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Pricing for Failure

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  • Pricing for Failure

    I have just written a new post on Pricing which is the most make or break thing you face as a craftsperson.

    There is a review for your present prices and help in how to put them up.

    Funnily enough it seemed to me it all came down to two things: Common sense and Optimism. There isnt a formula for that but I have given all the help I can. Its an easy read with twenty pictures so your head won't fall off reading it.


    optimism.JPG
    If you read it tell me what you think http://handmadelives.wordpress.com/2012/11/29/pricing/
    Helping UK craftspeople make a living http://handmadelives.wordpress.com relaxing reads, quizzes, mentoring, profiles

  • #2
    I'm marking coursework so I am in spellcheck mode! And I vaguely remember a post reminding us to proof read everything as there is nothing worse than a smart arse, so here I go

    Rise your price... raise
    Looser's price (in the piccy) - well, unless you are getting too thin because of mispricing that should be lose as should
    Loose the last of your resistance

    But now I have relaxed a bit.... it is REALLY good! If that doesn't make some makers relax and just go for it I don't know what will!

    Go Jamie, sorry, Dixie
    Do not watch this space

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    • #3
      Great article . Thank you.
      I get quite stressed trying to decide the price of my work. I am self taught and as with most people who create I am my own worst critic. Your advice is much appreciated.
      Will keep an eye open for any other tips posted.

      Comment


      • #4
        Rise your price... raise
        Looser's price (in the piccy) - well, unless you are getting too thin because of mispricing that should be lose as should
        Loose the last of your resistance

        THANK YOU I am dyslexic ( why do they have to make that such a difficult word ) so all spelling help is appreciated so I can put it right. I do proof read but...

        Will sort errors now
        Helping UK craftspeople make a living http://handmadelives.wordpress.com relaxing reads, quizzes, mentoring, profiles

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        • #5
          Luvadax just spread your bets and see what you get a way with
          Helping UK craftspeople make a living http://handmadelives.wordpress.com relaxing reads, quizzes, mentoring, profiles

          Comment


          • #6
            Your posts are always a good read and very helpful (and entertaining!).
            Lyn
            Annie and Lyn
            www.rosiepink.typepad.co.uk

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            • #7
              Great article as always. Makes you think even if you are not in total agreement, which I usually am BTW,

              Mo.XX
              Mo. Bodrighy Wood.
              Being deeply loved by someone gives you strength, while loving someone deeply gives you courage..Lao Tzu.
              www.bodrighy.co.uk
              https://twitter.com/#!/AuntieMornie

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              • #8
                Yes, as usual another excellent post, thanks for sharing!
                Custom tribal belly dance costumes & accessories

                Unique jewellery for those who love to turn heads

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                • #9
                  A brilliant, thought provoking article as always! I'm going to take the plunge in the new year when I start selling again (currently on a bit of a 'sabbatical' from fairs) to put my prices up to properly reflect my time, and with a profit margin too. If that means a bracelet I'm selling at £15 now goes up to £30, so be it.

                  I've always been vocal about the horrors of seriously underpricing and while I do cover all of my costs, my prices don't really reflect the effort that goes in, or what they are 'worth' to someone as a handmade piece.

                  Claire
                  Website; www.midshiresmakers.co.uk
                  Facebook Pages: www.facebook.com/weedoncraftmarket
                  www.facebook.com/craftshoppingexperience

                  Comment


                  • #10
                    Great article, it has answered many questions I had
                    http://www.brazilartsandcrafts.com/content/16-collectible-exotic-gourd-doll
                    http://www.brazilartsandcrafts.com/content/6-golden-grass-information

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                    • #11
                      Great article..thank you!
                      Website: http://MaroonDawta.com | Facebook: | http://Facebook.com/OfficialMaroonDawta | Twitter: @MaroonDawta | Instagram: @MaroonDawta

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                      • #12
                        An very informative article, thanks for posting it up!
                        Lawrence Payne
                        Roman Mosaic Workshops
                        Facebook Page

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                        • #13
                          Pricing is only second to actually selling in my book. How do I place a value on my work? There are so many other amazing turners out there selling for a lot more and also hobbyists selling for a pittance. Reading your blog Dixie I feel I need to re-examine my own estimation of my works worth but then I also have to find the people who are willing to pay for it. For me at least it is not just getting the right price but also getting into the right market. Or maybe I am just being thick and blind..........more than likely LOL

                          pete
                          "Where the spirit does not work with the hand, there is no art" ... Leonardo Da Vinci
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                          • #14
                            Claire When you are ready to refocus I suggest you use another sales place for your jewellery it can't share with a site which is selling supplies parties and workshops it has to be dressed up to look more up market Your current site is very much aimed at the affordable market.
                            Your relaunch with plump prices must be elsewhere.
                            Helping UK craftspeople make a living http://handmadelives.wordpress.com relaxing reads, quizzes, mentoring, profiles

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                            • #15
                              It is not just getting the right price but also getting into the right market.
                              pete[/QUOTE]

                              Absolutely.
                              But try not to think of it as "what it is worth" try to think of it as "what I must charge to make a living" The first way of thinking hits all the self doubt hammers the second is cold, clean factual and YOU MUST
                              Helping UK craftspeople make a living http://handmadelives.wordpress.com relaxing reads, quizzes, mentoring, profiles

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