thread but if I’m in the right place I would like to say that you should, at least double your cost in case something unfortunate should happen during assembly and you have to replace the acrylic.
I would concur with this theory. We sell a great deal of other items in our business, home decor, gifts and Christmas collectibles. Seldom can we afford to operate with a mark-up less than 2.0x unless it is an item that is moderately priced and has a distinct volume of sales with low incidence of flaws or damage.

In the case of a premium acrylic product, you have the cost but typically not the volume and often can run into flaws and issues in fitting, transport, etc. Therefore PghFrmr's comment about doubling costs meets my criteria as well.

John
 
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