tag:blogger.com,1999:blog-4890951580293376377.post1757357041080366067..comments2014-09-09T04:35:31.038+01:00Comments on Red Bird Supplies: How to price your handmade itemsAnonymoushttp://www.blogger.com/profile/06840897647375567381noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4890951580293376377.post-23812393256763482532011-01-28T17:06:54.886+00:002011-01-28T17:06:54.886+00:00When I first started out I spent a little while te...When I first started out I spent a little while testing out my products and prices on friends - must have been my background in marketing - I needed to know if they would buy my jewellery for themselves or as gifts and how much would they be prepared to pay. <br /><br />Luckily they liked what I did and we pretty much agreed on the prices. I deliberately keep my price points simple: £3.50, £5.00, £7.50 & £10.00 (easy for customers to understand and me to add up!)<br /><br />My tip is to focus on keeping the price of your raw materials down. I know that I want to be able to multiply my material and packaging costs by 3 and still arrive at my retail price. I'm happy with my margins and it is good discipline when buying supplies.Anonymousnoreply@blogger.com