Modular economics

[featherynscale]

I actually sold a piece of jewelry today, and have a commission to make a companion piece. The piece I sold today was a peridot and pearl choker with sterling accents, and she wants an anklet to go with. So that's nice.

Apparently, though, I'm pricing too low -- today's sale continues a trend of people offering me more than I'm asking for, which is also nice. My usual heuristic is 3x materials costs, but this one went for more like 5x materials. I wonder if I can get that on a regular basis?

Comments

[featherynscale.livejournal.com]

Huh. OK. My goal in pricing is generally to come up with something that covers my materials and sort of reflects what I'd pay for the piece. Maybe I'm just cheap.

[triadruid.livejournal.com]

And, if you allow yourself to be haggled down from 4-5x, you look like the good person, instead of making the customer wonder why it's "only" 3x.

Or so I hear.

[chainwoman.livejournal.com]

Don't get me wrong. I like cheap and your prices are probably what everybody else should be charging. So, more money for you???