What's your lowest price per 1K stitches you run?

minimalist

I've been running figures and time studies on my machines and turns out I'm getting taken to the cleaners by our customers. I hate to do this but it looks like I'll be upping the prices to account for this. I figure I can't do anything for less than $.040 per 1K. What's your limit?

vitordigitizing

I think SWF have a app for smart phone can help you get right price for embroidery.

LogoAdvantage

This answer (as you already know) depends on the size of equipment your running.

I am a small to mid size shop running 8 machines of different sizes.

I target niche markets that make good profits as well as customers that have small to mid size orders and that do not mind paying for higher quality work.
I am not and never want to be the cheapest guy in town. They never last !

The lowest I want to go right now is right where you are at .40 to .45 cents per 1000 but that price is reserved for larger orders. Orders that are around a few dozen pieces I would price at closer to 80 cents per 1000.

There are big shops that get all away down to less than half what I would charge. I am NOT interested in that side of the business! Its too cut throat and not very high profit margins.

I have never wanted to be but so large, I enjoy being Mid Size !

We are thinking about adding another machine on now (8 head) but I have no desire to ever get but so much larger.

Rick