Do you suffer from bad pricing disease?

Follow, Like & Share!

She sent me a message through Etsy. She’d seen my shop and thought my pieces would do great in her brick and mortar. She was right, I had an amazing run with my items in her shop. But I had to adjust my pricing quickly!

“Hi, I’d like to put a few of your items in our shop, do you sell on consignment?”

“Yes, I do!”

Besides having my patterns accepted into national publications, that was the most exciting news I could hear. My pieces were going to be in a major, high end shop!

Bad Pricing Disease | Yarn Obsession

We got on the phone and she told me they offered a 50/50 split! Ugh

My prices weren’t ready for a 50/50 split. If I used the pricing I had on Etsy I’d lose money. I couldn’t afford to lose money. So I had to cure my pricing disease fast! Which meant figuring out costs and what I needed to make this deal happen.

Follow my blog with Bloglovin

This could happen to you, is your pricing ready? When you look at the pricing you have, and cut it down 50/50 (or 60/40, 70/30 etc.) will you make enough money to make the deal a win/win? If not, you’ve got bad pricing disease!

[wp_ad_camp_5]Most of the time when I look at pricing on yarn creations, they’re suffering. If you want to build a strong business, you have to cure the disease by pricing for profit. That’s why I wrote Hook Yourself Up and that’s why I did this video. I want you to win!

Pricing is not guessing, it’s knowing what your business needs and where you want to go.

Pricing Video

In this video I’ll talk about a simple way to price your items, in a crunch, that’ll give space for profit.

I ask questions so you really think about your process:

  • What do you make?
  • Where are you selling?
  • Who are you selling to?
  • What do your materials cost?
  • How much time to do you spend on your business?
  • What fees do you pay to list and sell your pieces?
  • How much do you want to make?

Answering these questions will help you decide if a business is for you. Maybe you just want to keep your yarn work as a hobby. You’ll also be more confident and feel good about your pricing making you a much nicer, easier person to do business with.

Is your pricing ready for wholesale or consignment? If not, I hope this video will help. . . I also hope you’ll consider grabbing a copy of my book for your yarn arts library (click here) I know pricing is a MAJOR headache, I’d like to give you some relief.