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Partner is to greedy (alien.top)

submitted 11 months ago by shatt3rst0rm@alien.top to c/entrepreneur@indiehackers.space

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So im just trying to vent as im frustrated. My buisiness partner (also my wife) like to charge as much as humanly possible, to much i think. We started selling one product where she would always want to way over charge and it was a constant fight as i believed we charged fairly. Now we are selling a speciallty coffee, hand made components and all that. We originally charged $4 for 1 pot of premeasured coffee mix and she started telling our sales potential it was $5. Ok so i was fine. Now she was playing with our e-commerce pages and charged $7 per pot and she said thats fine. Im frustrated because she has this attitude of overcharging because she wants all the money, not trying to get brand recognition first then slowly raising or even be happy making what we are making. Im frustrated because no matter what buisiness we try doing she wants to charge double the top dollar because she wants all the money and it leads to arguing

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[–] TheRealBobbyJones@alien.top 1 points 11 months ago

One thing I learned working sales at an auto shop was to never use your own financial sense to dictate what a fair price is. When you do that you assume that your customers have the same financial sense that you do. But often they do not. There are times when I thought I was going to bring a quote to a customer that was too much and I would preemptively try to lower the quote by questioning the mechanics and not charging for certain work. But that is stupid. Mainly because for all I knew the customer would have been perfectly fine to pay the original quote. A lot of them were. The best way to determine what a fair price is is to raise the price until your business starts to stall. That's when you know you are charging too much. Either way another thing you need to keep in mind is that doing business is expensive and often doesn't pay well. Even if $7 is a bit outrageous to you it may be what is necessary to maintain/obtain the lifestyle your wife wants.