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Showing results for tags 'price point'.
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So I had my first craft show, did not go for the two days, just one, because I was afraid of selling out. Should've have done both days...live and learn. Made a few hundred, mildly profitable, so a plus in my book. The craft show was part of a "tour" through the region with different events and shows along the way. Reasonable foot traffic, a few hundred I would guess. BUT! The show was mostly crafty country stuff. Cheap and in many cases not very well done. One person was selling signs like "My morning Coffee needs a Coffee" in vinyl stickers that I'm sure they bought on amazon. The nice lady next to me sold blankets and knitted pot holders. You get the idea.... There I was selling dog collars and leashes, belts, and purses. I did get a few comments about the cost, not many, but memorable. I had my belts at $45, 9oz, 1.5" wide...I did get the comment that the man needed a work belt and these were too nice. I learned to pick my venues more carefully. Questions: I have come to a rule of thumb for pricing...my cost is $0.10 USD per Square Inch. This price includes leather, rivets, dye, wax/resolene. Any other hardware is added on top. Does this sound reasonable? It covers my costs+, which is good since not all of a hide is usable. Should I stitch and work while at the show? I did and didn't receive any comments positive or negative. And Last...Does anyone have any good advice for storing and transporting inventory? Thanks a bunch.
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Ello Ladies and Gents, I was wondering on a little input. I am new and starting a small Etsy shop and building up from there. This is one of the first items I will be listing. A very simple leather cuff with a stamped pattern, simulated stitching and a tiny bit of tooling(a couple in the pic are unfinished). What is a good and genuine price point to start these at? $10? $35? I have no idea. Any help is always appreciated! Thanks in advance -Ryan