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Topic: Are people pricing right on Etsy?  (Read 8038 times)
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likespointysticks
« Reply #20 on: October 31, 2006 03:01:30 PM »

Ditto on pricing being hard, SickRose, especially when it's something labor-intensive. I try not to cheat myself, but I'm pretty cheap, so it's hard for me to price things as much as what they're worth.

One other way to deal with the small does not equal fast conundrum that some sellers use, is to list how much time it really took to make the item in the description. Then your buyers have another way to compare items other than just on size.
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rejectedblueziti
« Reply #21 on: November 20, 2006 05:58:33 PM »

I was just reading through this, and feel the same as many of you.  I actually got a PM about the link swap here on craftster from someone who said that I shouldn't undercharge; that my products were valuable.  It was the first time I realized I had been ripping myself off.

It is hard, because I always know where the one little, unimportant flaw is on the garment, and discount myself.

I think it is important to realize, though, that if things are priced too cheaply, people assume they are of poor quality.  I have sold more since upping things a little bit.  Though, nobody will buy my 'expensive' things, even though they cost less than a machine made dress in a store.

End ranting.
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« Reply #22 on: November 21, 2006 02:08:04 AM »

isnt pricing the worst? for me at least, too.
to be honest i price things so wack like ill cover the cost and add a bit if 'i made it fast' - but i dont put that in my descriptions '-' - basically price just enough to make back whatever i spent on 'that lot of charms/beads' and to be able to buy more supplies- so then i have the rest of the lot here at home *free* which i make into actual stuff to sell at stores.

that said i totally sell cheaply on etsy ;; so im trying to raise my prices and list stuff thats not just supplies O_O
 (i stopped listing bags-- i think i burned out from underpricing lol)
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« Reply #23 on: November 21, 2006 12:36:44 PM »

i do tend to undercharge
but as of v2, i increased my prices a little
Smiley
pricing is difficult! i should ask someone else to price my items Wink
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« Reply #24 on: November 21, 2006 01:21:53 PM »

i do tend to undercharge
but as of v2, i increased my prices a little

I have too. Not by much, just a dollar here and a dollar there... I needed too badly on some items!
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« Reply #25 on: November 21, 2006 11:30:43 PM »


pricing is difficult! i should ask someone else to price my items Wink

i always wish for that too. but like someone psychicly conneced to me or something. so i dont get offended if they price too low...  just in case.
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DsgndbyRJ
« Reply #26 on: November 22, 2006 10:05:20 AM »

I have asked on a couple of occasions in the forums on Etsy for advice on pricing my items....I honestly have no idea if they are too high, or too low.....and have only gotten answers regarding how to use formulas (supplies+time) etc.  I know that part, but even with that, what is the hourly going rate for my time that I should be factoring in?? (certainly not what I make at my day job, or no-one would ever buy anything - LOL). 

I price my items out at $20/hr.  It depends on the skill required for your craft, as well as how long you've been doing it and your own skill level.

To the topic at hand - I completely agree that people way under-price on Etsy, which creates problems for the rest of us.  I price my items the same as I do on my own site, unless they are clearance - then they are generally priced at wholesale.  I'm at the point where I will only be listing really fun items (like my holiday earrings and keychains) on Etsy, as well as clearance items and supplies - I haven't sold any of my higher priced item (and we're talking $16 here, nothing exhorborant) on Etsy - so once they expire, they won't be relisted.

Unless you have a really fantastic stand-out item - which earrings (in my case) or totes (in Oktak's case) aren't - it's going to be tough going.  And until regular non-crafting shoppers become the bulk of the shoppers - as opposed to fellow "I-could-do-that" crafters, higher priced items just aren't going to fly off Etsy like they would at shows or our own sites.
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« Reply #27 on: November 22, 2006 10:09:05 AM »


pricing is difficult! i should ask someone else to price my items Wink

i always wish for that too. but like someone psychicly conneced to me or something. so i dont get offended if they price too low...  just in case.

*lol* I'd offer but I couldn't just look at something and say "price = this".  Wink 

Have you ladies tried a pricing formula?  I find it works quite well.  And you can always tweak it a dollar here or there (I always round up to the nearest $5).
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« Reply #28 on: November 22, 2006 11:13:46 AM »

I too have been messaged on Craftster about "underpricing" my etsy items, but I personally don't feel that they're underpriced at all.
In the beginning, I might have underpriced because I wasn't so sure on how I should be doing it. Now I think I have a hang of it, unless I add something completely different and when that happens I tend to research the prices of similar items to see what I think I should be pricing mine as.

My biggest "thing" with etsy pricing is shipping prices. I tend to offer free shipping 99% of the time because I feel my items are small enough, and on top of that I think it's a small thank you gift I can offer to my customers. But it really confuses me when I see someone selling a button for 50 cents and then shipping is $1.50. Or a purse for $30, and $10 shipping (domestic)...
I've wanted to purchase things many times and shipping alone has made me say no. I understand shipping is a secret way to make a profit as well, but sometimes people have to realize that ripping someone off is different.
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« Reply #29 on: November 22, 2006 12:37:30 PM »

On some of my items I offer free shipping, but many of my things are heavy and require a lot of packaging, and cost due to weight. Still though in the end I usually take a hit on shipping most things. Like the package I shipped today, I charged $3.00 and it actually cost me 5.30 for that order to be sent.

In the end though I try to make a certain amount of profit my time, and materials.

One thing I saw the other day though made me do a triple take on a price. A microscope slide was being sold for $125.00   Roll Eyes
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