i have a problem (a good one)

[Smurfy]

Some of you know i have my own glass studio. I recently made a bowl that I wasn't sure if i liked, but i listed it for sale at $60 plus $10 for shipping. It cost me $14 in material (at the most), plus electricity. I get my shipping material for free.

It takes me about 10 minutes to put it together before putting it in the kiln, but I can only make one every two days because if i put one in the kiln when i get home from work, it will be fused and (hopefully) cool enough by morning to touch, but I need to monitor it for the second fusing so i can't put it back in until i get home from work, and then it's not cool enough until the next morning.

The first one I listed sold in 2 hours.
The second one sold in 30 minutes, and then i got an order for another one from the first buyer and a pre-order from someone i never heard of. plus, my online store is looking empty since i keep selling my inventory (i've sold other things too, also quickly but the profit wasn't as high)

So. I have a show coming up in a week and my kiln is busy making these bowls, which means i can't make anything else (its not a large kiln, so i can really only make one at a time).
Do i:
a. raise the price to... $100 and get a few less orders but make more money
b. Keep the price the same and just keep cranking them out and use the profit for a much bigger kiln plus an electrician to run a separate line

i want to order one. i really loved that first one you did especially with the circles of color on it and whatnot

 

[the_clockwork]

how big of bowl can you make? I want one (different colors) than this one but want it much larger. I will make it worth your time if you can make something with the colors and size I want.. can you accommodate my needs?

 

[fistfullofsteel]

we are looking for mariginal utility here, i think that is what it was called. (micro economics). the maximum units you can sell at the maximum price. so i would keep adjusting prices until i would find out what that price is.

 

[alien amp pharm]

Didn't you just make like $70,000 flipping a house recently?

Why not use some of that money on your larger kiln?

Unless, of course, you wasted it all on drugs, Junkie.

 

[stilleto]

i want to order one. i really loved that first one you did especially with the circles of color on it and whatnot

awww, thank you.
if you really want one, pm me and we'll talk about what colors and what size, etc.

 

[stilleto]

Didn't you just make like $70,000 flipping a house recently?

Why not use some of that money on your larger kiln?

Unless, of course, you wasted it all on drugs, Junkie.

yes, that's it.
plus other things, like some legal fees I had (an adoption), taxes, etc.

Its not that i can't just drop the money for it, but rather i'd like to keep this.. "contained". what I make, i'll put back into it. Its one thing to spend $100 on glass or supplies for my hobby, but when my hobby is costing thousands and not making anything in return- its a waste. If i only spend what I make- then i'll feel good about it.

 

[stilleto]

how big of bowl can you make? I want one (different colors) than this one but want it much larger. I will make it worth your time if you can make something with the colors and size I want.. can you accommodate my needs?

The largest I can make right now is around 11" across or 12.5" across. Thats not HUGE, but its not small either. My kiln would accomodate a larger size than that, but I don't own any larger molds yet.

 

[jestro]

thanks... i think only you and I might know who dale is though.
i did just see some of his stuff in vegas though.

And me, I grew up in his hometown. Come over here and check out the museum of glass. Check out this hotshop!
http://upload.wikimedia.org/wikiped..._Tacoma.jpg/800px-Museum_of_Glass,_Tacoma.jpg

 

[Bikini Mod]

You work is quite lovely. My Old Grump is very much a lover of art. He'll give you a holler when our world is less noisy.

Truly you should raise your prices. I mean if the demand is THAT GREAT, why are you selling yourself short.

He was correct in his assessment in that artists dont take into account their PRICELESS ability to produce art that no one else can.... I am guilty of that m'self.

 

[stilleto]

You work is quite lovely. My Old Grump is very much a lover of art. He'll give you a holler when our world is less noisy.

Truly you should raise your prices. I mean if the demand is THAT GREAT, why are you selling yourself short.

He was correct in his assessment in that artists dont take into account their PRICELESS ability to produce art that no one else can.... I am guilty of that m'self.

thanks for the advice (you and everyone else). pm me whenever you want- i'll custom make something for you.