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Handmade Product Pricing Mistakes ❌

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You're probably making at least one of these five handmade product pricing

mistakes that can cost you sales,

attract the wrong customers to you and maybe even cause you to go out of

business.

So keep watching so you can fix your product pricing and avoid all of that nasty

stuff from happening. Hey,

my name is may and I help makers,

artists and designers create a consistent income selling their handmade products

online.

The first mistake is when you don't use a pricing formula.

I believe every PO price needs to follow a two step process.

The first step is you need to follow a formula.

My formula is taking your materials costs at your time spent making your

products,

then multiply by two that gives you your wholesale price and take your wholesale

price and multiply by two again to get your retail price. Now,

even if you never sell wholesale,

it's healthy to include it any way and what that does is adds an extra layer of

profit for your business that keeps you sustainable.

Sustainable to me means paying you the right amount of money for every sale you

make so that you stay in business for longer cause that's the goal, right?