|
|
|
500 to Unlimited: The New E-Z-MRP Business Model
E-Z-MRP, the leading manufacturing software system for small manufacturers, announced effective April 15th, there will be a new pricing and product structure. According to Rocky Smolin, founder of Beach Access Software, makers of E-Z-MRP, “We see a...
Mortgage Company Stops Foreclosure And Saves Family Home
“A bank is a place that will lend you money, if you can prove that you don’t need it,” Bob Hope once quipped. But if you going through a bad financial spell, you need an institution that will stand by you. Our office received a call early one...
Netpreneurs: Please! Think Like A Business Person!
There's a plague in the land. Would be Netpreneurs and home business millionaire wannabes are going around saying "I've been ripped off by _____________!" Just fill in the name of the person or program. If you're promoting ANYTHING online,...
New web-based HR tool is "Max" from NAS, Hannibal, and InfoLink.
Three highly respected names in Human Resources have joined forces to provide companies with a revolutionary blend of services that make the hiring process more efficient and effective. The partnership joins three companies: NAS Recruitment...
SMART MONEY MOVES...RELOCATE YOUR ASTROLOGY CHART BEFORE YOU INVEST IN YOUR OWN PRIVATE PARADISE....
BEFORE YOU INVEST IN YOUR OWN PRIVATE PARADISE, A…Golf Course Haven…Vineyard in Provence…Oceanfront Condominium with a Dock for Your Yacht…Sunny Tropical Island…Mountain Ski Cabin…Castle by the Sea…Panama Estate…Or Cancun Casita... STOP and CHECK...
|
|
| |
|
|
|
|
|
|
Pricing for Crafters
Craft pricing properly done maximizes your income without driving
away potential customers. This and cost controls are the keys to
the profitability of your craft business.
Setting, let alone, maximizing, your craft’s price is a little
more complicated than it first seems. The obvious price is as
much as a willing buyer is ready to pay. But how do you arrive
at that figure? Craft pricing has often been left more to gut
feeling than to rigorous analysis.
Knowing your easily-quantifiable costs, for example raw
materials, tools, packaging etc, on the one end, you need to
consider, on the other end, what the market will bear. You need
to charge as much as you can to cover all the unknown or
unanticipated costs, as well as to maximize your bottom line
profit. This is the essence of proper craft pricing.
When trying to set prices, most crafters forget to include the
most important expense of all - the cost of YOU. You are
talented and skilled, otherwise there would be no market for
your craft.
Most crafters get into their crafts out of love for
what they're doing and are just looking to cover expenses. But
your time, skill and effort are valuable. Take them into account
when you set your price.
In order to sell your goods at a reasonable profit, you need to
determine the maximal price. “Maximal” is defined as “the
greatest or highest possible”.
I got comfortable charging the most that I could for my crafts
when painful experience showed me there would be costs I
hadn’t anticipated – the very expensive ink that sprayed all
over the room (and me!) when I was trying to refill a
cartridge – the products I had to recall and replace when I
determined the chemical used to fix the ink to the fabric had
gone bad.
The space between your costs and your price is not only your
profit; it is also your wiggle room for when things go wrong,
as they certainly will from time to
time.
The Golden Rule of craft pricing is: Charge the most the market
will bear and you will still make less than you anticipated. Set
your expectations – and prices – accordingly.
Ask yourself, “What is the market willing to pay for my unique
crafts?”
Show your craft to friends and retailers and ask them how much
they would expect to pay for it. Then you want to expand on that
basic data. Go window shopping wherever you think your type of
product could possibly be sold: local retail shops, catalogues
and/or the Internet.
Be sure to consider the relative raw materials employed. If you
see a beaded bracelet similar to one of yours, but using
semi-precious stones, where yours is made with glass beads, adjust
your craft's price down. Or vice versa.
If Wal-Mart sells a mass produced version of your craft, made in
China, don’t be discouraged. Know you have a competitor. Make your
product obviously better, but keep the competition in mind when
you set your price.
One more thought on pricing: if your initial price turns out to be
too high (i.e., more than the market will bear), you can easily lower
it. However, the reverse is much harder to do.
This is a complex subject. You want to maximize your profits, but you
don’t want to drive your customers away.
Fortunately, there are resources that can help you determine the
proper price. Please visit http://www.theartfulcrafter.com/
craft-pricing.html for information about a great program you can use.
There is also a wealth of information on my website that any crafter
and, for that matter, any small business owner can use to get their
enterprise up and running whether it be online or off.
About the Author
Ms Bergen has had a varied career, first as a special education teacher and then, after obtaining an MBA degree, as a vice president at a major insurance company. For the last eight years, she has been making and selling crafts.
|
|
|
|
|
| Finance - Leases-Leasing Ezine Articles |
| EzineArticles.com allows ezine or email list publishers to upload or download free expert content that can be used within email newsletters or websites. |
| ezinearticles.com |
|
| Finance: Leases Leasing Articles from EzineArticles.com |
| http://ezinearticles.com/?cat=Finance:Leases-Leasing Free Content For Your Ezine or Website http://creativecommons.org/licenses/by-nc-nd/2.0/ Why use your ... |
| ezinearticles.com |
|
| Leases Leasing - Money & Finance Articles |
| Leases Leasing - Money & Finance Articles. Money & Finance | Accounting & Payroll | Bankruptcy | Business & Loans | Credit Tips | Currency-Trading ... |
| www.article99.com |
|
| Finance » Leases Leasing » Absolute Article Directory |
| Absolute Article Directory: Finance, Leases Leasing. |
| www.absolutearticle.com |
|
| - Leases-Leasing |
| By David Springer | On January 29, 2006 | In Leases-Leasing | Rated. Short on cash, but need equipment? Consider leasing what you need. ... |
| www.articlebar.com |
|
| Leases Leasing |
| You are here: Article Directory arrow Article Directory arrow Finance arrow Leases Leasing ... Leases Leasing. Articles ... |
| www.rumorist.com |
|
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan ... |
| Long Term Car Rental Italy Auto Rentals Leases Leasing Rome Milan Florence One Way Paris London Frankfurt Madrid Lisbon. |
| www.ideamerge.com |
|
| europe car rental leases leasing one way rentals long term renault ... |
| pictured is the Renault Laguna Estate, With Renault tax-free, short-term auto leasing you get the exact, brand-new vehicle you reserve, plus unlimited miles ... |
| www.ideamerge.com |
|
| Private Fleet - Finance, Insurance, novated leases, leasing, CHP ... |
| New Car Broker Australia. Private Fleet sales discounts on your new car purchase, no haggle, no hassle saving $1000s off all new and used cars for private ... |
| www.privatefleet.com.au |
|
| Projector Leases, Leasing Companies for LCD, DLP, LCOS projectors |
| Projector leasing programs and services. Choose a company. |
| www.projectorcentral.com |
|
| Category: leases-leasing |
| Category... leases-leasing. Results 1 - 3 of 3. Search took 0.01 seconds. Page 1 of 1. Buy or Lease: Which Automobile Transaction is Better? ... |
| www.articler.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| It takes two companies to bring you the premier Corporate Property Development group in Northeast Ohio: the talents of John Dellagnese and Associates ... |
| www.dellagnese.com |
|
| John Dellagnese & Associates: offices, officespace, lease, leases ... |
| Welcome to our Tenant Login Page. * Forgot your password or haven't received one yet? Email us tinah@dellagnese.com or call 330-668-4000 and we will reply ... |
| www.dellagnese.com |
|
| The-Arts-Magazine.com - Leases-Leasing |
| Home arrow Article Links arrow Finance arrow Leases-Leasing. Main Menu ... Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. |
| www.the-arts-magazine.com |
|
| OmegaMotors.com - Your Money - Leases - Leasing Overview |
| Blue Book retail & trade-in value reports on used vehicles. Kelley features prices on used cars, trucks, street and dirt bikes, ATVs, scooters, ... |
| www.omegamotors.com |
|
| Entertainment Guide - Leases-Leasing |
| Sunday, 03 December 2006, Home arrow Article Resources arrow Finance arrow Leases-Leasing ... Mosets Tree. Leases-Leasing ... |
| www.entertainment-resource-directory.com |
|
| - Leases-Leasing |
| Mosets Tree. Leases-Leasing. Listings. There are 0 listings in this category. spacer.png, 0 kB. spacer.png, 0 kB. download joomla modules download joomla ... |
| www.healthcare-resource-guide.com |
|
| FINANCEDEPARTMENT.COM- Finance, Mortgages, Leases, Leasing ... |
| Finance, Mortgages, Leases, Leasing, Brokerage Houses, Mortgage Lending. |
| www.financedepartment.com |
|
| vehicle leases leasing guide and facts |
| vehicle leases leasing guide and facts. Under the federal Consumer Leasing Act, you, the consumer, have a right to information about the costs and terms of ... |
| www.shopperfavorites.com |
|
| - Leases-Leasing |
| spacer.png, 0 kB. spacer.png, 0 kB. Home arrow Article Resources arrow Finance arrow Leases-Leasing. Mosets Tree. Leases-Leasing ... |
| www.cars-directory-guide.com |
|
|