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sally_in_wales Downsizer Moderator
Joined: 06 Mar 2005 Posts: 20809 Location: sunny wales
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jema Downsizer Moderator
Joined: 28 Oct 2004 Posts: 28227 Location: escaped from Swindon
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Posted: Sat Apr 07, 07 8:19 am Post subject: |
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I think you have to be hard nosed about it, ask yourself what are you doing it for?
If you do want to do it for a living, then given each product takes your time, then the price must reflect the living you need to make.
There is absolutely zero point (unless there is some sort of grab share marketing you are doing, which would not be the case with crafts) in selling at below what you need to sell at.
If at the price you need to sell at you do not sell, then you have a failed business idea and need to move on.
Craft when you are doing the work has a different set of rules to other businesses. In say the Restaurant trade you have to price to get customers bums on seats, and then make a margin on that price and there are many ways to produce a meal to give a margin at any price.
With crafts, your scope is much reduced, each item is I'd guess simply not that flexible in cost of materials or in time taken, but you should still look ruthlessly at what gives the biggest bang per buck of your time!
I think the answer by and large with crafts is developing an air of art/exclusivity perhaps advertising that items are signed by you as the "artist". Anything to give people the impression of added value. |
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tahir
Joined: 28 Oct 2004 Posts: 45661 Location: Essex
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tahir
Joined: 28 Oct 2004 Posts: 45661 Location: Essex
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alison Downsizer Moderator
Joined: 29 Oct 2004 Posts: 12918 Location: North Devon
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Maxwell Smart
Joined: 29 May 2005 Posts: 607 Location: London Town
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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jema Downsizer Moderator
Joined: 28 Oct 2004 Posts: 28227 Location: escaped from Swindon
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Maxwell Smart
Joined: 29 May 2005 Posts: 607 Location: London Town
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Stacey
Joined: 18 Jul 2005 Posts: 8380 Location: Kernow
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