Appropriate Pricing of Your Products is a major stumbling block for many producers and professional crafters. I read lots of stories around the internet of folks who just don’t understand the basic formula around pricing products for retail/wholesale: Total Costs…
Category: Pricing Your Products
Pricing your products
Creating Partnerships with Your Retailers
I was recently reminded by my business friends, Mckenna Hallet and Carolyn Edlund about the importance of Creating Partnerships with Your Retailers. (NOTE: We talked a bit about this in one of my recent post: Selling Wholesale vs. Selling to…
Wholesale Pricing 101
Taking the step from retailing to wholesaling your products can be a big step — but not if you have your Wholesale Pricing researched and in place FIRST! Personally, I have written numerous posts (see links below) and have published…
Crafter/Artisan Survey
I have made lots of friends on Facebook and Linked over the years and am happy to have connected with many folks in the same industry — professional crafters, producers and artisans. One such person is Shasta McLaughlin, Top Art…
Are Wholesale Margins Changing, Part Two
I was rather surprised when I posted part one of Are Wholesale Margins Changing. In the nearly four years since starting this blog, I don’t think I have received more comments, suggestions or opinions on the subject! Of course, I…
Are Wholesale Margins Changing?
I pride myself on sharing accurate, up-to-date information with the people I work with. Running your own business can be difficult enough, but with bad of out-of-date information, it could be disastrous. A member of my LinkedIn Selling Wholesale to…
Appropriate Pricing for the Gift Industry
Over the years of selling gift products I have noticed one particular area that is critical to selling to gift shops: Appropriate pricing! Each gift shop can be different, but shops often follow certain criteria when purchasing and pricing gift…
Sell Wholesale on Etsy?
Yes, if you have not heard, Etsy announced their pending launch of a wholesale marketplace for their sellers. Etsy, who has been under fire lately for their questionable policy concerning handmade products, is now directing attention to their Etsy Wholesale…
Wholesaling Your Handmade Items
Every so often, I run into an article on wholesale/retail pricing that brings out another point that I find interesting. The following article is from the perspective of an Etsy seller deciding to sell their handmade items to a retail…
What is the Difference Between a Hobbyist and a Business Person?
If you don’t know the answer to this, or if you are unsure, you need to read this article. The sad story from Handmadeolgy does not list an author, but I would like to give him/her credit for being honest…
Are Your Prices Unrealistic?
Carolyn Edlund, the Artsy Shark, writes for the artisan community on pricing products realistically. She shows the downfall of both pricing extremes: pricing too high and pricing too low. In her post, she sites additional articles that share wonderful information…
Margins Vs. Mark Up
When working with new producers, I notice there are many questions around margins and mark-up. Many people are confused, and use the terms interchangeably, but there is a difference. Mark-up is how much a retailer “marks up” a product from…