A Crafts Community For Craft Ideas & DIY Projects - Craftster.org
Help | About | Contact | Press | Advertise | Terms | Site Map
Welcome, Guest.
Please login or register.
Random Tip: Join us for fun, contests and discussions on Craftster's Facebook page!
Total Members: 298,756
Currently Running With Scissors:
523 Guests and 11 Users
Home Craftster Community Crafting Articles Craft Tutorials My Craftster Crafting Calendar City Guides Craft Shop

  Show Posts
Pages: [1] 2 3
1  CROCHET / Amigurumi: Completed Projects / Re: Code Geass Amigurumi on: August 11, 2010 01:13:30 PM
That's is the cutest Lulu and C.C. that I've ever seen! It's so strange to see a cuddly LuLu. Where's Shirley and Kallen? Lol.
2  CRAFTY BUSINESS ADVICE / Crafty Business Discussion / Re: What a Rip Off! on: August 07, 2010 12:30:34 AM
I don't know what to do now. Please help me out, someone, because I don't want to be the jerk who rips off people for products that I don't feel are worth as much money as they should sell for. I need advice. I feel absolutely awful! Cry

If anyone needs to know, I used the following formula:
Design of template(1$/hr) + material cost + production time(8$-10$/hr) + listing price(.20) + packaging(1$-6$) = lowest sale price * profit(20%-40%) = asking price



I am a college student as well and trust me, I know what it's like to feel terrible to charge so much in order to support my education. However, I've read in a book about Craft related businesses a typical formula that you may want to follow. I'd recommend Craft, Inc. if you're not sure.

Now, I may not follow their recommendations to tee, but here is what I usually consider when pricing:

1. cost of materials is of course, the first thing you consider

2. split up your labor: while others may set up labor costs as this amount/hour I like to take an extra step and really split up what I'm doing during production (bc really, this is what you'd be doing if there were teams of people working on a product). For example, I consider how intricate the composition/design is and charge based on that. If it's a pretty straightforward composition/design that is seen a lot with only a few minor tweaks, i might charge 50 cents an hour for that (or even less depending because I don't want to lie to myself about how long and how much thought I put into a design). If the composition/design is rather complicated and took a while to draw up a pattern/layout for, I would easily charge 1-2, maybe even more. This step requires quite a bit of honesty. Then with other steps such as sewing, beading, appliqueing, cutting paper, cutting out tags for your store logo, whatever you do, you charge depending on the difficulty of the task, and how much time you invested. Perhaps use a scale of 1-10 to rate the overall difficulty and go from there.

3. Next, overhead: paypal fee, if you're paying other workers, etc.

4. Add up all of these fees and this technically should be your wholesale cost.

5. This next step depends on how much profit you want to make. If you want to make double, multiply the wholesale cost by 2. I personally feel too bad to charge double so I multiply wholesale by 1.5.

6. After all that, you can either decide that that is your final price on the product, or you can look at other listings for similar products and see where you lie in that range. Ideally, right in b/w is a good spot to aim for. If you are waayyy too far out of the range, adjust your costs accordingly. I personally don't like having the cheapest price but I like to aim for something pretty darn close.

7. Most importantly, how many customers buy your products? Are they happy with them? Look at their reviews. If they are very happy with the products, don't feel too bad about if you consider yourself expensive or not. You made these things with your own two hands and are making people happy.

I'm sorry if you find things perhaps a little inaccurate about my process. I don't really feel that there is a right or wrong, simply what works for you.
3  CLOTHING / Clothing: Completed Projects: General / Re: Blue and black lace prom dress [yes, I realize I'm a few months late] [3 images] on: August 05, 2010 11:05:14 PM
If that's toned down, I'd like to have seen what you had in mind. Excellent job. You should be very proud.

You don't think it's pretty tame?  Cheesy Let's just say....petticoat, draping, and lots of grommets. <.< >.>
4  CLOTHING / Clothing: Completed Projects: General / Re: Blue and black lace prom dress [yes, I realize I'm a few months late] [3 images] on: August 04, 2010 11:02:11 AM
Thank you!
5  MORE ART, LESS CRAFT / More Art, Less Craft: Completed Works / Re: The New Yorker wall painting on: August 04, 2010 11:01:07 AM
Thank you!
6  CLOTHING / Clothing: Completed Projects: General / Re: 0000110001010001000011100001 or Robo-Ruffle butt pencil skirt on: August 02, 2010 04:59:10 PM
Thanks about the Butt and the engagement Embarrassed Grin
and yeah Ill totally be making my dress and probably everone elses but its still a ways off lol and my fiance has a few different ideas for suits he may want me to make ...

Haha, it's great that your fiance supports your love for sewing and that he even wants you to make him something.
I'm in a long engagement as well and already told him that I'm making everything as well.
I'll be looking forward to seeing how the outfits for your wedding turn out!
7  CLOTHING / Costumes: Completed Projects / Re: Lelouch Lamperouge Cosplay [first ever Craftster post with a project on it] on: August 02, 2010 04:51:43 PM
I think that it looks great.

Thank you! It was my first real sewing project. I hope my inexperience doesn't show too badly, although I have drastically improved since then. <3
8  CLOTHING / Clothing: Completed Projects: General / Re: Blue and black lace prom dress [yes, I realize I'm a few months late] [3 images] on: August 02, 2010 01:58:38 PM
Thanks guys! Can't give me all the credit though--she selected the main color, I just ran with it.
9  MORE ART, LESS CRAFT / More Art, Less Craft: Completed Works / Re: The New Yorker wall painting on: August 02, 2010 01:57:28 PM
this looks amazing Smiley the title font and facial expressions are spot on

Thank you! At first I tried to make it look exactly like the picture he gave me. After I started college I started getting into abstract art and after that I was told myself, "Screw it! Just free hand the damn thing and get it over with." It actually looks a lot better now that I freehanded it than when I had painter's tape for all of the straight lines.
10  CLOTHING / Costumes: Completed Projects / Re: Lelouch Lamperouge Cosplay [first ever Craftster post with a project on it] on: August 01, 2010 07:53:57 PM
They look great! And I love pictures where awesome looking people are pointing at the camera Cheesy Made me lol. Great job!!!

This picture makes me giggle too because he usually makes weird faces in all the pics I take of him.
It's so strange to see him try to look serious.
Pages: [1] 2 3


FacebookTwitterPinterest
only results with images
include swap threads
advanced search



your ad could be here!

How-To Videos
Salma Hayek Serves Up Six Sizzling Looks in 24 Hours
Viktor & Rolf Design Modern Bridal Collection
Baseball Fan Fashion: All-Star Style For the MLB or Little-League
How to Transform Your Old T-Shirt Into a Sexy, On-Trend Tank
The Right Way to Wash Your Swimsuit
Latest Blog Articles
Tute Tuesday: Dark Chocolate Bacon Pecan Pie
Amazing Altered Puzzles
Meatless Monday: Cottage Cheese Mousse

Comparison Shopping




Support Craftster
Become a
Friend of Craftster

Buy Craftster Swag
Buy Craft Supplies
Comparison Shopping

Craftster heartily thanks the following peeps...
Moderators

Follow Craftster...






Powered by MySQL Powered by PHP Powered by SMF 1.1.11 | SMF © 2006-2009, Simple Machines LLC
SimplePortal 2.3.5 © 2008-2012, SimplePortal
Valid XHTML 1.0! Valid CSS!

Copyright ©2003-2014, Craftster.org an Internet Brands company.