Pricing your handmade items can be tricky but I found this simple (and beautifully designed I might add) equation @ tolemema.wordpress.com to help us all through it.
Thanks for the link love!
Hi, in our humble opinion this is an outdated concept as it doesn’t allow you to capture the real value for your customers: price should be what customers are willing to pay, not what cost * 2. Do you know what the value is in the eyes of a customer, the value of a unique hand made item. And many times a higher price just increases demand – just think Louis Viutton!
You make some really good points. When figuring my price I interpreted the “time” to mean what I thought my time was worth rather than a concrete 1 hour sort of way but I can see how that probably wasn’t how it was originally intended.
I have been told I price a little on the low side so thank you, I appreciate your feedback
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