hourly wage (I use the minimum wage for my state), with a higher hourly
wage for more intricate pieces. ~~~~~~~~~~~~~~~~ Another way? And I used this when I had a rubber stamp company, too. When I shop, I pay very good attention to prices. It helps me charge what the market will bear. And as for the psychology of pricing/buying, I find my $100 earrings sell a lot faster than my $20 ones (which I was selling for $20 as a come-on -- and never will again).
standing there at that craft fair. Your asking price should, hopefully,
cover the time it takes to sell it! ~~~~~~~~~~~~~~ Plus: The time and expense you spent to get there. The price of your booth. If you're staying overnight, the price of your hotel and meals need to be factored in. Otherwise you will end up deep, deep, DEEP in the RED.
one of my favorite sellers, she makes lovely earrings that average $10 a pair and they are real swars, real gemstones, real silver...all the components you all use and keeps the price fun for us with a thin pocketbook.
Ah, Sooz is back. I'm not going to dignify your caustic comments with an answer. Patti
Absolutely! I had a dollmaker buddy who, when a doll wasn't selling, would *UP* the price till it sold! Dolls that wouldn't go for $45, would finally sell for over $100 (or more)! Human psychology.....go figure.....
~~~~~~~~~~~~~~~~ :-O
Yay! Sooz is back!
Patti, if you choose to read her words with a matter-of-fact tone and not a caustic tone, you will find them far closer to the way they would sound if she was saying it face-to-face.
She is > Ah, Sooz is back.
Here's my view on pricing....
We have a capitalist, free society. Well, mostly free, anyway. Good business people price their work as high as the market will bear. Supply and demand rules here.
If prices are too high, the items won't sell and the seller will go out of business. If prices are too low, the seller won't be able to keep up with demand and may go out of business. Anything in between is fair game.
To me, there is no matter of ethics here, unless we are talking about undercutting a supplier or something of that nature - but that's another matter entirely.
Pricing doesn't just hav eto do with the cost of supplies or the time it took to make the item - it can have a lot to do with the popularity of a design or color scheme.
I don't ever use a formula for pricing. EVER. The reason is that there are always other aspects to pricing that you can put into a formula. Artistic talent, popularity, venue, geography (designs are popular somewhere but not elsewhere), etc.
There will always be people who poo poo prices and say "you can buy that at a dollar store". Always. You have to ignore them - they aren't your market anyway.
Ebay is NOT a RETAIL MARKET! Sorry for yelling. You can't compare ebay prices to website or show prices. There is a lot of competition on ebay (agreeing with the post below). If you can't sell something on ebay for a certain price, it doesn't mean you can't sell it for that price elsewhere.
But Patti - she's right on this one.
not a caustic tone, you will find them far closer to the way they would
sound if she was saying it face-to-face. She is only putting bluntly things others tried to say softly.
Patti wrote:
~~~~~~~~~~~~~~ How weird, Patti's post doesn't appear at all for me to read.
And yeah, Patti! Sheesh, you know I wasn't bawling you out.
Dignify my caustic comments indeed. You can't know they were caustic
-- are you in my house? I don't see anyone.
But you SHOULD know better. You've been doing this long enough. And now that IS caustic, and you can deal with it any way you freaking want to. Active, stated superiority ("I'm not going to dignify that with an answer") is an answer in itself, and a snotty one too.
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