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That's how it's supposed to work.. that's capitalism.
I've always felt that the manufacturer should set the price wherever they want. If people want it they will buy it. If the price is too high chances are a competitor will make an alternative for less.
I do agree with this, however I believe that as a manufacturer, you have to listen to your target market.
If you're being told that the people who would like to buy this, won't because of price, wouldn't you re-think your pricing structure?
If you're pricing is rigid because your sources are pricey, find another source. It's quite simple.
Plus as someone who has to value their time, I believe that your labour should never cost more than 15% of the total cost of the job, per hour.
Lase
I've gone ahead and reduced the price.
It won't be going any lower any time soon.
bee, $200 wouldn't even cover the cost of parts, good luck with that pipe dream