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Topic: Cheapening  (Read 460 times)
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CatyX
« on: July 11, 2005 12:10:09 PM »

Is that a word? Well my problem is I am thinking of starting to sell my jewelry except I don;'t think anybody round here is prepared to pay enough even to cover the cost of the materials let alone leave me with a profit, so I was wondering if anybody has any tips for ddoing things more cheaply?

Thanks
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LRS
« Reply #1 on: July 11, 2005 12:16:35 PM »

The answer isn't to make it cheaper.  It's to find the people who will pay more.  And to make your products worth more.  Sometimes you can increase the value by packaging it like the expensive stuff.  Make up cards for earrings or put other thing in boxes.  Show them on velvet lined trays or something "upmarket." 

And the cost of materials is only the bottom line.  Your creativity and time are the important things.  You need to be paid for that.  Look at the best shops in your area - I'll bet they're getting decent prices for jewelry. 

That said, if you can find a way to lower your costs, you will be more profitable.  But those savings should go into your pocket, not into lowering the prices.

LRS
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CatyX
« Reply #2 on: July 11, 2005 12:25:36 PM »

Thanks
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funkyjunkie
« Reply #3 on: July 11, 2005 09:34:04 PM »

LRS is right. Pricing and getting paid what you're worth is a tough one. It's also a mistake to undercut yourself and not get paid for your time, your creativity, your jewelry and the appeal.

Figure out a price range and find the market that will pay that. You'll have to do your research to figure out the whens & wheres.

Oh, and if you haven't already, get your resale/tax license so you can buy at discounted and more wholesale prices.

I've been selling for a year and have done it all backwards. Plus, I didn't do my research and just have expected things to "work out." Not the case because here I am having to start from the beginning.

Head over to www.theswitchboards .com/forum for more business advice.
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funky junkie ~ addictively good handcrafted jewelry ~ www.funkyjunkie.biz ~ the blog @ www.funkyjunkie.biz/blog
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