EP 5: Pricing - Profit Margins, Trends & Common Mistakes

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The Maker's Way

Shawna Murphy

21 episodes

4 days ago

I help you start, grow and scale your handmade business.

Entrepreneurship

Business

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All content for The Maker's Way is the property of Shawna Murphy and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

I help you start, grow and scale your handmade business.

Entrepreneurship

Business

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EP 5: Pricing - Profit Margins, Trends & Common Mistakes

The Maker's Way

39 minutes 5 seconds

7 months ago

EP 5: Pricing - Profit Margins, Trends & Common Mistakes

Today we’re taking about pricing handmade products!

00:00 Introduction and Purpose of the Podcast

03:50 The Ideal Profit Margin for Handmade Business

08:52 What is a profit margin?

09:03 Variety in Pricing: Low, Medium, and High

12:48 Incentive Items

15:00 Paying Attention to Pricing Trends

20:02 It’s Okay to Play With Your Pricing

24:41 Common Pricing Mistakes to Avoid: Undercharging

27:46 Overcharging

34:30 Not Pricing Items

37:56 Conclusion and Resources

Free Pricing Calculator: https://www.superseen.ca/product-costs-calculator

Free Expenses Tracker: https://www.superseen.ca/expenses-tracker

Handmade Markets Guide: How I Sold $70K+ Last Year: https://www.superseen.ca/offers/HtTfnnDd?coupon_code=NEWBEGINNER