UNDERSTAND PRICING!
- what is your cost of material
- what is your time worth or better yet how much would it cost you to pay someone else to create…your time is worth $
- add a basic profit (this will be lower when you first start)
- So now you have determined a wholesale price so you want to put into a gallery or store
- Double the price you sell to the public- no gallery or retail will handle you if you undercut them…
- Remember big bucks are earned and what the market will bear will help to determine pricing if you think it’s worth a million bucks make sure someone else (other than your mother ) agrees. I find new artists usually under value their worth!
