I have mentioned in the past that I receive quite a bit of feedback from friends, family, and other concerned persons that my prices are too low. Now I expect my friends and family to tell me this. They love me and may be a bit biased. However, they are not the only ones telling me this.
I have mentioned (in previous posts) that I agreed. I believe that the skill, and creativity I put into my work is definitely worth more than I have been charging. And I have told you about my strategy to start low; let people get to know me and my work before charging more.
For me, pricing is one of the hardest parts of this business. I have been on forums where many other artists seem to have the same problem. My conclusion is that one must try the formulas, and a bit of trial and error.
I have given this a lot of thought. I am officially raising my prices. Not a whole lot in most cases, but yes, I am doing it. I have decided to leave items previously listed at My Etsy Shop at their old prices. As I list new items, however, I will price them according to a new higher scale (in my formula). Postal costs have recently risen, and I have lost money on shipping, so some of my shipping charges have also gone up a bit.
So, it may be that you will find (in my shop) an item priced higher than one that is very similar. I hope this announcement will help prevent confusion.