Pricing a Job 100 Ipads

[pee]

I've quoted to engrave 100 ipads with a name and number 1-100.

same name on all of them and a different number on each one 1-100.

 

What is a reasonable retail price for this type of job?

How long would you estimate this job would take?

 

thanks

[Gray]

What have you quoted?. What engraving machine do you have?

[pee]

don't want to say what i've quoted yet. i don't want my price to influence others pricing, i will let you know what i've quoted once there is a few replies.

got a is200.

[StevenB]

I would work out how long the job is going to take, multiply this by my hourly rate & hey presto, there's a starting point for how to determine your price.

 

For Example, let's say your hourly rate is £25 & you can do each one in 8 minutes.

7.5 engraved per hour, 13.3 hours later you're done.

£25 x 13.3 = £332.50.

 

n.b. This isn't my hourly rate, just an example of how I would price it.

And if my rate was £25 PH, I'm pretty sure I wouldn't charge as little as this.

[Michael]

I would probably work out pricing for 1 then just drop price to a flat rate of say £10 per Ipad.

Depending on who the customer is, big jobs like this may not pay that well as people will expect a volume discount and someone is always willing to do them for next to nothing! ( )

 

They should've bought the Ipads from Apple and got free engraving!!

[Gray]

I would work out how long the job is going to take, multiply this by my hourly rate & hey presto, there's a starting point for how to determine your price.

 

For Example, let's say your hourly rate is £25 & you can do each one in 8 minutes.

7.5 engraved per hour, 13.3 hours later you're done.

£25 x 13.3 = £332.50.

 

n.b. This isn't my hourly rate, just an example of how I would price it.

And if my rate was £25 PH, I'm pretty sure I wouldn't charge as little as this.

 

 

Now to me that works out at £3.32 which sounds a bit on the cheap side. I would have started out at £9.00 per item and opened for negotiation.

[Craig Gardner]

I've quoted to engrave 100 ipads with a name and number 1-100.

same name on all of them and a different number on each one 1-100.

 

What is a reasonable retail price for this type of job?

How long would you estimate this job would take?

 

thanks

 

that's a large order and for trade I would charge £150 plus vat and retail would be £250 inc vat but I would laser them and would take about 1.5 hours to engrave 100 as I would have the two lasers lasering away out of sync so as one stopped replace with new item just in time for the next one stopping and so on

 

craig

[StevenB]

if my rate was £25 PH, I'm pretty sure I wouldn't charge as little as this.

 

Now to me that works out at £3.32 which sounds a bit on the cheap side.

 

I agree

[Jay]

I'd quote it based on time aswell. Probably take between 1 to 2 hours maximum.

 

Personally i'd quote between £3.50 - £5 per ipad.

[k4mrc]

we had 16 to do for a school,

charged £160-00

did them on an is400, easy job but worth a tenner each

[pee]

wow, amazing to see how low some of you guys would charge.

 

my original quote was £8 each, but then price matched another quote at £5 each, customer also requested my insurance documents to which i refused so i beleive i have lost the job.

 

when engraving such items should we take into consideration potential f*** ups?

 

say when engraving 100 ipads you can have them engraved within 2-3 hours, does this mean you should do them at a highly discounted price or should you do them at a premium price for your experiance, investment in equipment and knowlegde?

[StevenB]

customer also requested my insurance documents to which i refused so i believe i have lost the job.

Why did you refuse? Surely this is a no cost way to secure the job?

 

when engraving such items should we take into consideration potential f*** ups?

Absolutely, we're only human, so this should certainly be factored into any pricing.

If you were to engrave the same details (for example) on a 2" disc of engravers aluminium as you would on the back of a £5000 Rolex, would you charge the same for each job?

I know I wouldn't, partly due to the risk involved, partly due to the perceived value of the job.

 

say when engraving 100 ipads you can have them engraved within 2-3 hours, does this mean you should do them at a highly discounted price or should you do them at a premium price for your experience, investment in equipment and knowledge?

 

I wouldn't do them cheaply just because you have invested in the capability to do them quickly & efficiently. This efficiency in completing the task is where your profit is. As you say, your knowledge & experience is also a valuable asset.

[Michael]

What difference would seeing the insurance docs make?

Surely none of us are insured to hold 100 Ipads anyway?

[StevenB]

I have a clause on my insurance policy, I think it's called 'Goods in Trust' that increases the cover level for a short period of time while I have high value items in the shop.

This is essential at the point of the year when the local golf clubs bring in all their annual trophies to be engraved.

I wouldn't like to calculate the replacement value of them all!

[hakeemz]

What difference would seeing the insurance docs make?

Surely none of us are insured to hold 100 Ipads anyway?

dont think you read your insurance details, quite standard cover is around a half a million to a million pound..even if an ipad was 1k each , a 100 of them will be only a 100k and trust me if you have insurance than you are covered

[Michael]

I could just picture the person on the end of the claims line.

 

"You had 100 Ipads destroyed in the fire, of course you did sir!!!!"

[Lee]

murphys law says one out of the hundred will go wrong! £10 each to cover the risk.

[StevenB]

dont think you read your insurance details, quite standard cover is around a half a million to a million pound.......trust me if you have insurance than you are covered

 

Now I'm certainly no expert in this field, but are you sure you're not confusing trade contents cover with public liability?

[hakeemz]

i think i was.. but still more than enough to cover you..