MANY THANKS, FID!
From my observation of Malaysian crafter selling their handmade items out there, I see that sometimes some of them or maybe nearly all set their price way too low for handmade. Here, I would like to share some of my knowledge in how to price your handmade. I'm not a pro in the biz field but I read quite a lot from the net & biz books on pricing handmade/craft.
So here's what I can summarize from the info that I know.
Of course for biz, you won't want to sell your item in base price / minimum price(mana nk dpt untung kan?)
Oh don't be afraid to change the pricing if u need to do so. There will be always a fluctuation in pricing of materials you buy (eg. rise of fuel price cause yarn price to go up).
Please guys, try to set ur handmade price appropriately as u are the only one who know how difficult to make them. I always believe that the ppl who appreciated handmade (good quality & unique) are the ppl who willing to pay for the price of the handmade no matter how expensive it is. Hope that these info will help you all in your craft biz!
p/s: Do comment if there is any mistake in my notes or any extra info, do feel free to add! As I've mentioned, I'm not that pro in the biz field. Sharing is caring! :)
Majulah Kraf Malaysia! Support Malaysian Handmade! ;)
FB Page: MisFydKrafts
NOTE* Feel free to share with your friends but do let me know ya or at least credit to me (link to my notes). I took some time just to write this up for all :).
You can go to my notes--->https://www.facebook.com/note.php?note_id=10150198530561927 for sharing :)