…building a creative business: pricing

I know pricing is a big concern for us. We put so much work into creating, marketing and selling. We need to make sure we are making money for our efforts or else we will get burned out. It’s kinda like caring for your baby. At the end of the long, exhausting day we need to see a drooling smile to rejuvenate us and help us do it all again the next day. How about these three little rules that have helped me.

1. Factor in your materials.

Materials are expensive so make sure that when you are pricing out your product to factor these into your cost.

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2. Know your market.

Make sure that you know what your product sells for IN YOUR AREA. If you price too high then people may opt for a different shop to save money. Chances are there are many people out there doing what you are doing and we are all looking for a good price when we buy items. However, if you are too low, shoppers may also think that your item is not as…”special”. I know that if I buy a shirt from my favorite shop I am going to treat it better than if I buy something in Target on my way to pick up the wet cat food. There is room for experimentation here.

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3. Pay yourself.

By this I mean labor. Oh, the labor! I don’t have a formula for factoring in my time, but I know that I put a lot of effort into my work when I could be finishing up a book or chatting with neighbors. I could be napping for goodness sake! Be sure you give yourself a percentage that is not the materials, marketing or raw piece you may use (if painting).

I love you so much for turning your creative talent into a business! You are amazing and you are meant to make money from all your work.

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…building a koi pond

It’s not all paint and furniture over here in our nest. DH and I love a good project. Many times we are inspired when we are sitting on the porch on a Friday evening in relief that the week is over. It is not until Sunday when we are completely drained still that sometimes we realize we were very, very ambitious. The koi pond was no different.

As you know DH is very, very crafty. I tease him that he needs to quit his important job as CTO and come work for Blue Egg Brown Nest. We could do amazing things! One day, maybe.

We have this great, little space near our front porch that sadly became a place for bikes, scooters, bubbles, bubble wands, helmets, etc. You probably have one of those too. It was also the perfect place to foster my childrens’ love of nature. Koi! Dig it deep, dig it now!

Despite how many times Dear Husband told me that this was a massive job, I did not believe him. A hole, some water and fish.

It started out a whole lot messier than I had imagined.

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Mud?! Apparently you have to dig at least 3-4 feet.

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Monday quickly came and we had to wait a whole other week for Phase II, which went something like this.

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A very expensive liner that looked like a trash bag to me. We also installed a little fountain so we needed a pump to circulate the water.

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Lots of tools, framing, stone and some designing. I went shopping at a garden store and really wanted to come home with this one. It was $1,700 so that was not happening.

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We are on Phase III, weekend III and still have no fish to show for it. All the neighborhood kids are impatiently waiting and am I!

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You will certainly meet our fish once we have them!

 

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