Craft fair pricing debate: my neighbor's $5 policy vs. my $25 approach

Had a chat last weekend with my neighbor Carol, who sells handmade soaps at the local farmers market. She thinks pricing everything under $10 is the only way to move product. I told her my crocheted blankets sit at $25 a pop and I do fine. She said I'm pricing myself out of the market, I said she's undervaluing her work. Now I'm second guessing. What do you all think? Is it better to keep prices low for volume or stick to higher margins and sell less? Has anyone found a middle ground?

2 comments

2 Comments

verap5216d ago

Is a craft fair really that serious that you need to stress over five bucks either way?

sanchez.mary16d ago

Maybe the five bucks is the difference between breaking even or not for some of them.