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Old 09-10-2011, 12:08 AM   #11
Luna Lair
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Re: Price formula

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Originally Posted by grinnellian2001 View Post
I see a lot of vastly underpriced work on ETSY. I agree with previous posters that it is better to charge a premium and make slightly fewer sales. Perception is 9/10ths of value and most shoppers will pay a bit more for something if they really want it--price is rarely the motivating factor with non-commodity items (which certainly includes just about anything handmade).
Perception is reality! Think about the diapers you buy. If a diaper is priced at $5, don't you ask yoursel, "Am I going to get a $5 diaper? Do I get what I pay for?" i think that all the time.

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