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Topic: Just getting started. Lots of earring pics and a question  (Read 1394 times)
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NeedToBead
« on: December 18, 2006 04:36:10 AM »

I've been lurking for about a month and a couple weekends ago decided to try making earrings. 
I've been selling them for 3.95/pair and a couple of my friends are telling me that I'm underpricing them.  Please tell me honestly if you agree or if you think 3.95 is ok.

P.S.  You guys do some amazing work! 





























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Summer Lee
« Reply #1 on: December 18, 2006 05:10:48 AM »

At the local crafter/artist coop in my town there is a lady who makes and sells jewelry that is very similar to yours. She prices hers (retail) at $14.95 a pair. I bought several pairs from her to use as Christmas gifts this year, and I remember thinking that they were  inexpensive. So, to answer your question, yes, I think you are underpricing your earrings. Very nice work, just don't sell yourself short.
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NeedToBead
« Reply #2 on: December 18, 2006 06:32:27 AM »

Thank you so much for the nice reply.  I guess maybe I am underpricing them.  I appreciate your help!
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rockmygypsysoul
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« Reply #3 on: December 18, 2006 06:44:40 AM »

I totally agree-youre underpricing them.  Now, Im cheap and wouldnt pay 14.95 a pop-but thats mostly cause I dont have it, not cause theyre not worth it   Cheesy  But Id say at your next event or what-have-you, to prince them maybe somewhere in between-like 10 or so, and see what happens...if you get a lot of response you can try to bump it up the next time and then see what happens again, but the in between should at least guarantee you SOME success

but seriously, theyre great and you are definitely underpricing them.  good luck!!
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kacarrol
« Reply #4 on: December 18, 2006 07:31:09 AM »

I was selling earrings like this at a couple of craft shows and I was charging between $10-$12, and I was told that was cheap! Definitely charge more!

PS they are really nice, good job!
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umheried
« Reply #5 on: December 18, 2006 10:28:17 AM »

I WOULD UP THEM TO AT LEAST $5 & THEY WILL STILL SELL LIKE CRAZY.  GREAT JOB Grin
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NeedToBead
« Reply #6 on: December 18, 2006 10:30:47 AM »

Thanks for all the input.  You guys are great! 

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fsuangelita
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« Reply #7 on: December 18, 2006 10:45:57 AM »

honestly, you should definitely charge more.  i believe that the $8-$10 range is more appropriate.  after all, just go to any store that has something similar (forever 21, wet seal, etc) and they go for around $8. 

beautiful earrings!  good luck!
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javastain
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« Reply #8 on: December 18, 2006 09:05:25 PM »

I think it also depends on your venue... but a good rule of thumb, double the cost on your beads (so if you paid 2 bucks for beads and findings, make that 4) and add your time/labor... say each piece takes you 15 mins from picking up the first bead to bending the last loop closed... give yourself more than minimum wage, so say for easy numbers, 12 bucks an hour, that makes every 15 mins, worth 3 bucks... there you have 7 bucks (beads=4, labor=3). That is your minimum charge for your wares or at least a good starting point... now here's how I do things... sometimes you get a screaming good deal on beads, and other times your beads are super pricey... these items balance each other out, you can maybe Triple the cost of the inexpensive (NOT CHEAP, that's different) and add your labor, and on the more expensive beads you can stick to double cost add labor... did you follow all that? I hope this philosphy helps... it usually balances out all the different aspects of doing my craft, like gas/shipping/time purchasing beads etc. BUT if you have to pay for a table at a show, I always add a teeny percentage to each piece to help off set the cost of the show... I think your 8-12 range is right on target. Smiley
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I'd love to send you some hand spun for a poppet!

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NeedToBead
« Reply #9 on: December 19, 2006 04:27:33 AM »

Thanks again!  You guys are great to take the time to help a newbie.
I'm very much in love with this site. Smiley
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