Money may not be able to buy love, it’s true, but it certainly can help a young business grow. When first selling your wares, it maybe be hard to strike the right balance of making your products affordable and paying yourself enough to keep going as an entrepreneur. Factor in cost of materials and market competition and it becomes even more difficult.
It’s hard to put a price on your life’s work, but it’s possible — see how 14 of our Top 50 Etsy Parents set prices for their handmade goods.
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Charge what you're worth
You have to remember: most people are supporting a family or themselves on this income. It’s not a hobby. These things pay mortgages, send kids to school, and put food on the table besides. More of a customer’s money is going directly to the maker or designer than would be if they bought it through a big-box store, so it’s a better deal in that sense. But people have gotten used to mass-market prices of things made in sweatshops or high-polluting factories. So there’s some reconciling to be done there.
—Katie and William, Oh Dier
Want more from Babble’s Work/Shop series? Check out our past features below:
22 tips on pursuing your passion
15 reasons to start a business right now