You have slaved over your product for days, maybe even weeks or months. It is a wonder to behold - teaching gold for anyone who might be lucky enough to purchase it. And despite the fact that this amazing piece of work is truly priceless, you must do the impossible - you must in fact, price it.
There are many things to consider when pricing a product. Obviously, you don't want to over price or no one will buy. But under pricing is also not a good idea. When sellers drastically under price their products, many buyers just assume the product is garbage. Further, you really do sell yourself short when you under price - you worked hard, you deserve compensation. What bothers me the most about sellers who under price is that it hurts all of us. If everyone did it, TpT would turn into a giant dollar store and that is not going to help any of us.
Here are some questions to ask yourself when setting a price:
- How large is my product - how many pages/slides are included?
- How much use will a buyer get from my product can it only be used once a year (a Halloween word search, for example) or can it be used again and again through out the year?
- How much time and money did I put into this product? Did I pay for clip art?
- What are similar products on TpT selling for?
- Who am I marketing to? If you happen to be a K-1 seller, you can probably price a little higher than those who are selling for the older grades.
- Is it important that my product be featured in the $5.00 and under store?
- What would a similar product cost if it were purchased at an educational book store?
- How much, realistically, would a teacher be willing to pay?