I'm happy to publish another guest post here on my blog!
My friend Monique (Yemanja) has started an exciting experiment
concerning pricing handmade items
& she will share her experiences here with us!
How to go about pricing your precious handmade items?
How to balance the very thin line between under- and over-pricing
in a world where many people struggle to make ends meet?
Two months ago I have started an experiment:
I let my customers price the item they are interested in!
They have to take my material-costs into account
(plus the 21% VAT I have to charge in the country I live.)
And that's it! Then my customers decide on the price.
In a way it fits perfectly in what I think of as (ideas of) a New Economy.
Besides, I really want my Crazy Creations to go out into the world,
not stay hidden in my atelier.
It makes for great conversation with my customers!
I feel more appreciated in my work,
people really think about the value of handmade,
the hours you put into it, your craftmanship.
I never hear anymore that it is too expensive ;)
Not one customer has not bought because of this policy.
Yes, sometimes it makes them feel uncomfortable.
They'd prefer me to put a price.
In that way they don't have to think about the value of handmade
and what it is worth to them.
They only have to "look inside their wallet":
can I afford this, does my budget allow it?
I found it is important to let them lovingly know
that it is not possible for them to disappoint me in any way,
that one's € 10 is not the same as the other's € 10,
that they can pay me what they can afford to pay for the value of the item.
I just did an exhibition/ fair in a small village on 'my' island in Greece.
A country in a deep crisis also on personal and family level.
I gave it some serious thought, if I should continue my experiment in Greece,
knowing that people are really low on money
and are looking for cheap-above-all or not buy at all.
Then I thought "well if I truly believe that the Universe will balance things out,
then I must do this, especially in Greece!"
I will keep this experiment till the end of 2015.
Then I 'll decide how to go on.
I 'd love to hear your thoughts on this subject!
"THANK YOU" to Monique,
Pricing is one of the most difficult things
& I hope her experiment
will become a real success!
We will read more about
with this unusual pricing method
in future guest posts,
Please get in touch with Monique
on her fabulous page Yemanja!
Hugs & Love: