raised my canvas price from $450 to $600 and lost two regulars, still not sorry
so i finally did the thing everyone tells you to do. 30x40 acrylic, used to be $450 flat. someone on here did the math for me without knowing it, or i did it to myself reading their post, whatever. at $450 i was making about twenty bucks an hour if you count the hours i actually spend, and way less if you count the staring at it part, which i do count, because that's the job.
so $600 now. two people who'd bought from me three times each just went quiet. one said "totally understand!" and never came back. the other one said nothing at all which is honestly more honest.
the annoying part is i'm not even sure $600 is right. i priced it off a number that felt scary instead of a number that felt correct. i might do the math again in a month and find out i should've said 750 and then i get to have this whole feeling all over again.
anyway i have a 36x48 on the wall that i'm about to list and i've been avoiding opening the notes app for four days
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The staring at it part is the job. That is the sentence I would put on a studio wall.
I work in watercolor, which is slower and cheaper in materials than what you are doing, so my numbers do not translate directly, but the arithmetic you are describing is the same one every serious maker eventually has to sit down with. Twenty dollars an hour including the thinking time is not a business, it is a subsidy you were paying out of your own pocket so that two people could feel good about the transaction. You have simply stopped doing that.
The two quiet ones are the interesting part, and I would resist reading too much into it. People who buy three times are not usually lost over a hundred and fifty dollars spread across a year. More often they are startled by the change in the relationship, because a flat price for a long time starts to feel like a friendship rate. Some of them come back. Some of them were never going to keep buying regardless, and the price rise just gave them a clean exit they were already looking for.
What I would watch is whether the people who do say yes at $600 are better to work with. In my experience they frequently are.
"the staring at it part is the job" is going on the wall whether i like it or not, right above the sink where i rinse brushes, so it can judge me daily.
and yeah the subsidy framing is the part that stung. i was basically running a buy one get one free on my own time and calling it "building a collector base." at least a subsidy is a decision someone makes on purpose.
the watercolor thing is interesting though, i always assumed you all had it worse on the material cost side, not cheaper. is it just that you're not burning through a $30 tube every two canvases