I’ve been pricing items to sell at my craft fairs and have some thoughts about why this is so difficult.
1. I am not “just making back the cost of my supplies” so I can have bragging rights about how much stuff I sell.
2. If an artist is selling their items and not worrying about profit, then it is not a business, it is a hobby. Hobbies are fine, but if you undercut those who are trying to make a living, then maybe you need to rethink what you are doing to your fellow (women) artists.
3. Figuring out how much it costs to make an item for sale to figure out how to price it is only a starting point of pricing. Factoring in the time it took to create the art is a consideration, but in reality part of what you are paying an artist for is their talent, the gift they have of putting that talent into a piece of art that you love.
4. It is important for people to remember when looking at a piece of artwork Made in America, that we cannot compete with handmade objects made in third-world countries by very poor people who are taken advantage of. When you Buy American made things from an artist/crafts person, our standard of living is not in a third world country and you are helping to support the American dream of buying from a small business person.
5. We are grateful for every single purchase because that purchase is helping us to continue to create art and to follow our dream of having our small business survive!