Pricing wood carvings effectively requires a nuanced approach tailored to diverse market segments. For luxury buyers, emphasize craftsmanship, rarity, and exclusivity, setting premium prices that reflect the artistry and time invested. Mid-range markets, such as interior designers or gift shoppers, benefit from competitive yet fair pricing, balancing quality and affordability. Budget-conscious customers may respond to volume discounts or simpler designs with lower production costs.

Consider material costs, labor, and overhead when calculating base prices, then adjust based on target demographics. Online platforms like Etsy or art galleries demand different pricing strategies—research competitors and leverage storytelling to justify higher prices. Seasonal promotions or limited editions can also drive demand.

Ultimately, successful pricing aligns with perceived value. Test different price points, gather feedback, and refine your strategy to maximize profitability while satisfying customer expectations across all segments.