The SECRET TO PRICING Handmade Products - Charge Your Worth and it WILL SELL!
Вставка
- Опубліковано 22 лип 2024
- Pricing your handmade products can feel daunting because prices and judgement are very often correlated. I'm sharing the secret to pricing your handmade products and charging what you’re worth, while avoiding unwanted opinions from customers AND simultaneously increasing your sales. I didn't think it was possible either until I implemented this one business hack and it instantly worked and changed the way my customers interacted with me. I'm so excited to be sharing this small business secret and can't wait to hear how it impacts your business.
SEWING SUPPLIES I RECOMMEND
amzn.to/42OQEvB
MY FILMING GEAR
amzn.to/3ZpNpH
MY SEWING MACHINES
Babylock Accolade: www.shareasale.com/m-pr.cfm?m...
Elna Expressive 830: amzn.to/3TQBSjs
Brother BQ 1350: www.brother-usa.com/products/...
Say hi on social:
Instagram: / jessilous_closet
TikTok: / jessilous_closet
Facebook: profile.php?...
Website: jessicacapalbo.podia.com/about
Pinterest: / jessicacapalbo
ABOUT THIS CHANNEL
My goal is to make sewing your dream wardrobe more accessible through tutorials, reviews, tips and tricks. Together we can make items we’re proud of and learn from one another along the way.
NOTE: This description contains affiliate links to items mentioned in this video or that I think you may find useful. You are not obligated to use them. Using these links does monetarily support this channel. Thank you for being here!
#prices #smallbusinesstips #JessicaCapalbo
• The SECRET TO PRICING ...
I’m disabled and getting bad feedback for selling full hoodie and pant sets for $80. I’m so grateful for this video because I definitely deserve more for the effort I put in to my custom garments. Thank you ❤
I’m so excited to be able to share this pricing secret with you because it truly made a huge difference in my business interactions and sales. I can’t wait to hear how it impacts your small business! 💗
Very smart! So many things at cheap multi-million dollar companies are made by people making $2 per hour or less. I honestly feel a little guilty when I buy cheap clothing.
I totally agree. Even items that aren’t cheap are often made by people in sweat shops making pennies per hour. I do my best to buy second hand or make my clothes and I feel really privileged to be able to share that with everyone on here ♥️
As well you should. As well we all should! Slave labor never went away, it was just outsourced to other countries that don't value their people.
I am in a lot of FB pages about selling handmade....and when they post a discussion about pricing, I always share this video. I don't know why you would spend your money & time buying supplies, listing, going to craft/art shows & NOT know how to price for profit... It baffles me~ Thank you for this wonderful video!!!!
Omg thank you!! Pricing for profit is such a vital part in having a successful business 🙌
I think I'm going to do the same thing in my FB groups. I have been told I am a bully for telling people they are underpriced their knit/crochet work at 3x the cost of the yarn (& they use the price they bought it on sale! STUPID!!!).
Hobbyists ruin it.
Until I started on the cabinet maker education, I didn't really believe that my niche skills were worth much of anything, because niche is usually seen as fun hobby side stuff in the modern consumer world. However, my teachers at that education told us to be proud of our knowledge and to really own our skills and wear them with confidence, cause the matter of fact is that none of our potential customers have the same knowledge that we have, so if they think it's overpriced, we just tell them to try and find it cheaper somewhere else or do it themselves. They usually get all upset about that message, because they know they can't find it cheaper and they can't do it themselves and they don't want to admit that they just compared a human being to a mass manufacturing machine and essentially told them to do slave labor. That's why they get upset. Not because you're doing anything wrong in pricing your worth, but because they don't want to admit that they expect quality for the same price as quantity and have just been told no.
Because it's honestly simple to reply to people thinking you've overpriced your products. Just tell them to go find it cheaper or do it themselves and then deny them service. It won't give you a bad reputation, if you remember to update your other customers on what kind of behavior you won't tolerate, cause to be brutally honest: Don't ever service rude customers. They are not worth your time, as they simply do not respect you, your time or your craft. Deny them service and if they're especially rude, then spread the word to other crafters, so they can be spared too. Don't spend time on people who don't respect you. It's never worth the time and effort.
Respect
Hey, some questions. How will you upscale your business? What about when you want to employ someone when your business grows? How will the business then make a worth while profit? What do you do when a store would like to sell your product but they need to add their mark up of 40 to 50 %? Just thoughts I’m having 😑
Finally someone really describing the way it should really be
Blessings
Thank you so much! I was looking for someone who breaks down pricing. You just gave me so much confidence for me and my small business❤
Thnkx, it was much needed
This video is brilliant! thank you for making it!
Thanks so much! I’m really glad your found it helpful ♥️
I ❤ this video. Thanks very much for sharing. I make homemade soaps and I keep hearing from my customers how my products are underpriced and that's probably because I haven't changed my charge for my time since I set it at $10 more than 15 years ago!
So much good information here! Thanks for sharing 😊
Thank you so much! I’m glad you found it helpful!
Thank you so much, Jessica. Such a simple and sensible solution ❤
Thank you! It really helped my business and I’m so thankful I’m able to share it with others 💗
This video is very informational and i love how u broke it down. Ima definitely use your advice and that tag 🏷️ is very neat, ima do something similar to yours if that’s ok 😊
Thank you Jessica! I've been making baskets for a hobby, and people are telling me I should sell them. So from now on I will keep track of my time. I appreciate your guidance and wisdom. ❤
That’s awesome! So happy to help!
BLESS YOU! The price label is genious. I do sew for profit but not clothing...I subcribed anyway. How could I not follow you? Thanks!
Awe thank you so so much! I’m glad you found the price label helpful! It made a world of a difference for me ❤️
Love your pricing break down.
I’m trying to start a leather craft business(bags, wallets, accessories, etc.), so this info is very helpful.
If I may ask, do you also put the actual dollar amounts for your various costs on each price tag, or do you leave them blank as shown on your video.
Also how could I go about finding the average mark-up cost for companies that would be in the same market as I am (ie. Monte Blanc, Tumi, Gucci, Louis Vuitton). They’re on the very high-end of the market, but I am curious to find out.
God bless you and thank you so much for your advice.
Thank you! This was very helpful, I'm looking to start selling handmade bags and am at a loss for how much to charge. I go back and fourth about my hourly wage, sometimes I think I should charge less because I am relatively new, but also as I get better and my time decreases I wonder how you calculate that? Ideally I'd like to cut my time down as that skyrockets my costs but I don't want to sell myself short as I improve my skills. Any advice would be appreciated :)
Thank you for the information ℹ was looking for. Your video was informative and easy to digest. I am retired now and looking to generate a supplement income and do what I like to do not.
Omg I love your video! A new follower. It helped me be more confidence about charging more for my business. How do you calculate if you bought it from a wholesaler?
Hi!! I don’t really have experience with purchasing wholesale, so I can’t really speak to that. I’m sorry!
This video was great, I’m in the process of opening my crochet purse business & have been having a hard time w pricing because the bag takes so much material & time, I have to charge high . I love the price label idea ! Where do you post it ? On your socials or on the website ?
Ahh yea that can be tricky. I used the labels for in person shopping at markets, but you could totally put them on your website and socials 😊
Thanks so much for the reply !!!
I think this only works for some products. I make stickers. And when I say make, I draw them by hand and use a Cricut machine to cut them. However, the drawings can take me at least an hour. Minimum wage in my state is $15/hr. Nobody is going to pay 25 dollars for a sticker sheet...😂😂😂😂
How about family & friends, how do I charge them? How do I need to give discount? I'm a newbie. I'm totally lost when it comes to charging. Hope this formula will help me 😊
If they care about you and want to support you, they will pay what you're asking. If not... then let them know that you need to make a living, and maybe one day you might make and gift them something, but currently, you're trying to survive and can't afford charity discounts for the time and energy required for your products ✨️
You are SERIOUSLY undercharging!!! Yikes!
This was so helpful, thank you so much 🥹