And A Note About Product Pricing..... Time is finite. While it evolves independent of the individual, our experience with it is limited. Every moment is a gift, and every time we chose to express ourselves and share the stories of our experiences, we are gifting that moment to others. As such, I'm always saddened to see artists undervalue their time. The five years it took to perfect that crotchet crocodile stitch has value. The semester of bench skills jewelry classes to learn the soldering of prongs has value. And that spool of wire you mangled last night while learning the channel setting.... yep.... it has value. Not just the wire, but the night itself! Just imagine you'd decided to spend those finite moments binge-watching Netflix instead (I'm not saying that's what I did last night, but.....). Those Netflix moments can't be as easily gifted to others as sharing with pride that very first bezel setting, for instance. And think of the inspiration the sharing of that accomplishment offers to others! So, when pricing your work, consider more than your materials. Consider more than the overhead of your electric and cable costs, marketing expenses or website maintenance. Let's abolish the abhorrently insufficient "materials x 3" pricing model and use a structure that recognizes the value of time. You are worth it. Your time is worth something. Choosing to share the gift of those moments with others should be recognized, so let's charge for our handcrafted goods according to the value of that time.
Here are some resources to help you value your time:
4 Comments
Yolanda Bates
6/23/2017 04:12:43 pm
You are so right.
Reply
Bev Cormier
6/23/2017 06:13:49 pm
So very well said Nicole! You are an inspiration! Thank you for all you do!
Reply
Leonard C. Tubbs
8/29/2017 06:15:56 pm
Pricing of a piece i have made if often time more difficult to me than actually making the piece itself.... I have never had the idea of getting rich.. or even "making a living" on my jewelry.. i do however feel that i would rather give the pieces as a Christmas/birthday gift than to allow it to go too cheaply... even with family encouragement i often time find myself pricing pieces less than what others thing it should sell for.
Reply
Theresa
2/5/2018 11:54:28 pm
Pricing has been very hard for me. I try to look at comparable things on etsy but I'm always hit with the same reaction when they see the price tag (usually at "craft fairs" where flea market junk is sold) the "oooo" or "wow" and then I have to show them a work in progress so they appreciate the effort. I also have to explain the time in it. I don't even make minimum wage on some pieces if I price just my time and not the materials. I've come to realize the problem is not with my pricing, it's with my choice of venue. I can't compete with re-sold imported crap. So I don't do those fairs anymore.
Reply
Your comment will be posted after it is approved.
Leave a Reply. |
Enjoy my content?
Categories
All
Archives
August 2024
Follow Me!Search My Site!
Feed your creative spirit! Shop now! |