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Post by Deleted on Nov 14, 2014 22:22:41 GMT
Hello everyone. Since I visited the Arts Place (where I Teach at) last week my fingers have been very busy. They invited me to bring in some of my felted pieces for their Christmas Art Show.. I have never sold anything I have ever made so this will be my first attempt... The big day is Sat. The 15th. Tomorrow.. Smile. I have decided to take a felted soap...a felted flower or two... and I made a special needle felted landscape with a holiday theme.. I call it "Coming Home".... It is 11 inches by 9 inches oval.. I used lots of Firestar to make it sparkle. I searched and looked at many etsy site to see what a comparable needle felted landscape would cost and I did not find any as detailed as mind but the average pricing seems to be from $75.00 to $135.00 to as high as $250.00... I even saw on landscape that was only 5 inches by 5 inches that was British lbs. 240.00 and have no idea how much that would be in American dollars??? But seem very expensive to me... None had any embroidery or a 3 D look... So I would greatly appreciate any advise..just a general range... I still need to stitch a couple of wee thread hangers on the back... Thanks for taking the time to help... feltingandfiberstudio.files.wordpress.com/2016/09/zhamgkq1c4km0txwgng3.jfeltingandfiberstudio.files.wordpress.com/2016/09/vdhxndk6tbox4afoh3fn.jpg |
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Post by luvswool and dyestuff on Nov 14, 2014 23:18:28 GMT
Your landscape is wonderful, Judy, but difficult to set a price. I have listed my scarves on Etsy but not artwork and would not have an idea of how to begin to price it.
One recommendation, though--bring more soap and flowers than you think you can sell tomorrow, and good luck!
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Post by Pandagirl on Nov 15, 2014 0:23:40 GMT
Judy, I haven't sold any of my work either, so I'm no help there either. I think Cathy's suggestion is a good one. People are more likely to buy something unique at a lower price. The landscape is lovely. Good luck at the sale!
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Post by MTRuth on Nov 15, 2014 0:24:44 GMT
Good luck on your sale. I would suggest in the $75 - $150 range. I know that is a wide range but it depends on your area more than anything. I usually price something that size at about $100.
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Post by lyn on Nov 15, 2014 7:59:36 GMT
The firestar really makes the piece so right for a sale today just before Christmas - good luck.
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Post by Shepherdess on Nov 15, 2014 13:23:03 GMT
where you live is a big part of it. The higher end peices may be mounted and they may be by a known artist. I would not underprice it, If you don't value your work no one else will either. If its a known art venue I would not go with the lowest end.I think I would go for the $100, Ruth suggested. You could always adjust the price up or down when you get there if you find you are way outside what other artists are charging.
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Post by Frances on Nov 15, 2014 13:33:14 GMT
I saw a piece yesterday at a bazaar that was about that size that was wet and needled felted for $45 (in Florida)
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Post by zed on Nov 15, 2014 16:47:01 GMT
I was going to say something similar to Ann, have a look round at other prices. If understand the undervaluing aspect of it, but if selling it would give you a confidence boost, lowering the price to make it more likely to sell is an option. It looks great, so does the back, the back of mine all have foam stuck to them  |
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Post by Teri Berry on Nov 15, 2014 18:49:08 GMT
How did the sale go Judy? I hope it was a success?
On the question of pricing I generally charge £7-10 ($13-15) per hour of my time depending on what skills it needed (felt soap would be at the lower end, detailed pictures or physically demanding large pieces at the expensive end), then add the cost of materials and cover cost of any insurance, power you have used, wear and tear on your equipment. Then the percentage that your venue will take (e.g. 10% for Etsy because you have to pay both Etsy and Paypal fees).
An example of a wall hanging I made:
4 hours to make it = £40
200g wool = £5
soap, hot water, bubble wrap, towels, lighting = £2
Public liability insurance = £1
total = £48
Add 10% for selling fees = £52.8 is the absolute minimum I can sell the product for. If you are thinking of selling in the retail space you will need to double this figure to account for the percentage the shop / gallery will take. I expect that is at least part of the reason why some of the works you look at appeared to be so expensive.
Then I get very subjective and think "how much do I like" and INCREASE the for sale price accordingly (never reduce the price because you don't really like it!)
As others have said if you don't value your work no one else will. That is so very true. Leonor posted a link from an interesting site that advised pricing several similar pieces at very different prices to see what your "selling point" should be, they were adamant that people won't buy the cheapest piece because they perceive it to be "cheap tat".
BTW £240 = $376 US - not sure I would pay that much unless it was a truly stunning hanging!
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Post by Pandagirl on Nov 15, 2014 19:41:34 GMT
Excellent business advice Teri! People tend to forget the overhead involved when pricing. I love your idea of how much I like it and price accordingly. :-)
Finding a pricing point is standard business practice for manufactured goods, it's not a bad idea to test the waters for creative work either.
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Post by Pandagirl on Nov 16, 2014 1:19:37 GMT
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Post by Shepherdess on Nov 16, 2014 3:19:03 GMT
don't forget framing if it's framed. and the gas to take it and pick it up. and gas to get it to a show or store.
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Post by Frances on Nov 16, 2014 15:08:25 GMT
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Post by zed on Nov 16, 2014 16:37:33 GMT
I worked out I'd have to charge about £80 for one of my book covers with clip fastening if I just counted hours worked on it alone.
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Post by Shepherdess on Nov 16, 2014 16:59:01 GMT
You definitely need to know your market. All the artists I know say you can double your prices in Toronto. I imagine it would be more in NYC.
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