Let me be clear. This is NOT your typical pricing guide. I don’t really believe there is a single formula to help you come up with the perfect prices. This post and accompanying worksheet are guides to help you better understand your costs and get a handle on your numbers. Here’s the thing. Pricing handmade items is complicated. But’s it’s not impossible. Let me help!
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This is the first post in the Your Shop, Your Way series. I got so tired of articles and posts that tell you “exactly” how you should run your shop to be profitable. That’s BS in my books. I won’t tell you “exactly” how to do anything! No two shops are exactly the same nor should they be run the same way. You need to learn how to run your shop, your way. All I’m doing is offering a little advice that I hope you’ll find helpful!
But don’t take what I’m saying as gospel. Every shop requires some trial and error. That’s just part of the process. And that’s definitely true for pricing handmade items too.
Pricing handmade items is about striking a magical balance between finding a price that is actually profitable for you and one that’s realistic for your customers.