We’ll start with the fun.
A couple pairs of earrings – an Etsy order that came in yesterday.
Now for fact! What’s the classy way of issuing an across-the-board price increase? Because that’s what I need to do with Shoot from the Hip.
There were plenty of times when I started selling leather, that I offered discounts and deals before even being asked. I was so excited to sell things to actual people who were willing to trade any amount of their hard-earned money for something I had made, that I fell all over myself to entice them with specials. I had no idea how to price my stuff and just kind of made things up as I went along because that was easier than doing the dreaded MATHS.
Unfortunately, the reality of leather (real, good quality leather) is that it’s expensive. Just for the raw, untreated hide. It’s pricey even before the hours of design, carving, tooling, staining, painting, finishing, highlighting,refinishing, stitching, marketing, packaging, mailing, online costs and new, improved taxes like HST. Not to mention the little hard-to-measure/quick-to-add-up things like stains, sprays, thread, grommets, etc.
A lot of people understand this and I’m always so grateful at shows when buyers tell me not to lower my prices. They make up for the people who scoff at a $250 guitar strap because the mall sells straps for $50.
Over the last couple months I’ve been keeping detailed logs of square footage (to the inch), hours (to the minute) and stains (to the drop) in an effort to come up with a pricing formula that keeps things fair for customers, for other artisans trying to make a similar living, and for myself – a wage that allows me to continue to both eat and create.
It’s nothing huge. My gut has, up to this point, been close to right on the money (NO PUN INTENDED) with estimates so it’s mostly only differences of a couple dollars, but I thought I should let people know in advance.
Some of the prices in my Etsy shop will stand (current necklaces for instance), but I’ll be slowly changing the tags on things like earrings, hairbands and belts to reflect my new formula. The biggest jumps will be with flasks and wallets, which I’ve always low-balled myself on despite the fact that they’re two of the most labour-intensive, material-heavy things I make.
Hopefully this makes good, clean sense to all and I’m not assuming too much when I say thanks for understanding!
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