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With or without a 99?

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  • With or without a 99?

    I have always priced my crafts with a 99p on the end, but as I have been listing on Folksy I have noticed that not many others do.

    In your opinion, which would you say customers prefer? Does it make a difference?
    Katian Mosaics

    ♥ My Ebay Listings ♥

    My Facebook Page

  • #2
    To be honest I don't think the 99p makes a difference, I know I always hate the 1p change and normally put these in a charity box. also when buying anything that says £23.99 I automatically think £24.00

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    • #3
      We only do 50p's or £'s on the stall - can't do with all that change!
      Auntynet

      Step-daughter's website selling hand dyed sock yarns www.knotanotherknitter.com




      ~ * ~ * ~ Of all the things I've ever lost, I miss my mind the most! ~ * ~ * ~

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      • #4
        I agree with the others, the 99p annoys me and always think of £1 as opposed to 99p.

        As a stallholder I used to do the 99p at the end, but soon learnt it was a pain in the backside when I kepgt running out of pennies.
        Take care

        Kathryn
        Website - http://www.lazydaisyglass.co.uk
        Blog - http://www.lazydaisyglass.blogspot.com
        Folksy http://www.folksy.com/shops/lazydaisyglass
        Etsy - http://www.etsy.com/shop.php?user_id=6370100
        Facebook - http://www.facebook.com/album.php?ai...ss/55255965842

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        • #5
          Absolutely - round figures are so much easier when running a stall. Otherwise you would have to carry all sorts of change.
          Cynthia
          http://iforjonesdesigns.website.orange.co.uk

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          • #6
            I always price things with an odd 50p or just pounds. It really helps with adding up and giving change.

            Melanie

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            • #7
              Thanks everyone - round pound it is then!!!
              Katian Mosaics

              ♥ My Ebay Listings ♥

              My Facebook Page

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              • #8
                Lol, well now I know your not talking about an ice cream and a flake, I agree with the others!
                Gail x

                My Blog: http://gailburtonart.blogspot.com/

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                • #9
                  Yes!

                  Originally posted by onlyme View Post
                  Lol, well now I know your not talking about an ice cream and a flake, I agree with the others!
                  Hee hee - that was the idea behind the title - wondered if anyone would spot it! 1st prize to OnlyMe!!!
                  Katian Mosaics

                  ♥ My Ebay Listings ♥

                  My Facebook Page

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                  • #10
                    Quite a lot of my floating necklaces are £4.95, I just think that it sounds better than a fiver! Most of my customers tell me to keep the change anyway so they are obviously prepared to pay that price! I guess that I should change it really but I re-use all my price tickets and there is a credit crunch!! Selina

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                    • #11
                      I thought it was going to be about ice-cream too - who says I'm always thinking of my stomach!

                      I'm sticking with pounds & 50ps, just makes it simpler and easier on the old brain at fairs to add it up (maths not being my strongest point!)
                      "Human beings, who are almost remarkable in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so" - Douglas Adams


                      Website: www.janscardsandcrafts.co.uk
                      Blog: http://janscardscraftsandmusings.blogspot.com/
                      Twitter: http://twitter.com/JanJackman
                      Facebook page: http://www.facebook.com/profile.php?...6759167?ref=nf

                      Independent Stampin' Up! Demonstrator

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                      • #12
                        Originally posted by Selina View Post
                        Quite a lot of my floating necklaces are £4.95, I just think that it sounds better than a fiver! Most of my customers tell me to keep the change anyway so they are obviously prepared to pay that price! I guess that I should change it really but I re-use all my price tickets and there is a credit crunch!! Selina
                        And auntynet calls me tight


                        I am really just like to see someone else is

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                        • #13
                          There is research evidence somewhere that shows that if you price a product ending in 95p you can sell 4-5 times as many products than those priced at a nice round pound - worth sleeping on

                          That said they probably didn't take out the research whilst at a craft stall or car boot sale. The most painful thing is that I actually KNOW this statistic and yet have priced many of my own products in nice round pounds <slaps own forehead>

                          Regards
                          James.
                          Doing nothing is harder than it looks!
                          Free Classifieds

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                          • #14
                            grrr... can't find the '95p report' right now but I did find this article about 99p which states a figure of 15% increase in sales which isn't exactly the same as 400% that I read about the 95p tag, but more sales nevertheless.

                            On £2000/sales it would be an extra £300 if you use 99p 1.99 2.99 etc if you go by these figures.

                            http://news.bbc.co.uk/1/hi/magazine/7522426.stm

                            regards
                            James.
                            Last edited by GEM; 23-11-2008, 03:15 AM. Reason: typo
                            Doing nothing is harder than it looks!
                            Free Classifieds

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                            • #15
                              Fram what I remember, the 99p was only used in order to make sure the shop assistant put the transaction and the money through the till, as they had to get the 1p change for the customer. This way it was harder for them to just stick the £10 (for example) in their pockets.

                              I also remember reading somewhere, that shops like Woolies, WH Smiffs etc use 98p as a way of identifying the age of stock, so last years stock that they are gettting rid of will be priced at something.98 whereas the new items are priced at something.99, again to make sure that the assistant puts the money in the till.

                              And somewhere else, and I can't for the life of me remember where that was either, there are a lot of people who think that penny less makes the item cheaper, most of us round it up so £22.99 becomes £23, but for a lot of people, £22.99 sounds a lot cheaper than £23 (must be a big penny lol)

                              I just price everything at either a full £ or 50p, then I don't need to get much change for craft fairs (especially seeing as banks seem to not want to give change these days!)
                              www.jos-beaded-designs.com

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