#191 - Pricing for your worth or your market

Ryan & Becca answer a couple listener questions today about specific business situations you may find yourself in at some point. One involves pricing your work based on your local market vs pricing higher based on what your time is worth now. The other involves a sticky situation where you may have doubts about a potential partnership with a local business who wants to carry your products.

Listener Questions
On this episode:
- My sister and I started a ceramic business about a year and a half ago. Love the podcast and know you talk a ton about pricing. More specifically, we want to put more work into pieces that we know our market (mostly local), can’t bear yet. Should we price them lower and hope they can, over time and popularity, they can increase in price? Or price them for what our time is worth now? We understand as a new business that we don’t have a strong following or reputation, and that we may have to “grind” for a while. Mia @the_justuscollective
- I was recently contacted by a local business that makes and sells loose teas, and they asked me to make about 10 mugs for them to sell on their website and at vendor markets. I love working with local small businesses, I love tea, and I’d love to do more small commissions for local businesses, so it seemed like a sure thing. But… my husband (who is in the food biz and knows about these things) is concerned that this tea biz is not properly licensed to sell a consumable product, and also makes some claims on their website about healing properties of their products. He thinks that I should not be affiliated with them, in case this becomes a legal issue for them. And it could also reflect poorly on him in his business. So here’s my question (sorry so long): What do you think? Have you ever said no to a commission because it was someone you thought could damage your business reputation? What would you do?  -Anonymous

Send us questions so we can answer anything you've been thinking about on a future episode. Send those through Instagram @wheeltalkpodcast or email us at [email protected].

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