Working as an independent artist/businesswoman – & not having someone around in person to sound off on – I read with great interest this week Barb Macy’s Part 1,2 & 3 of her journey as an artisan.
I’m a fan of Barb’s work, in particular her Karma line (the simplicity of the design & the idea of Karma) and her Mother/Grandmother bracelet.
Part 1 – The Life of a Struggling Artisan – spoke to me particularly loudly. Pricing is an issue I always struggle with. Even though I have my formula to help me arrive at the final dollar value of the piece I have designed, I often wonder if the price is too much, or too little.
I work on the principle that if I have to replace the materials used in the particular piece, what would it cost me?
I had just (that afternoon) finished a necklace using freshwater pearls, Czech glass beads & a simple vermeil ‘S’ clasp. When I calculated my selling price, I paused. Was it too much? But to replace the materials, & my time….?
The other principle I work with? If someone loves the necklace enough… they will purchase it.