Showing posts with label costs. Show all posts
Showing posts with label costs. Show all posts

Monday, 13 December 2010

Faux furs

Finding ways of lowering prices is an ongoing project in my shop. Whilst I don't always get the actual items right (looking back, for example, I seem to have gone through a phase of undue appreciation for the smooth, shiny look of lamination), the biggest problem I have is with price. Bear collectors are a different kettle of fish, but in terms of the general public it often seems that people do like my bears - but certainly not at that price!

Part of this is due to the fact that they're hand-made and so take longer to make - although I'm sure I could be quicker about it if I really thought industrial.

With the teddy bears though, the most significant factor in the pricing is probably the cost of the materials. Mohair costs between £25 and £125 per metre - and occasionally more than that. I have only once ever calculated the cost of making a bear properly. I was making a big, 19" bear - for which I usually charge £250. Calculating the time it took at minimum wage rates, then adding the cost of the materials, it came to almost exactly £250.

I don't sell a lot of big bears though, and with smaller bears - although the materials cost less - the time it takes to make them doesn't decrease proportionally. I'm reluctant to work out the costs exactly (and burst my own bubble), but I have a sneaking suspicion that smaller bears pay far less than minimum wage.

Anyway, all this is not by way of complaint (it's a lovely job - such as it is); I'm just trying to figure out how to make it work.

I read something a while ago about bear-makers using faux fur. In my [limited] experience, faux fur often comes on a knitted backing - which makes it far too stretchy for bear-making - and tends to shed like crazy. However, this - so I'm told - is a mistaken impression. You do apparently get very high quality faux furs, with a woven backing. In fact, faux fur can sometimes be more expensive than mohair (gulp!). You can get good quality faux fur for considerably lower prices too though.

I am of two minds about it. On the one hand, anything that lowers prices must be a good thing; on the other, going synthetic seems to be just one more nail in the coffin of good quality, hand-made, sustainable, eco-friendly teddy bears - the making of which has always seemed to have something old-fashioned about it, to me.

Another problem with lowering prices in this way is related to my 'not suitable for children' policy. As I have discovered, I can't make teddy bears for children because the costs of having them safety tested are astronomical. With the teddy bears I do sell, I am required by law to make it absolutely clear that they are not for children - and a sign/label to that effect is not necessarily sufficient. Apparently, even if they have such a label, if they look like they were intended to appeal to children, it may be considered that you are selling them as toys.

Given this, one of the factors which I think makes it clear that my bears are not toys, is the price. A teddy bear priced at £250 appears more as a collectible than as a toy.

If I make the bears in faux fur - and thus, reduce costs considerably - the price tag will be less of a deterrent to people looking to buy a teddy bear for a small child.

Perhaps I am being too pessimistic - or too optimistic about the degree to which the use of faux fur will cut costs. A 19" bear made in faux fur might cost considerably less than his mohair equivalent - but the price may still be between £100 and £150, which is still expensive for a toy.

Another difficulty (I am indeed being pessimistic) is how I would explain the difference between the price of a mohair bear and that of a synthetic bear, where they were of similar size. I do explain everything in great detail on the label, but people don't always read these.

I could put the faux fur bears altogether under a big sign saying 'cheap synthetic bears', I suppose! That's really mean - but it illustrates the problem exactly: how to point out the reason for the price differential without making the faux fur bears sound 'cheap and nasty'.

Maybe I could be a lot more subtle about it. (Subtle - moi?) Maybe it's not necessary to say anything relating the price to the fabric. If I were to make the faux fur bears slightly different from the mohair bears - in some aspect other than the fabric - then I could market them as a new and distinct range. Customers may then accept the idea of a less costly range of bears without the necessity for insulting signs/labels.

Okay, I have talked myself into it. Thanks for listening(!) I will order some faux fur swatches, and take it from there.