Reply by clin

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Posted on Spoon Pricing

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1128 posts in 2083 days

#1 posted 11-18-2016 11:04 PM

Just work backwards from what you want out of this. If this is supposed to be for actual income, even if supplemental, how much an hour do you want to make, how many hours does it take to make them, add on expenses like materials and wear and tear on your machines. Then add on some actual profit beyond just making an hourly wage.

If that works out to $500 a spoon, you probably should just give up on the idea of making money.

On the other hand, if this is just an enjoyable hobby, and you’d practically give the spoons away anyway, then perhaps just pick some value that will help pay for the hobby.

If demand is higher than you can keep up with, just raise your price until demand drops to meet your production.

As they say. “If you don’t lose some sales because your price is too high, then your price is too low.”

-- Clin

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