To increase my prices?

[JulietMadeChutney]

I have recently started selling limited edition prints or my drawings on Etsy. So far going well - been doing it 8 weeks - average income £200 a week, sold about 9 a week.

I popped on here earlier this week (for some help with some retail advice as been approached by a local shop for them to sell them) and several people said I was undercharging. Several people IRL (not friends/family) have also said the same. So I need to try and gauge if I need to put my prices up. Often too low a price can be as off putting as too high a price.

I sell currently at
A5 - £15.00
A4 - £17.50
A3 - £25.00

Prints are Gilcee/Fine Art quality with certificate of authenticity.
Postage is included.

General consensus is I should raise prices to more like
A5 - £20
A4 - £25
A3 - £30

I have attached a couple of photos of the kind of stuff I do.

So, I know they won't be everyone's taste. But If you could pretend you did like them - or that they would be a perfect gift for your sister because she loves cows/hares/boxing- what would you be willing to pay?

First time at enabling voting.
YABU - keep your prices at £15.00 -£25.00 depending on size - I wouldn't pay more

YANBU increase to £20.00-£35.00 depending on size, I would pay this.

Any other pricing comments welcome.

Thank you

@Sansaplans

They're really good OP. I would say the answer is up to you! Etsy attracts a wide range of buyers in my opinion, it's a balance of getting a fair price for you, and not pricing people out; as great as they are, there is a lot of competition on there. You need to really work out your printing and postage costs, the time, materials etc and go from there. If you are content with making x amount then I would stick with it, if you are keen to expand and make more of a living off of it, then certainly raise the prices and see. Be mindful of the implications and extra obligations of selling through a physical shop as well, especially if the plan is to be prints rather than originals. It's an exciting opportunity, but please get some advice.

I agree. Retail is a whole new ballgame - and have been learning (one source through here - so thank you MN) about the issues of Sale or Return/commissions etc.

Am meeting with a local (very respected) interiors shop later this week. They have been very upfront with their commissions (very reasonable) and have some great ideas. I also know and trust them.

They are also relatively discerning and limited about what they stock - a few high quality pieces from local businesses rather than jam the shop full of everything going and hope something will sell.

Sounds good OP :) all the best with it.

Arrived this evening - they're amazing, thank you.
Now I need to wait for my favourite frame shop to open!

Definitely put your prices up - were the shop that you're talking to able to offer advice on pricing?

Also, having looked at some birthday cards while on Etsy, had you thought about making prints into cards?

Test the market, see how many sales you get at a higher price. If they drop then drop prices back down. May be better trialled in Etsy for a couple of weeks.

I have nothing useful to add op but just wanted to say you are seriously talented and I would 100% pay for you to turn our family pets in to art (I’m not referring to the £20 people would try and get away with, I mean your in excess of £100) I really am blown away by your skills and I was squinting at the beginning trying to work out if your pictures were photos (I was zooming in and everything, and I have “perfect” eyesight).
I guess what I’m saying is there is money to be made from people a bit obsessed with their pets and also agree with the card print suggestion.

Just popping back to say with a quick update. My meeting with the local shop went really well. They agreed with @lighteincastlewindow - to stick with the animals. Though we all agreed there maybe some legs in doing ink drawings of town/local areas but with a view of doing greeting cards/postcard sized prints of those - not limited edition.

And they are going to "launch" me as one of their new artisan suppliers once shops are open. Sale or return (expected) but happy with the commission and working with them. And they will put commissions my way.

And yes, prices will be going up. (Plus will offer mounted in store).

So am quite excited.

@EveryDayIsADuvetDay I am so glad you like them. Thank you for ordering.