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The Maker's Way
Shawna Murphy
21 episodes
5 days ago
I help you start, grow and scale your handmade business.
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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.
Show more...
Entrepreneurship
Business
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EP 6: Sweet Spot - Finding Your Ideal Product Prices
The Maker's Way
31 minutes 19 seconds
7 months ago
EP 6: Sweet Spot - Finding Your Ideal Product Prices

In this episode I talk about how important it is to find the “sweet spot” of pricing for your items: the balance between your item selling really well and making a healthy profit margin. 

00:00 Introduction to the Makers Way Podcast

00:54 Finding Your Sweet Spot in Pricing

03:09 Calculating Costs and Setting Profit Margins

07:12 Testing Your Pricing in Real Markets

12:06 Adjusting Prices Based on Customer Feedback

17:23 The Importance of Customer Reactions

21:28 Real-Life Examples of Pricing Strategies

28:33 Final Thoughts on Pricing and Selling


Free Pricing Calculator

6 Questions I Ask to Figure Out If A Market Is Right for Me

Beginner’s Guide to Selling Handmade At Markets


Please leave me a review if you liked this episode!

The Maker's Way
I help you start, grow and scale your handmade business.