Just to start off, this board has been a huge help to me!
I just got my state of NJ business registration certificate and tax collection certificate. I will be opening my business bank account this week, and then work on figuring out the merchant account thing. I got a website in development and can go live on Jan. 1, 2007. I am going to open an esty store and being doing craft threads.
Basically I paint assorted items. I paint slip mold ceramics (Figures and some boxes), wooden trays, and few other items (pressed paper boxes). One of a kind, no two are exactly alike.
Right now, I am using 3 times the cost of the item. I buy some of my ceramics on ebay, and included the cost of shipping in the base cost. I also round up for local items so that I cover the cost of gas, paints, brushes, sealers, and all the other stuff for the business. I mean one bottle of paint gets used on several items.
However, I've been seeing that I should do cost of item times the 2, plus the cost of my labor. But I am usually working on more than one item at a time. Such as if I am base coating something, I base coat several items at once to save time. Plus, I've been doing ceramics for 15 years nows. When I get in the zone, I paint rather quickly. I make about $17 an hour at my day job.
Here are some examples of what I am going to be selling:
These are ceramic Dragons (I am going to do a Renaissance Festival in the spring) This one is sized at 12" tall x 10" wide.
The size of this one is approx. 10 1/2" Tall and 11" wide
This is a ceramic tray. The painting is my own design.
This is a wooden tray. Again the painting is my own design.
So how should I figure out my pricing? The blue dragon above is coming out to about $120 including tax. The cost of it not painted was $37.10. Does this seem too high?