After meeting so many artists, i realized they all have the same questions. Pricing.
Pricing is difficult for many new artists… settling on a price that is affordable to YOUR market, and still making a profit. what im about to show you is NOT intended to push you to change your prices, but i personally find comparison shopping helps me price my own goods.
$2.00 for 3 mini cards
embelished/printed totes (simple)
mini bag: 6x5inches
lined + embellished + pocket
so you see the additional details add to the price of the goods. as well as the quality and time put into the project.
fully lined, detail stitching, inner + outer pocket, applique work
tapestry, strong interfacing. fully lined
lined but no inside pockets
this is the hardest part of being an independent designer. You have to be confident that people will purchase your designs at the price you set, but be wary you are setting your market with those prices. if you want only rich kids to wear your clothes… aim high. probably $10/hour + materials + 50% markup. You want average people to fall in love with you… price them at a level that YOU would pay. $10/hour + materials + %25 markup. that % is your profit. your bonus lets say… for all your hard work. if you aim too high, if you are over confident in yourself… you may not have as many customers.
I dont want to discourage anyone, or offend anyone’s pricing levels. thats not what im suggesting…
if the quality is evident to the buyer, then a higher price will make sense.
the examples i chose are ones i feel fit their price level perfectly!
good luck, and happy crafting to everyone.
and please feel free to click on the images above to shop from theose artists.. they are ALL worth it, and have many other wonderful things to choose from