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Topic: Advice on how to price wares......  (Read 2225 times)
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Chris in VT
« Reply #20 on: January 10, 2014 04:01:24 AM »

There's always going to be a lot of competition for the simplest of crafts. Hats, scarves, baby sized blankets. These are easy to craft, so naturally folks will be attracted to make a quick buck for a quick craft. Unless you're an other-worldly marketing demon of some kind, you're not going to make a lot of profit from what everyone else is doing. You have to set yourself apart, either in your marketing or your craft, or accept the fact that you're going to be just one of the crowd.
BINGO!!

My wife and I work very hard to be the only ones at the shows making what we make. I have my product, and she has hers. Many times we'll take two spaces and since our work is so different, nobody would know we're a married couple. Just two crafters side by side. But nobody else in the show has what we're selling.
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
www.shadypinestudio s.com
Ludi
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« Reply #21 on: January 13, 2014 04:59:05 PM »

I hope you will show us examples of your crafts some day, Chris.

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Chris in VT
« Reply #22 on: January 15, 2014 03:55:14 AM »

My website is at the bottom of all my posts. www.shadypinestudio s.com
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
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Adagia520
« Reply #23 on: May 14, 2014 06:59:41 AM »

If you find a way to make an item faster, is it better to lower the price or give yourself a raise and continue with the established price?  It used to take me 4 hours to make a doll and now I can get one finished in about 2.5 hours.  At their current price they're not flying off the shelves but they do sell regularly.
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Chris in VT
« Reply #24 on: May 15, 2014 03:29:51 AM »

If you find a way to make an item faster, is it better to lower the price or give yourself a raise and continue with the established price?  It used to take me 4 hours to make a doll and now I can get one finished in about 2.5 hours.  At their current price they're not flying off the shelves but they do sell regularly.
First you determine the 'market value' of your product. And sometimes it's so low it isn't worth making if it's time intensive.

After the value has been determined, you find as many ways as possible to lower your costs as well as time spent. Buying raw materials in bulk to save 50% over retail costs for example. And of course finding a faster way to make it thus saving time.

Oh and a little off topic, but I go to my website first thing every day and this morning was our 3,000th web order.
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
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WeeFreeRhie
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« Reply #25 on: June 11, 2014 12:11:07 PM »


And we can spend hours talking about China, but crafters don't stop being crafters once they become successful. They still think up and make things, they just use more machines to do it. I object to cheap goods that fall apart in 5 minutes, but there's a really fine line there between craft and factory crap. Interesting when you think about it.

I never have, until I read this discussion. Your answer is giving me a lot to think about. You're right, the line is pretty thin, and it seems to be very personal. One person's 'hand-made' is another's 'factory made' or at least 'machine made'. As a con goer I think the only answer that would keep me from buying from someone is if it was a straight reseller of a craft or if they used a machine for the bulk of the creative work, like just copying and pasting two images together to call it art, or based their fan music video completely off of a template with little or no imagination of their own involved. I guess I draw the line between 'labor saving' and 'imagination substitute'. But I think everyone draws that differently, and for the most part, I'm OK with that. 
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