Basically, the bag is worth whatever people are willing to pay you for
it. Also, you can sometimes make more money selling to fewer people at
a higher price, than you can to more people at a lower price. I'd
certainly recommend that strategy for one-of-a-kind handmade items.
Presumably you don't have time to make all that many, and consequently
don't need a huge number of customers. If these are made by US
residents and for sale rather than as homemade gifts, they are usually
very expensive.
You need to find the segment of the market that will pay what you
charge--anyone who wants items priced like India imports is not your
maket--and concentrate on that.
I don't know what your bag looks like, but I personally would not expect
to pay _less_ than $100 for a hand-embroidered item that is not a cheap
import.
Note that hobbyist costumers fall into two categories--the kind who will
spend almost all their spare cash on their hobby, and the kind who want
or need to do everything at the lowest possible price. You want to
target the first category.
Fran
Lavolta Press
http://www/lavoltapress.com
Bjarne og Leif Drews wrote:
Hi
Just curious,
I know that things are cheap in america, but also wages are cheap
Here in Eurpe, we pay 25% for all goods and pay almost 45% from our
income.
This makes everything expenive
Do you consider my bag for 100 dollars cheap or expensive?
Globalisations is catching up on us.
God or bad?
Bjarne
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