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In this video, we're going to talk about the top 5 mistakes to avoid when pricing your handmade products. We'll also talk about what's wrong with the formula you're using to calculate your prices.
Pricing is the centerpiece of your handmade business. The reason is simple: to be successful and make a living off your handmade online shop, you need to be profitable. And to be profitable, well… You have to price your crafts for profit.
Truth is, it can feel very uncomfortable, and if you’re like me and numbers aren’t your favorite thing to play with… well it just sounds like the least possible fun thing to do! The temptation is real to get it over and done with as quickly as possible, but you also risk falling into one of the most common pitfalls of costing and pricing your Etsy products.
If you know deep in your heart that you haven’t spent much time on your pricing strategy, you might want to keep watching!
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