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Are my prices too high?

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  • Are my prices too high?

    At the moment, my average necklace is £15 (not including my silverworked items) for a pendant I have moulded, sanded, drilled and varnished then strung... I haven't made any sales despite featuring my work in a photography exhibition and doing as much online promotion (also writing to shops) as I can think of. I had one gallery offer me some space, but they went cold after I offered them 20% commission on a Sell-or-Return basis. I think it might be because their usual items are fine art kind of pieces with prices tags around the £100 mark.

    What do you think?

    Examples are on my website but not allowed to post URLs yet as I haven't posted enough, it is MOD EDIT - PLEASE READ THE RULES

    Thanks!
    Last edited by Peter; 21-06-2008, 05:46 PM.
    Help me out by entering my raffle for a custom art quilt:http://pennydog.wordpress.com/help-me

    Patchwork patterns shop on Etsy: http://pennydogpatterns.etsy.com
    Illustrations and fabricy gifts on Etsy: http://pennydogillustration.etsy.com

  • #2
    Hiya Kerry
    I looked at your site and your stuff is so groovy and well worth the price- in fact you may be underselling yourself. Have you thought of going back to the Gallery and asking them what commission they think is reasonable? One I use charges 40 per cent so I add it on to the retail price - there are some that want 100 per cent mark up . Getting your website noticed takes a lot of time and effort . I have had my Jewellery Site over a year now and whilst I sell to other countries, I seem invisible to UK buyers. The key is patience and hard work so keep at it One thing you could do is add to your keywords - what springs to mind immediately is retro fabric jewellery, recycled fabric jewellery
    Chris xx
    My Website
    My Blog

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    • #3
      Hi Kerry!!! I think £15 is a very fair price but from myexperience everyone wants something for nothing!!!!! Why not try £14 99? I know it sounds daft but it might the 'round' pounds that make it sound more - if you know what I mean!! They are gorgeous but I especially LOVE the one with the Enid Blyton page in it!!!!!!
      I think your work deserves a 'posh' sort of place to be sold at! Sue xx
      http://susieQinblogland.blogspot.com

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      • #4
        Your things are lovely. I agree that people want things for nothing, but thye need to appreciate how much hard work goes in. They would probably spend £15 in M&S on some cheap necklace!
        http://chickadeecards.blogspot.com

        http://flickr.com/photos/[email protected]/

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        • #5
          Your work is original and if anything I think you should charge more to reflect the work you have put into it.
          www.littlebead.blogspot.com
          www.twitter.com/littlebead

          Comment


          • #6
            Thank you for your kind words, and how embarrassing for the moderators to take off the URL... unfortunately this now means noone has a clue what we are talking about!
            Help me out by entering my raffle for a custom art quilt:http://pennydog.wordpress.com/help-me

            Patchwork patterns shop on Etsy: http://pennydogpatterns.etsy.com
            Illustrations and fabricy gifts on Etsy: http://pennydogillustration.etsy.com

            Comment


            • #7
              Originally posted by kerryw View Post
              Thank you for your kind words, and how embarrassing for the moderators to take off the URL... unfortunately this now means noone has a clue what we are talking about!

              Forum Rule 8, It takes 25 posts before you can post live links.. Become a member no wwwdotcraftsforumdotcodotuk thank you ..

              How embarrassing not to have read the rules. It is not a good idea to criticise forum moderators as a new member.

              Comment


              • #8
                Hey Kerry . . . . .

                I see you realised that you can have your website link in your signature!

                I think that you've created some stunning pieces. Putting your prices up may just be the answer - I think we've all been told that we under-value our own work - only today I had another forum member lecture me on the kudos that gemstone beads have and that people will pay more for what they believe is quality.

                I say bump up your prices - what have you got to lose?
                Last edited by auntynet; 21-06-2008, 10:11 PM.
                Auntynet

                Step-daughter's website selling hand dyed sock yarns www.knotanotherknitter.com




                ~ * ~ * ~ Of all the things I've ever lost, I miss my mind the most! ~ * ~ * ~

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                • #9
                  Hi Kerry,

                  I dont think you're prices are too high either. Your stuff is lovely and unusual. You may wanna try contacting local shops, hairdressers etc to see if they would be interested in selling your work and also do jewellery parties, craft fairs, markets etc.

                  You have to make sure that your prices allow you to sell to galleries etc wanting 40% and that you are still able to make a profit so maybe increasing your prices would enable you to do that.

                  Donna x
                  www.kistjewellery.com

                  Comment


                  • #10
                    only today I had another forum member lecture me on the kudos that gemstone beads have


                    Do tell. We don't do the 'not naming names' thing here, and I can find no reference in todays posts.

                    Comment


                    • #11
                      Originally posted by Beadsage View Post
                      Forum Rule 8, It takes 25 posts before you can post live links.. Become a member no wwwdotcraftsforumdotcodotuk thank you ..

                      How embarrassing not to have read the rules. It is not a good idea to criticise forum moderators as a new member.
                      I was stating it was embarrassing for myself, Beadsage. This was not directed as a criticism.
                      Help me out by entering my raffle for a custom art quilt:http://pennydog.wordpress.com/help-me

                      Patchwork patterns shop on Etsy: http://pennydogpatterns.etsy.com
                      Illustrations and fabricy gifts on Etsy: http://pennydogillustration.etsy.com

                      Comment


                      • #12
                        Originally posted by Kist Jewellery View Post
                        Hi Kerry,

                        I dont think you're prices are too high either. Your stuff is lovely and unusual. You may wanna try contacting local shops, hairdressers etc to see if they would be interested in selling your work and also do jewellery parties, craft fairs, markets etc.

                        You have to make sure that your prices allow you to sell to galleries etc wanting 40% and that you are still able to make a profit so maybe increasing your prices would enable you to do that.

                        Donna x
                        Hi Donna, tried the local shops (and some not so local) but not face-to-face, only by mailing. Maybe I should pluck up some courage to go in! Because I'm a photographer as well I was going to contact hairdressers about that, but not so sure about it being the best place for my jewellery- have you (or anyone else reading this for that matter) had much success that way?
                        Help me out by entering my raffle for a custom art quilt:http://pennydog.wordpress.com/help-me

                        Patchwork patterns shop on Etsy: http://pennydogpatterns.etsy.com
                        Illustrations and fabricy gifts on Etsy: http://pennydogillustration.etsy.com

                        Comment


                        • #13
                          Well i'm only just starting to look for places myself as it seems very difficult to try and make alot of sales from the internet. You have to work so hard at promoting your jewellery and your website and these are things I know little about.

                          I have started doing arts markets near me and am now looking for other places to sell as I think people are more likely to buy if they see things in the flesh so to speak.

                          A hairdressers that I used to go to have said I would be able to sell in their shop and so I'm meeting with them soon to discuss things so I'll let you know how successful that is in a few months.

                          Initially I wasn't sure about hairdressers either but if you think about it its the perfect audience for your product and they have time to kill whilst waiting etc.

                          I am not that comfortable going into shops trying to sell my jewellery and haven't had to do it properly yet but I think its something I will need to do as I have sent letters to people and they just dont reply. I think people are more likely to say yes if you go in there anyway.

                          I think its better that your jewellery is displayed in a hairdressers lets say and may get a sale than no where at all, and if you pick those nice funky salons that aren't too pretentious then it may be a good fit for your type of jewellery.

                          Sorry have got a bit carried away writing so its quite a long post.
                          www.kistjewellery.com

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                          • #14
                            I think they seem very reasonably price, you could higher the prices i think!
                            http://www.LunarraStar.com & http://Lunarrastar.etsy.com
                            http://www.DarkEleganceDesigns.com & http://DarkEleganceDesigns.etsy.com

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                            • #15
                              Thanks for all your thoughts. I've decided to keep the majority of my things reasonably low priced as they currently are, but also so that I'm more likely to get sales through galleries for higher priced things, I'm going to keep silver stuff separate, and some of my more detailed pieces that I have made and am currently making. These I will market to other outlets exclusively, reducing the risk of undercutting myself, and being able to realistically justify the price rises that this will inevitably result in.
                              Help me out by entering my raffle for a custom art quilt:http://pennydog.wordpress.com/help-me

                              Patchwork patterns shop on Etsy: http://pennydogpatterns.etsy.com
                              Illustrations and fabricy gifts on Etsy: http://pennydogillustration.etsy.com

                              Comment

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