What's your worth? Price your items right the 1st time.

Kasha Designs is my baby, so to speak. I love what I do and coming up with new and fun ideas. I want to give my items to new homes and have the customer love and enjoy them as much as I do. But I want them to love  the quality and love the price. I do not want to make items too high but I also need to think about how much time I took making the item and difficulty if any.
 When it comes to pricing many struggle and it's fully understandable. Some people look at their items and say what would I pay for it? Well that is okay to a certain extent, but not everyone will pay $20 for an okay necklace. Then there are the groups that take how much the product costs and then adds $2-$5 to make as their profit and does not take in anything else.
 
 So here is my method of pricing my items. Everything I buy I keep my reciept and log the price of items into an excel spread sheet and I take into account how many beads, pendents or what have you is on they strand. I price items per bead. So if there are 75 beads on a strand for $2 I take $2 and divide it by 75, and the solution I would round to .02 scents per bead. That sounds crazy but it really works.
  Well after getting a price per bead I have to take into account how long it took me to make the item and how much I am worth. Every artists takes time to make an item and we are all worth something by taking time out of our days to make these wonderful pieces. Are you worth $1 an hour? or $3 hour it's all up to your skill, quality, and devotion. Each person will determine his/her worth.


 So pricing my items I take bead/charm/material per cost, time, and worth and that is how I come up with my prices now. I have done this with items and I have gone down some $2-4 dollars because I was really over pricing it. I'm not saying I am not worth that much but what I put my worth at I am still making a profit, a profit to take Kasha Designs to the extreme that I want it to go. Some people raise prices to really make a killing, but I want to make money but I enjoy having happy customers and being happy myself. It's not about the money that I have started my own business its the joy I get in crafting and meeting other who enjoy and respect my work and networking with so many people in the same field. Hopefully the ones that are reading this now. Many people may shake their head but I've done the calculations yes I'm still making money and I have great customer service, without customers there is no business.


But now since I've had a sentimental moment lol here is an ebook (FREE) on pricing and value called an Artists guide to Pricing by blogger Brandi Girl. This is free so please download it and reference to it until you get comfortable pricing your items.

http://www.brandigirlblog.com/2011/03/artists-guide-to-pricing.html


I hope to service you soon with Kasha Designs products we always have stock and plenty more in the works. Have a great weekend!!


Krista
Kasha Designs
http://www.kashadesigns.webs.com/