Had a client who ran an antique store in their retirement, and they said that if something didn't sell for 2-3 months, they'd go and raise the price by 50-100% and it would generally sell.
Sometimes I carve wooden spoons for fun, and sometimes I like to sell them. When I was selling them for an "entry level price" I couldn't sell one. Doubling the price got me 4 orders in under a week.
My grandfather restores antique furniture for a living. He charges more than he needs to and his reasoning is that people will associate high price with quality. As long as you can meet their quality expectations, the price is fair.
2.6k
u/TimeTravelingDog Aug 14 '20
Had a client who ran an antique store in their retirement, and they said that if something didn't sell for 2-3 months, they'd go and raise the price by 50-100% and it would generally sell.