From: Dave Jones (DAVERJ) [#16]
21 Apr 2007
To: joyce (JLADY) [#10] 21 Apr 2007
If you don't do them for free as a donation, at least fill in the invoice with $6 or $8 each and then show a discount on the invoice to get them down to the $1 each, but be sure to mark it as a one time discount/donation.
From: Stunt Engraver (DGL) [#17]
21 Apr 2007
To: Cody (BOBTNAILER) [#15] 21 Apr 2007
Cody,
Another true story. :-)
A local trophy store decided, since they can't compete with the internet low-ballers (ILB), they'd employ them to do a large order of awards.
The order was supposed to include engraving. Shortly before the order was due, ILB informed them that, due to equipment problems, they would only be able to supply the trophies.
Since the engraving was going to be super-cheap, the fact that engraving wouldn't be included, didn't knock much off the invoice amount.
In the long run, it was probably a blessing in disguise.
This particular branch of ILB has distinguished themselves as the all-time champions of the A&E industry misspelling bee contest. :-)
EDITED: 21 Apr 2007 by DGL
From: Cody (BOBTNAILER) [#18]
21 Apr 2007
To: Stunt Engraver (DGL) [#17] 21 Apr 2007
LOL
You know, I might have to check into using ILB for some of our local stuff....and just supply the engraving in-house.
Outsourcing stuff like that doesn't require much on our end, other than a little time in securing/placing the order.
The real upside is that it will bring folks into the shop that wouldn't ordinarily come in. Hmmmmm...have to give that some serious thought before the leagues get into full swing.
From: Stunt Engraver (DGL) [#19]
21 Apr 2007
To: Cody (BOBTNAILER) [#18] 21 Apr 2007
Cody,
I talked to the owner of the shop I mentioned yesterday. I have some work to deliver next week and I'll ask if the "If you can't beat 'em, hire 'em" approach worked out.
Could be the way to go, for the budget-conscious crowd, as long as you provide the marking of the plates.
From: PenMan [#20]
21 Apr 2007
To: joyce (JLADY) [#10] 22 Apr 2007
Everyone here knew you were right too. But, now you have to do them for $1 but be sure they know that it won't happen again.
From: geebeau [#21]
21 Apr 2007
To: joyce (JLADY) [#1] 22 Apr 2007
What would the charge per trophy have been complete? If you're selling a completed participation trophy for, let's say, $4.00, it might be kind of hard to justify charging a lot for just the plate.
However, as someone had said, it's not a take-out menu, and it IS a proven fact that the individual car parts are more expensive than the completed car itself, so I'm guessing that charging a goodly sum is not out of line.
This got me re-thinking MY pricing structure on plates for customers' trophies as well. There's a definite increase coming on my part.
Thanks, all, for opening my eyes as well.
Steve
From: UncleSteve [#22]
21 Apr 2007
To: geebeau [#21] 21 Apr 2007
Steve, I see this as a material vs labor situation.
To quote a commercial, "even a cave man can do it" when it comes to assembling the small trophies... and in just a minute or two for many of them (they come already assembled.. :B )
The time and charges are for setting the "type", proofreading, setting up the plate and engraving the plate. Haven't found a cave man that can do it yet, but I did meet a few members at the Atlantic City ARA show and..... well, that's another post. (devil)EDITED: 21 Apr 2007 by UNCLESTEVE
From: geebeau [#23]
21 Apr 2007
To: UncleSteve [#22] 21 Apr 2007
well put, "neighbor"..
(Actually, I had worked in Yonkers for 30 years, so more "neighbor" than now.
Steve
From: Gary (GLSHOE) [#24]
21 Apr 2007
To: UncleSteve [#22] 21 Apr 2007
Now I gotta go back to my therapist. :P
From: Doc (GREAT_ATLANTIC) [#25]
21 Apr 2007
To: Dave Jones (DAVERJ) [#16] 22 Apr 2007
quote:
If you don't do them for free as a donation, at least fill in the invoice with $6 or $8 each and then show a discount on the invoice to get them down to the $1 each, but be sure to mark it as a one time discount/donation.
Outstanding advice, Dave! I particularly like the "donation" angle. Let me take it one step further...if the organization is a 501C3, Joyce might actually be able to write off the difference as a charitable contribution. Not sure if this is possible tax-wise, but might be worth a check.EDITED: 21 Apr 2007 by GREAT_ATLANTIC
From: ACJ (LADYCUTTER) [#26]
24 Apr 2007
To: ALL
My first estimate for a memory wall of corian bricks was seriously underpriced and I chalked it up to learning expense. I asked my accountant if I could write it off the engraving as a donation and was told that I could not, unless I paid someone else to do it. Since I don't pay myself a salary it is not considered a true cost.
However, because of other factors I recently reworked the current invoice to show the difference between what I should have charged and what I am charging as a discount. The bottom line is the same, but it shows the customer why I am not giving a lower charge on the non-engraved blanks that they need for fill.
I think by listing it this way I can write it off as a discount expense. Still have to check on that with my accountant.
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