How to Price Your Work? Turning Your Arts and Crafts Into a Business? | GooglyGooeys

“How do I price my work?" "I want to turn my arts and crafts into a business. What should I do?" We often get asked these questions & today we're giving a few tips & insights that we've learned through the years as a design & multi-media team with an online shop! (Click on the time stamp to skip to a topic) 0:00 Intro 2:15 Passion vs Burnout 2:52 Handmade vs Mass Produced 3:28 Time 5:42 Benchmarking 6:33 Peg 6:53 Topline vs Bottomline 7:40 Depreciation 8:00 Sunk Costs Often, people think that if a person is doing something they love, there's no price for that. We find so much joy in the work that we do that we can't stop daydreaming about artworks, potential projects, palettes, styles, a new method or materials we'd like to try. And when you finally get to a price, it doesn't stop there. You also have to consider how you'll be able to collect payments from clients/customers in the most efficient & timely way. Speaking of which, we're here to share with you a tool that has helped us in our online business & hopefully in yours too! Shop Googly Gooeys is now powered by PayMaya so you can now enjoy cashless convenience when ordering at our website! Watch this video to know more about this payment solution. If you're a business owner or if you're planning to start one, you may register it on https://enterprise.paymaya.com/paymen... & enjoy lower rates versus competitors with zero set-up costs & no monthly fees! Got questions? Feel free to leave a comment! __________________________________ Check out our MATH AND LEARNING CHANNEL too: https://www.youtube.com/channel/UCXKI... BLOG - https://googlygooeys.com​ FACEBOOK -   / thegooglygooeys​   INSTAGRAM -   / googlygooeys​   TWITTER -   / googlygooeys​   TIKTOK -   / googlygooeys​   BEHANCE - https://behance.net/googlygooeys​ __________________________________ Shop Googly Gooeys merch, our favorite arts and crafts supplies, Cricut tools and machines and more colorful things: SHOPEE - https://shopee.ph/googlygooeys​ OFFICIAL STORE - https://shop.googlygooeys.com​ __________________________________ Video: The Googly Gooeys Music: Clover 3 by Vibe Mountain