I've been thinking about pricing for my new products and I'm finding it hard to settle on a number. Then today on
Scoutie Girl I read a timely
post by
Wicked Whimsy on pricing handmade goods. It's not surprising that as small craft business owner pricing and underselling handmade goods is something that I feel very passionate about. When I first started Notions I had no idea what I was doing and was happy just to have a sale- even if it meant that I didn't actually make a profit.
When I first started selling at local markets other stall holders told me that I should ask more for my products (I realise now that they were not just saying that to be nice, but that underselling was hurting their sales and the craft community as a whole) My reaction was, 'Really? Do you think people will still buy from me?' You know what? As soon as I raised my prices I started making more sales.
I really do believe that is important to value your goods and your skills and that if you do your customers will also value them.
I'll have some photos my new products to share with you soon, in the meantime here is a completely unrelated image for your enjoyment.