They are being replaced with small teardrops, which are available now. I have improved upon the mini-teardrops – the small size is 20% larger, and they last about three times longer, and the wick is a more suitable size. These are still available at the introductory price of $10 each. This has almost come to an end, and I will be raising the price of them on Monday to $14 each, to reflect the true cost of creating them. I will also be increasing the prices of the Valentines Hearts, Floating candles and Hand-dipped tapers at this time as well. I been revising my wholesale pricing to make sure it is sustainable, which means I need to raise the retail price as well to keep them in line. You have got until the end of Sunday the 3rd July to take advantage of my current prices – either at the Winter Encraftment Market, or on Felt.
It is a good idea to review your pricing every now and then. Unfortunately it usually means an increase in retail prices. I know my jewellery making and bead making costs have doubled since I started. In fact, sterling silver has tripled. One day we may be able to offer our customers a reduced retail price.....just maybe.
ReplyDeletegreat incentive to go shopping :-)
ReplyDeleteBobbie – My main component of pricing is time, and I often base this on the 'ideal' time I think it should take me to make a product. At the beginning I'm making prototypes of one or two, so I do have to guess how much time a batch would take. Eventually reality wins out and I have to use the actual time it takes.
ReplyDeleteJacber – Definitely!