Selling your own design commissions can be a great way to turn your passion for art and design into a profitable venture. However, it's important to understand the factors that go into pricing your commissions in order to ensure that you're not underselling yourself or pricing yourself out of the market.
Time and effort: The first factor to consider when pricing your design commissions is the time and effort it takes to create them. This includes the time spent researching, sketching, and finalizing the design, as well as any additional costs such as materials or software. You should also factor in the time it takes to communicate with the client and make revisions to the design.
Experience and skill: Your experience and skill level as a designer is other important factor to consider when pricing your commissions. If you have a lot of experience and a strong portfolio, you can charge more for your designs than someone who is just starting out. It's also important to consider the complexity of the design and the level of skill required to create it.
Market demand: The demand for your designs is another important factor to consider when pricing your commissions. If you're creating a unique and highly sought-after design, you can charge more for it than if you're creating a more common design. It's important to research the market and understand what similar designs are being sold for in order to price your designs competitively.
Production cost: Another factor to consider is the cost of producing the design. This includes the cost of materials, printing or manufacturing, and shipping. It is important to factor in these costs when determining the price of your commission.
Profit Margin: Another important factor to consider is your profit margin. Profit margin is the difference between the cost of goods sold and the price at which you sell the product. You should set your prices to ensure that you make a profit after all the costs have been factored in.
Pricing your design commissions is a balancing act that requires considering various factors such as time and effort, experience and skill, market demand, production cost, and profit margin. It's essential to understand the market and your own costs, so you can offer a fair price that also allows you to make a profit. It's also important to keep in mind that pricing is not set in stone and can be adjusted based on market conditions, competition, and other factors.
