Dear Nita:\u00a0 To answer your question I have made this post because I think many will benefit from your question.<\/p>\n
Nita asked\u00a0<\/strong>“Hi my name is Nita and I already start a sewing business at my home. Like a part-time job. Just need some extra cash help out our bills. But I really need to know the right price for the product I made. I sew clothes like island dresses, ball dresses and top and skirt. I only sell it for $40 upward. I always think that the price it's not enough but I just don\u2019t know how to work it out to come up with the right price for my sewing product. I only cut and sew but my customer comes with there own material.”<\/em><\/p><\/blockquote>\nHi Nita, this is a very complex subject and one that requires some market research in the place you are operating. <\/strong><\/p>\nFirst, find out how your competition is operating.\u00a0 This is perhaps the most important information you can use to price your goods.\u00a0 You cannot charge what the market will not bear, but if you are far cheaper than what the market expects, customers may perceive your product as low-quality.<\/strong><\/p>\n Second, charge a higher price but offer a better service: like a shorter time to finish the product, better fit, better finish, and great communication\/attitude.\u00a0 People are always willing to pay more for a better overall experience.
\n<\/strong><\/p>\nThird, find out who your customers are, why they are having clothes made, and what are their specific expectations.\u00a0 If you meet the specific needs of your customers, you can charge higher prices.<\/strong><\/p>\nThe above paragraphs are my best and shortest answers, but at the risk of making my answer too long, I could not help myself but go into greater detail below.<\/p>\n
Find Out What Your Competition Is Worth<\/h2>\n
Know how much your competition is charging for their goods and services so you can select your price smartly.\u00a0 You will have to really weigh your skill and service vs. the competition. The aim is to give your customers a sense of fairness and will have them coming back, but will still leave you knowing that the work is worth your time.\u00a0 Charging too much may alienate a perfectly good customer that could be coming back for more.\u00a0 Charging much lower than the competition may harm your credibility.\u00a0 When in doubt, mirror the competition and see how it works out.\u00a0 After enough time, you will feel comfortable enough to tailor your prices specifically to your product.<\/p>\n
Knowing The Quality of The Goods Your Competition Is Making<\/h2>\n
Check out the quality of the work your competitors are making and improve on their weaker points.\u00a0 This practice will give your customers confidence in your product.\u00a0 Two of the most common weak points are:\u00a0“fit” and “finish”.\u00a0 I cringe when I see a horrid finish on “ready to wear clothes”.\u00a0 It amazes me what people are willing to pay for badly made clothes bought at a mall and then complain about the cost of handmade goods.<\/p>\n
Find Your Ideal Customer<\/h2>\n
Learn who you want to sell to.\u00a0 Who is your ideal customer?\u00a0 Why is your customer looking for hand-sewn clothes? How can you help your ideal customer build a wardrobe?\u00a0 In other words, learn to become a dependable expert in your work.\u00a0 Learn the reasons why your customers are looking for hand-sewn articles.\u00a0 Is it fit? Quality? Price? Attention? The Experience? Whatever it is in your area tap into it.<\/p>\n