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Quilt Pricing - What if People Don't Want to Pay Enough?
Recently,
I received the following question from one of the Quilting Business community
about pricing her hand quilted quilts:
Love
your newsletters and also your e-course. My question is this: I live
in a mid-west town of about 20,000. I make beautiful quilts, hand quilted
(7-9 stitches per inch). I make baby quilts, throws, pieced, pre-made
tops -- you name it I do it. But no one seems to want to pay the price.
I have done web research and feel like my prices are neither too high
nor too low. Could it be the economy or ???????
Reba Johnson
Carthage, MO
Here's my
response to this question...
Hello Reba,
I hear the same complaint from a lot of quilters, especially hand quilters
who spend a lot of time and put a lot of effort into their quilts - they
can't seem to charge enough for their quilts based on the time they put
into them.
It could be that your local economy won't support high-end quilt pricing,
and you may need to do one of a couple of different things:
1. Start
using a sewing machine to piece your quilts so that you finish your quilts
faster. This will allow you to charge less for your quilts since you have
less time in them.
2. Expand your area for quilt selling. Is there a larger town or city
nearby that you could visit and possibly sell your quilts in? If so, there
may be some small craft shops or consignment stores that will carry your
quilts. But be careful - you need to draw up and agreement, and retail
stores and consignment shops take a big chunk of the selling price (sometimes
30% to 50%), so you will need to price accordingly.
3. Look for some large craft and quilt fairs in your area. At these events,
there are people looking for high end items (as well as many looking for
smaller, less expensive gifts). If you spend some time travelling the
craft and quilt show circuit, you'll start to get a feel for what sells
and be able to gear your work that way.
4. Start making smaller, less expensive items. If you do baby blankets
or other items that are not quite as large, you may be able to get a good
price for your items and charge less than for a full sized quilt.
5. Develop a niche market for your skills. Perhaps you could specialize
in photo quilts or t-shirt quilts that will be customized for a particular
person. People expect to pay more for work that is customized for them.
6. Finish other's quilts for them. Offer a service where you will quilt
other people's tops and finishe them with batting and backing. Charge
depending on the complexity of the stitching and how large the project.
7. Use marketing to differentiate your quilts. If you have something truly
unique, let people know through marketing. Issue a press release to your
local paper. Develop brochures that talk about the quality of your quilts
and all the work that goes in. A good story goes a long way towards being
able to charge a premium price.
Hope this helps,
Chuck
If you have
any questions about your quilting business - whether just starting out
or looking for a boost with some solid marketing or business advice -
feel free to send me an email at chuck@quiltingbusiness.com.
Chuck
Smith is the owner of QuiltingBusiness.com,
the web's only site dedicated to helping you make money with your quilting.
Visit QuiltingBusiness.com
today to sign up for the FREE email mini-course: "7 Unique Ways
to Make Money with Your Quilting."
PLEASE
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