Pricing Your Handmade Products Profitably Workshop
A hands-on online workshop to empower you to price profitably. You’ll leave knowing:
- The minimum profitable price to charge for some of your items.
- How to calculate it for the rest of your range.
- How to adjust it for wholesale, retail, and supply cost changes.
£25.
Do you feel like you work all the hours for little reward?
Your pricing may be to blame!
Have you checked lately to make sure every item you sell is making a profit? If you have any loss-making products, that should be a deliberate decision, not an accident.
In this hands-on online workshop, we'll calculate the actual cost of your products.
We will NOT simply double or triple the cost of your materials. That rule of thumb doesn't take into account the different overheads, processes, and profit margin needs of different businesses and individuals.
We will include your:
- Materials
- Time
- Overheads
- Profit margin
If you sell wholesale and retail, we'll consider how to price sensibly and profitably for both.
You'll come out of this workshop:
- Having calculated the minimum profitable price for several products you sell,
- Knowing how to calculate it for the rest of your range, and
- Knowing how to adjust it if your costs change.
Numbers are strictly limited, so book now!
This workshop is suitable for any UK-based trader (sole trader, partnership, limited company, etc) plus those who have not yet started their businesses.
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Joanne Roach (verified owner) –
This workshop was incredibly helpful. I have been selling products for quite a while now, but always have to do lots of “back of a fag packet” calculations every time I work out my pricing. If I’m honest I often have an uneasy feeling that I am not charging the right amount for some of them, or that I am not tracking my profit margins properly. I wanted to understand my pricing properly and thought I’d try out Sara-Jayne’s workshop because I know she works with small businesses and people who make their own products as well as bigger businesses.
The workshop was brilliant! She went through all kinds of concepts but in a way that I could really understand and didn’t make me feel foolish for the bits that I didn’t quite grasp at first. We walked through some pricing psychology that I can definitely use on my website, and looked at some different ways to calculate costs when you sell on lots of different platforms. There was definitely something in there for all the scenarios I was worrying about.
Best of all, she provided me with a spreadsheet that was already set up for me to do calculations from so that I can go away after the workshop and enter my products in. We entered one product during the workshop itself so I was able to check that it would work for me and I have set aside some time to put the others in. It has taken such a lot of work off my plate having the spreadsheet set up exactly the right way for a business like mine that makes things for different audiences.
The two biggest takeaways that I got from the workshop is that I am not respecting my time properly and need to make sure that I am factoring that in more to my pricing, and that I shouldn’t be afraid of looking at my product figures, because if I find out something that I don’t like in them, I should be working out what to change, because they are not serving me well.
Highly recommended if you are a bit overwhelmed by the idea of investigating your pricing and want someone who is expert and experienced to walk through the process with you and provide you with tools to do the rest.
Most of all, recommended if you want help from someone who passionately cares about you making a good living from the thing that you do, and wants you to succeed.