
Prices should keep up
Costs rise over time, and prices set years ago quietly stop covering them. A considered price increase is not greed, it is keeping your business sustainable, and it is often long overdue.
Lead with value
Customers accept higher prices when the value is clear. Rather than apologizing, remind people, through your presentation and story, of the craft and quality behind the work. Confidence in the value makes the price feel fair.
Change prices cleanly
A clear, one time adjustment is easier to accept than frequent small creep. Setting a new price and standing behind it reads as intentional, while constant tweaking reads as uncertainty.
Accept some churn
A price increase may lose the most price sensitive customers, and that is usually fine. The customers who value your work stay, and you earn more per sale, which is a healthier business than serving everyone for too little.
- Prices must keep up with rising costs
- Lead with value rather than apology
- Make a clean, one time adjustment
- Accept losing the most price sensitive buyers
Know the real profit on every handmade order
Per-order shipping and profit calculator for handmade sellers. MakerLedgr is built to help you put this into practice.
See my marginsMore from the MakerLedgr blog

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