Pricing products that you made by yourself can be very scary. Are you really going to charge this for something you made by yourself? It’s so easy to undervalue your own products and so scary to charge a higher price… I wanted to organize a meeting to support all of us around the city of Amsterdam who are going through this, and so I did, one event in Dutch and one in English:
I figured it would help to all get together, bring our products, have tea and cookies, and I will set up a system where you can get everyone’s input about the price of your product. Hopefully you will feel better and more confident about your price, once you know what everyone else thinks of it!
There are many different ways to determine the price of your product; market research, determining your costs and adding a certain percentage, your own opinion, your moms opinion, etc. And there are so many values that customers attach to the price of a product! They think the price represents the quality of a product, if it is really handmade, and, if they will buy your product! Mostly, you are on your own, with your product, in your house. Let’s struggle with our prices together and help each other out here.
I hope to see you there!
Useful articles about pricing your products:
The Etsy Blog – A Simple Formula for Pricing your Work
Creative Live Blog – 5 Tips For Effective Wholesale Pricing