Everyone wants to sell more handmade products. But to do so, you must get out of the seller mentality and think about buyers and the way they shop. Major retailers do a good job of this. Their focus is on the buyer from beginning to end. The owner of a retail store/company isn’t choosing products…
If your profit margins are lower than you’d like, or if your production costs are causing you to raise prices higher than you’d like, then you may want to find ways to lower production costs. >> First, make sure you’re setting prices right: The Right Way to Price a Handmade Product (Step-by-Step Formula) Here are ways…
When I left my first few craft shows with a handful of cash (this was before credit card readers were popular), I counted that as money I made. I didn’t know the difference between revenue and profits and was completely ignoring expenses outside of booth fees and production costs. The same applied when I sold…
When you decide to work with a storeowner on a consignment basis, you’ll need a consignment agreement to be sure you both agree to the terms of the deal and know what your obligations are. The store should have a consignment agreement or contract for you to sign, but before you sign it, make sure…
Disclaimer: I’m not a lawyer by profession and nothing in this article should be construed as legal advice. Although I strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice or free from errors, and you should not rely solely on this information. Always consult a…
Lowering the prices of your handmade products, just to make more sales, tends to do more harm than good (here’s why). But what should you do if you’ve properly calculated your prices (here’s how to do that), and your items are overpriced and not selling? Below are 10 things you may try to help lower…
After writing and posting 10 Reasons to NOT to Lower the Prices of your Handmade Goods, I came across a comment on social media that made me think; an article explaining why craft show and Etsy shoppers shouldn’t make remarks about a vendor’s prices being higher than they would like. The people who don’t value handmade…
How you price your products can make all the difference in whether your business is going to be successful or not. I’ll assume you’ve priced your products properly to cover your hours, costs, markup and profits (if not, follow this pricing guide: The Right Way to Price a Handmade Product (Step-by-Step Formula)). But if you’re…
Disclaimer: I’m not a lawyer by profession and nothing in this article should be construed as legal advice. Although I strive to provide accurate general information, the information presented here is not a substitute for any kind of professional advice or free from errors, and you should not rely solely on this information. Always consult a…
Do you package your handmade cream in a jar? Do you have the product name, volume and your business name and address clearly printed on each label? If not, you may be in violation of packaging and labeling laws. Disclaimer: I’m not a lawyer by profession and nothing in this article should be construed as…