How to Price Your Product at a Farmers Market

Farmers market are a great way to get your new product into the market. It will give you a chance to hear people's comments and ideas about your product in a direct way.But pricing your product can be a challenge. Do you price your product low to move sell more product? How do you know when you price it too high?

Things You'll Need

• Product to sell at a farmers market
• Access to the Internet

Instructions

How to Price Your Product at a Farmers Market

1. Create your product to sell at the farmers market. When developing a product, make sure it is within the range of what people would pay at a farmers market. For example, you may not see $300 paintings at a farmers market. You may want to make a homemade product like bread, salsa or fruit spread.

2. Visit the farmers market you want to sell your product at. Is there someone else selling something similar? Make sure your price is in parity with theirs. Unless your product has a special quality that the competing product has, you may be pricing yourself out of a sale.

3. Research on line or at the super market what your product would cost. Are people getting a good deal if they buy your product? Most people who shop a farmers markets like to get a deal or something that is home made and unique.

4. Determine your price and sell your product at the farmers market. As people stop by your booth, ask them what they think about your product and your price. Most people will be glad to reply.

5. Reduce the price of your product towards the last half hour of the farmers market if you have a perishable product. This will help sell product you may have to throw out after the market anyway. You can do a buy one get one free or possibly buy two get one free.

Tips & Warnings

• You may have to be licensed or certified to sell edible foods in some states or counties. Check with your local government.

• You may need Serve Safe Food handling if you are selling edible foods.