Hat prices - Learn How To Make Hats Online | Hat Academy Millinery Courses2024-03-29T05:15:46Zhttps://hatacademy.com/forum/topics/hat-prices?commentId=6485913%3AComment%3A25833&feed=yes&xn_auth=noI came looking for this discu…tag:hatacademy.com,2022-06-23:6485913:Comment:3554782022-06-23T13:31:49.993ZMelissa Rathhttps://hatacademy.com/profile/MelissaRath
<p>I came looking for this discussion tonight as over the last week a workmate has been telling me I need to "flog off" all my pieces for $50 each to "build my image and get my name out there". Thank you to all the people who commented on this discussion so many years ago as many years after I originally posed the pricing question, I'm still looking for answers.</p>
<p>I came looking for this discussion tonight as over the last week a workmate has been telling me I need to "flog off" all my pieces for $50 each to "build my image and get my name out there". Thank you to all the people who commented on this discussion so many years ago as many years after I originally posed the pricing question, I'm still looking for answers.</p> so how much do you think is o…tag:hatacademy.com,2022-03-02:6485913:Comment:3536862022-03-02T14:04:42.567ZMaame Ewurabenahttps://hatacademy.com/profile/BettyOtabilDadzie
<p>so how much do you think is ok for an hourly rate in the Usa for a milliner.Now i think the starting rate is 16usd an hr</p>
<p>I wanna do millinery full time but my business is not very active.</p>
<p>so how much do you think is ok for an hourly rate in the Usa for a milliner.Now i think the starting rate is 16usd an hr</p>
<p>I wanna do millinery full time but my business is not very active.</p> It was great reading your com…tag:hatacademy.com,2017-04-19:6485913:Comment:2083172017-04-19T03:27:31.981ZSuzanne Williamshttps://hatacademy.com/profile/SuzanneWilliams
It was great reading your comment, for me, it was always hard to charge what I really needed to. My lecturer at Tafe was very strict on this point. People must know the work that goes into our creations, As a fellow Milliner, we have to stick together on this issue, well said Adrienne.<br/>
Suzy May Millinery
It was great reading your comment, for me, it was always hard to charge what I really needed to. My lecturer at Tafe was very strict on this point. People must know the work that goes into our creations, As a fellow Milliner, we have to stick together on this issue, well said Adrienne.<br/>
Suzy May Millinery Welcome Denise, this is aweso…tag:hatacademy.com,2017-04-17:6485913:Comment:2081252017-04-17T02:41:13.439ZElaine Mergardhttps://hatacademy.com/profile/ElaineMergard
<p>Welcome Denise, this is awesome! You can also access it online <a href="http://www.craftfairsuk.com/craft-calculator.aspx" target="_blank">here</a></p>
<p>Welcome Denise, this is awesome! You can also access it online <a href="http://www.craftfairsuk.com/craft-calculator.aspx" target="_blank">here</a></p> I'm new to this forum, and on…tag:hatacademy.com,2017-04-12:6485913:Comment:2075942017-04-12T10:08:37.250ZDenise Savillehttps://hatacademy.com/profile/DeniseSaville
I'm new to this forum, and only starting out but came across an app called the craft pricing calculator on the itunes app store.... which is very good
I'm new to this forum, and only starting out but came across an app called the craft pricing calculator on the itunes app store.... which is very good So happy to be reading about…tag:hatacademy.com,2016-11-13:6485913:Comment:1919692016-11-13T04:13:05.136ZJanet Andohhttps://hatacademy.com/profile/JanetAndoh
<p>So happy to be reading about pricing. I started some three years ago and still have an issue with pricing. Needless to say, my husband also says that I am seriously undercharging, but I do so for fear that I may not have anyone to buy from me. It's about time we knew what we were worth, if nothing at all, charging enough to cover the amount of hours we put into a creative piece.</p>
<p>Maybe we could post a few of our designs and each of us attempt to price it? Hopefully this will…</p>
<p>So happy to be reading about pricing. I started some three years ago and still have an issue with pricing. Needless to say, my husband also says that I am seriously undercharging, but I do so for fear that I may not have anyone to buy from me. It's about time we knew what we were worth, if nothing at all, charging enough to cover the amount of hours we put into a creative piece.</p>
<p>Maybe we could post a few of our designs and each of us attempt to price it? Hopefully this will motivate us .....</p> Don't forget to factor in you…tag:hatacademy.com,2016-07-18:6485913:Comment:1815712016-07-18T01:52:01.393ZDarryll Osbornehttps://hatacademy.com/profile/DarryllOsborne
<p>Don't forget to factor in your hat block costs as well. Sometimes your client may be willing to pay for the block cost, otherwise divide the block cost by how many hats you want to make to get return on that investment and add that into the cost per hat as well. A $300 hat block divided by say, 20 hats is $15 per hat etc...</p>
<p>And do not even try to compete with cheap imports. All that does is drag the whole industry down in value and quality. You Can't beat them, you don't want to join…</p>
<p>Don't forget to factor in your hat block costs as well. Sometimes your client may be willing to pay for the block cost, otherwise divide the block cost by how many hats you want to make to get return on that investment and add that into the cost per hat as well. A $300 hat block divided by say, 20 hats is $15 per hat etc...</p>
<p>And do not even try to compete with cheap imports. All that does is drag the whole industry down in value and quality. You Can't beat them, you don't want to join them, so aim higher, much much higher. Look for customers who want to and expect to pay a good price for a good hat.</p>
<p>You might be in it for fun and a hobby, but bottom line it is business...and that is to make money at the end of the day.</p>
<p>Cheers, Darryll</p> What an interesting discussio…tag:hatacademy.com,2016-07-04:6485913:Comment:1812432016-07-04T01:40:49.214ZAdrienne M Bennetthttps://hatacademy.com/profile/AdrienneBennett
<p>What an interesting discussion about pricing. I live in USA. I have been making and selling hats since 2004. I have learned a lot about myself through this process. My business plan was to make and sell the best quality hats I was capable of making at a fair price.</p>
<p>Now I realize that was a flawed plan because what I thought was a fair price did not match what most people think. In the US most people are comparing a hand made hat to a factory made hat in China. They have no clue what…</p>
<p>What an interesting discussion about pricing. I live in USA. I have been making and selling hats since 2004. I have learned a lot about myself through this process. My business plan was to make and sell the best quality hats I was capable of making at a fair price.</p>
<p>Now I realize that was a flawed plan because what I thought was a fair price did not match what most people think. In the US most people are comparing a hand made hat to a factory made hat in China. They have no clue what skills and materials are involved.</p>
<p>My new business plan is still to make the best hats I know how but I price them based upon the idea that my hats are worth top dollar. I have branded myself and worked on my sales pitch. People love a dream that I had and followed through with that of teaching myself how to be a milliner. That is what sells my hats along with the look of the hat and how well it looks on my customers. If they fall in love with my hat and my ideology the price really is inconsequential.</p>
<p>I have really priced my hats higher by a 100.00 this past year. I have sold fewer but made more money over all. They now cover expenses and some profit. I realized that I don't need to justify my pricing because the hats look exceptional and unique compared to the factory hats.</p>
<p>I met another milliner and she has fantastic advertising skills. She has great taste too, but as I looked at her hats I realized that her techniques are not there yet. She is doing very well because she has great advertising and self promotion skills. I admire her. She will be going to the top.</p>
<p>This made me rethink my own situation. Why am I not self promoting if my hats show better technique. Why of course it was me holding myself back. So stop nickel and diming yourselves reach for the top if you think your hats are really special.</p> This was really helpful. Than…tag:hatacademy.com,2016-06-09:6485913:Comment:1794762016-06-09T07:05:05.071ZIbhade Ijagbonehttps://hatacademy.com/profile/IbhadeIjagbone
This was really helpful. Thanks so much
This was really helpful. Thanks so much Second chapter from the Craft…tag:hatacademy.com,2013-03-17:6485913:Comment:447702013-03-17T11:20:04.331ZElaine Mergardhttps://hatacademy.com/profile/ElaineMergard
<p>Second chapter from the Craft blog...</p>
<p>2. Price with the Heart<br></br><br></br>There’s more to price than the basic in and out formula. Why do you think Apple has such a huge profit margin compared to other tech companies?<br></br>It ain’t because their materials and labour costs are way lower. No, it’s because they’ve built a brand that enables them to charge twice as much for pretty much the exact same technology as their competitor – and their customers are not only happy to pay, they’re…</p>
<p>Second chapter from the Craft blog...</p>
<p>2. Price with the Heart<br/><br/>There’s more to price than the basic in and out formula. Why do you think Apple has such a huge profit margin compared to other tech companies?<br/>It ain’t because their materials and labour costs are way lower. No, it’s because they’ve built a brand that enables them to charge twice as much for pretty much the exact same technology as their competitor – and their customers are not only happy to pay, they’re ravenous, raving fans, just dying to drop another wad of $$ on the new model eye-phone, even when their ‘old’ one works just fine, thank you very much!<br/><br/>That, my friends, is the power of branding, and that is where pricing with the heart comes in.<br/>You need to start looking at your brand from the outside – through the eyes of your customer. Visit your shop and pretend you have never been there before. That it’s just a shop you’ve stumbled upon while browsing Etsy. Even better, pretend you’ve stumbled across your band on a stand-alone website, or in a retail store! (Etsy can sometimes have the issue of making people expect artificially low prices.)<br/><br/>What does it say to you?<br/><br/>Does it say ‘professional artisan’?<br/>Does it say ‘high-quality craftsmanship’?<br/>Does it say ‘unique, exclusive design’?<br/>Does your brand scream ‘cheap’ or does it scream ’boutique’?<br/>I want you to be intentionally blind to the prices – blind to the fact that you make these things. I want you to pretend you’ve never made one of your whatevers, and that you don’t have the skill or the inclination to make it.<br/><br/>What would you expect to pay for it? What would you be willing to pay for it?<br/><br/>Take this to another level. Are you even your target customer? Because hey, maybe your target customer is someone who is willing to pay WAY more for your whatever than you would. What might someone really be willing to pay for your wares?<br/><br/>A good way to research this is to show your product to friends or family. Especially those who are a little bit removed from what you make. Ask them – ‘if you saw this in a shop, what would you expect to pay for it’? You might be surprised.<br/><br/>I’d like to let you in on a little secret.<br/><br/>I actually raised my prices 2 times last year. The first was a small, 10% rise in April. The second was a much more dramatic rise in September (and honestly, I have to thank Megan’s talk at the Artful Biz Con for finally giving me the push I needed to take that step).<br/><br/>For example: at this time last year, I was a pair of sterling silver earrings for $22 ($22!! I seriously can’t believe that figure now – SO low!). Then it was $25. Now it is $35, and I’m much more comfortable that I’m on the right track with my pricing. Another atrisan would probably tell me off – tell me I should be charging about $60 retail for them – but I’m not quite there yet! Like I said at the beginning, you’re never ‘done’ with pricing.<br/><br/>In the first 2 months of 2013, I sold around the same volume of jewellery on Etsy as I did this same time last year. (I sold a lot more overall this year because the business on my own website is much, much higher now). However, guess what? My revenue – the money I earnt – from those same volume of sales? It’s DOUBLE what I earnt last year. Therein lies the power in raising your prices to what you and your work is worth.<br/><br/>Not only that? I am much more comfortable with my prices now. I am a professional artisan. This is my livelihood. I have years of skill and practice. I make an excellent, quality product. And my prices reflect that.<br/><br/>Do yours?<br/><br/> <br/><br/></p>