Having trouble deciding on prices for your handmade products? our articles will guide you on best pricing practices.
Handmade entrepreneurs, when starting out, often make a handful of common mistakes with their pricing. This can be a result of undervaluing their work, mis-underestimating their time to create, and also not fully calculating their costs of production.
Markup is essentially the amount added to your production cost price to arrive at a recommended selling price. It is a commonly used technique to use in determining how much to charge for your products as it ensures that you fully factor in the expenses involved in producing your products.
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