Wednesday, February 27, 2008

Not Selling Your Art? Raise Your Prices!

I've actually gotten this advice through various sellers in many forums. We've been having trouble selling our Swarovski jewelries and everyone advised me that I need to raise my prices. I thought that was the weirdest thing I needed to do, I initially thought that simply no one liked my products, or even the opposite, that my jewelry was too expensive. Raising the price would throw the laws of supply and demand out the window, right?

Well according to Clint Watson's Blog, he gave the same advice - if your art is not selling, raise the price! He gave couple examples of how that actually works. Apparently by raising your price, subliminally it makes your art "seems" better. I guess it's all perspective. Something expensive must be great, and if the art is cheap, it might appeared to be shoddy.

Well we raisedour Swarovski bracelets from $24.99 to $34.99 and am thinking of raising it even more. Frankly for us, the tiny raise in price did absolutely nothing - but perhaps it's because the jewelry market is so over-saturated these days and getting exposure amongst millions of other jewelry sellers are pretty competitive.

We would love to know if anybody has some experience in raising their price and whether or not that worked out for you.

Oh and of course, you can buy our jewelry at www.daibebeads.com or www.daibebeads.etsy.com.

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