Pricing formula

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When you buy something consider this. If that T-shirt you are wearing costs only $10, what did the person who made it make?  If you get a handmade quilt as a gift, how much is that puppy worth retail?  Shocking, but explains why quilters rarely sell their quilts and give only to those who would truly appreciate that a baby quilt costs about $600 to make! Pricing Formula, Business Pricing, Selling Crafts, Info Board, Lost My Job, Craft Fair Ideas, Craft Show Ideas, Craft Shows, Business Plan Template

IF YOU ARE A CUSTOMER OR A SMALL BUSINESS OWNER, THIS POST IS FOR YOU. [update and disclaimer] This post has received a lot of feedback in the comments section which is great! I'm glad we're all talking about this difficult topic. But I do want to add - this formula wasn't meant to be perscriptive, merely a guide. Adapt it to suit your situation. I've added more comments below in red :) It's crazy how often the topic of pricing comes up in conversation around here. - It might be triggered by…

How to price products - Create Kids Couture Pricing Formula, Idee Cricut, Boutique Ideas, Craft Booth, Craft Fair Ideas, Show Ideas, Craft Show Ideas, Craft Shows, Etsy Ideas

Shannon here and I'm baaaaaack for another installment of Boutique Basics where I help boutique owners learn the business of owning a boutique! This week we are going to be discussing something we get asked about a lot and we all HATE figuring it out: pricing products properly. So let's put our big girl pants on as well as our thinking caps and get down to business. I suggest you don't just skim over this article either; get out some paper and a pencil and really work on this. You will be…

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