Price Transparency: Flowers Part II
June 5, 2012
Thank you so much for your feedback yesterday! However, I neglected to acknowledge in my post yesterday that of course pricing varies wildly from city to city, state to state, and country to country. A few of you commented about that, and it’s a good point.
As promised, here is a detailed breakdown of how I price a low centerpiece with a floral pedestal.
- Glass Vase: $20
- 20 South American Hydrangeas: $40 ($2 Each)
- 50 Jade Roses: $42.50 ($0.85 Each)
- 2 Bunches of Dusty Miller Leaves: $30 ($15 Per Bunch)
- Labor Including Arranging, Cleaning and Nurturing Flowers: $90 (1 Person, 3 Hours, $30 an Hour)
- Green Cymbidium Orchid Stems: $125 ($25 Each)
- 12″x12″ 3″ Styrofoam Square: $10
- Straight Pins with Pearl End: $10
- Labor: $60 (1 Person, 2 Hours, $30 an Hour)
Total Cost to Me: $427.50
Price of Centerpiece (100% markup): $855
So, all of you who chose Answer D yesterday were right!
Please note that the $427.50 profit that you’re making off of this centerpiece goes toward rent, insurance etc… There are a lot of expenses that go into running a business, and I’ve found that this is the cleanest way to charge.
Tomorrow, I’ll share the cost of my tall centerpieces.
Dear Readers, are you comfortable with a 100% markup? If you have any questions, don’t hesitate to ask in the comments below.