can any one tell me how to persuade customers to accept our prices which are a little bit high?

Question

we are a manufacturer dealing with leather goods

Answer 1

there are two ways of looking at a price one is face value and another is actual/hidden value if u r able to corelate hidden values to face value then it is easy to convince the coustomer hidden values are the benifits what client is going to get by buying ur product if u can impress upon them that hidden beinfits are more apart from direct benifits then cost dose not matter for example paint u use to coat the structure if it is just for coating as a coat price will matter if it can give additional benifits like crack/ u v /algeae/fungal/ resistance and antistatic then if face value is more also dosent matter. it depends on what u r comparing with for example if u r comparing acrylic based to pu or epoxy then face value and hidden values will totally be different even if it is from same family like epoxy or pu to pu or epoxy it depends of percentage of content in it reach right person and impress upon the features so that face value dosent become a hindrence.

Answer 2

Why are your prices a little bit high? Is the quality of the leather superior? Are the pieces handmade? Is the stitching stronger than most? Whatever reasons you have for having higher prices needs to be shared with your customers. Explain to them why the prices are higher, be it a better product, a better guarantee, etc.

Hope that helps! I wish you much success & happiness in all your ventures!