A higher price point may help you convey some of the important parts of your business that differentiate you from your competition. Be sure that your brand conveys these key points and helps your shoppers align their expectations — and emotions! — with your prices.
Megan Auman talks about perceived value in The Art of Pricing for Profit. In the article, she reminds readers that, while makers worry about pricing equations, shoppers don't. “They buy on that perceived value, not on some formula,” she says, adding that “the perceived value is so much more than the cost of your materials.”