Charging What You're Worth
Are you aware of your value? How do you know if you are charging what you are worth? In today’s episode, Charging What You’re Worth, find out how you can confidently charge what you deserve. As quilting entrepreneurs, it’s time for us to gather and lean in together. It is time to be more open and share what we are charging and help each other out in a beautiful way. Hear what I mean by this, plus my advice and tips on learning how you can better identify how to price your products and services. I share the why and the how to see your value and be okay in having expectations and confidence in what you are offering. Learn your worth and then own it!
Charging What You're Worth
This is what I share with you during this episode:
- I talk about free products. Is it worth your time?
- How we can set as standard as “quilterprenuers” and why we should.
- Creating a Media Kit. What is this you ask? I share what it is and how to create one. You should not feel guilty about setting your own terms.
- What we charge. As business owners, it’s good to talk about what we charge. It actually serves us a business owner so that we aren’t undercharging… the whys.
- Knowing your value and standing your ground.
- Charging for a product or a service…evaluating your product. How to determine what your product is worth. Ask yourself what the customer gets out of what you have to offer. What value are you offering and what is that worth?
- Marketing! Once you know the value of your product and what you have to offer- help people see and understand that value.
We can absolutely charge what we are worth! Know what is working for you with your products. Ask for feedback from your customers so that you know how you can improve your value. Learn what you are worth and then have confidence and own it!
Show Notes
I want your feedback! I’d love to hear from you! What are you charging for your patterns, being a guest lecturer, for product marketing? Please share your ideas and or comments about this topic. Send me a DM or comment below.
Elizabeth Chappell
Time is money for sure! Don’t sell yourself short. Quilts take more than just supplies, but our time is worth being compensated for too!
Elizabeth Chappell
Exactly! Good for you for knowing and understanding your worth!
craftymoosequilts
I absolutely loved this episode. I have a t-shirt quilt / memory quilt business and I know my pricing is not for everyone and that’s ok with me. Every single quilt I make is custom made beginning from the pattern. It takes a lot of time and energy to create quilts from scratch 8-10 times per month. This is not Project Repat. If you want something inexpensive like a basic blanket, then they are totally for you! If you want something precise and custom so your memories last a lifetime and then some … I’m your girl. This is my full time gig and I deserve to be compensated as such.
Martha
Great podcast! Thanks!
Shirley Cox
Excellent ideas! As I create quilts, I sometimes feel like the quilt is only worth the money for the fabric and supplies within the quilt and feel guilty for charging for my time to assemble! No more! Thank you Elizabeth for reminding me that my time is also worth $$.
Jenn
As a EA tax preparer, just an FYI—even that free product is taxable to you. That said I have a hard time charging what I am worth as well.
Jennifer Wagner
I have been devouring episode after episode of this podcast and it has really helped shape my business mindset. Thank you so much! This episode really hit the mark. When I was a new longarm quilter, I never charged enough – a hard lesson to learn. Now I’ve been writing patterns and selling them online as PDFs. I have a quilt shop asking to sell my patterns in their shop but I’ve never negotiated this before. What is a reasonable price per pattern? Do they pay upfront for a set number of patterns? If not, what percent of the sales is reasonable? Thank you again for sharing your wisdom!
Maude MacDonald
Quiltprenuers UNITE! I Loved this episode so much! It got me excited for change and to continue this conversation. I feel like free product can be worthwhile depending on what it is etc, and especially in the beginning. But this episode is giving me confidence to transition into new monetary asks. Thanks for opening the door on this topic Elizabeth!
Elizabeth Chappell
Maude MacDonaldYay! Yes, love that we can have this conversation and value our work as quilterpreneurs!