How to Price Your Products for Profit

So you are thinking about selling your handcrafted items? Congratulations. There is so much to consider but one of the most important things is pricing your products.  If you are not sure how to price your products in order to make a profit, you should read Erica Pence's blog posting on How to Price Your Products for Profit.  Erica breaks down the formula on how to determine how to price your product.  Since we are on the subject of pricing, you may also want to read her posting called 3 Pricing Strategies for Small Business.  In this posting Erica covers the subject of Premium Pricing, Neutral Pricing and Penetration Pricing.  Both postings have great information for you.