My main problem is I can never keep up with my stock
This, I believe, almost always calls for a rise in pricing. When I
started wholesaling, I had to raise my retail silver prices to
match, and ended up selling more $ in retail than I had before, and
at less of a cost for materials. It worked for me! If you are working
as much as you can, how else can you make more money? HTH,
M’lou Brubaker
craftswomen.com/M’louBrubaker
Richard,
Take the advice a friend gave me years ago. raise your prices 10%
every 6 months until orders start to drop then hold it there for a
year and then startraising it again. Keep repeating this and you
will be surprised how much more you will make and how much less you
will have to work. thus having more time to play and make more
exciting jewelry. I was able to retire after 18 years. Good luck and
never forget that you do this because you Love doing it…
Hi Mlou and others
The problem is that I live in a poor rural area and they don’t want
to spend much money.
Yet when the tourists arrive they tell me how inexpensive it is. And
buy a lot.
Some pieces such as my reticulated rings have had big price
increases and has not stopped the sales.
But the customers can not compare this with any thing else.
I am going to put my prices up to 75% of chain store retail, and if
they don’t like it too bad. There will be enough tourists to buy when
the 4 tourist seasons roll by.
I will do this by increasing stone sizes so they will be bigger than
the chain stores and the increase in production cost will be minimal.
Richard
Richard- Why only sell locally? With Fed Ex and the internet you can
expand your clientele to other places and people with more money to
spend. Tim and I do most of our best biz out of town. There are lots
of rich folks here in Oregon, but they tend to dress very casually
and don’t go for a lot of big bling. Texas on the other hand…
Find a shop or gallery in a city where there is lots of tourists and
money. Consign there.
Have fun and make lots of jewelry.
Jo Haemer
timothywgreen.com
Hi Richard,
I live in a poor rural area, too. My neighbors seldom buy my
jewelry. But the tourists do! Price for them. You have to live with a
seasonal income flow that way, but think of it as time to create, in
the off months. Works for me.
From northern Minnesota,