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Topic: Price question: Price break points  (Read 1290 times)
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MinnieMay9
« on: June 05, 2012 06:51:23 AM »

I've been making pin/badges for my local yarn shop and they recently took some to a show.  Someone saw them and sent me an e-mail asking about my rates for 100, 500, and 1000.  I have the 100 covered, but the others are being a bit hard.
I charge $0.75 each for up to 150 because that will cover my cost of material * 1.5 and my time.
I'm not sure how to calculate the other ones.  I know there is a price break in there, since there is less starting and stopping, but I don't know how to get the numbers.
My fiancee tried to help, but the time it took me to get them printed was only a few mins, 5 at the most.  I have the printer in my basement, so there usually aren't lines or big print jobs in front of me ^.~
I tried to look it up online, but I don't seem to know what to search for.

Edit: I've was told it was a good idea to figure at cost per button.  Rounding up, it costs $0.66 to make each button (I forgot when I calculated it before that I actually doubled the cost of materials, it might also help that I am buying more at once than I was back then)
« Last Edit: June 05, 2012 07:39:02 AM by MinnieMay9 » THIS ROCKS   Logged

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« Reply #1 on: June 08, 2012 04:28:21 AM »

I start off with a price per button according to size: a 1-inch button costs $1, a 2.25-inch one costs $2.25, etc. Then I discount from there for bulk rates. Labor? No such thing when you're self-employed.
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TwistMySister
« Reply #2 on: June 15, 2012 12:17:30 AM »

if they cost 66cents just to make each, then dont go lower than that obviously. If it were me, Id make mine 90 cents each for 0-100 buttons, 80 cents each for 100-500, and 70 cents each for anything over 500.
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Pour yourself a drink, put on some lipstick, and pull yourself together.
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Chris in VT
« Reply #3 on: June 15, 2012 03:54:44 AM »

Labor? No such thing when you're self-employed.
It's surprising how many people just don't get that part. The profit is their pay.
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SewMantra
« Reply #4 on: June 15, 2012 09:46:49 AM »

Pricing is tricky - especially for those of us out there who are self employed and at the same time artists. I know it is hard to get past the idea of a "starving artist" - an idea so engrained in our brains, but if the price of your buttons does not make your stomach churn just a little, you are not charging enough. I recently was introduced to someone who is in the process of launching a very cool website just for crafters and pricing. They are going to have calculators, report generators and a whole slew of other things. As I know this doesn't help you now, what I do remember from my conversation with them was a formula for pricing - which is working really well! Give it a try and see how it goes.

Cost of materials + Overhead/Equipment Depreciation = Creation Price

Creation price times a factor of 2 to 4 can give your retail price (depending on your market). If you want the whole sale price of that, just split your retail price in half.

Hope this helps and I hope these folks get this site up soon - as it sounds like they are going to rock the craft market with all the cool and free tools they plan on offering!

Good luck with your buttons!
Martiel

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Martiel B.

Sewmantra
REUSE | RENEW | REINVENT
http://www.zibbet.com/sewmantra | http://sewmantra.blogspot.com
MinnieMay9
« Reply #5 on: June 16, 2012 11:15:59 AM »

Pricing is tricky - especially for those of us out there who are self employed and at the same time artists. I know it is hard to get past the idea of a "starving artist" - an idea so engrained in our brains, but if the price of your buttons does not make your stomach churn just a little, you are not charging enough. I recently was introduced to someone who is in the process of launching a very cool website just for crafters and pricing. They are going to have calculators, report generators and a whole slew of other things. As I know this doesn't help you now, what I do remember from my conversation with them was a formula for pricing - which is working really well! Give it a try and see how it goes.

Cost of materials + Overhead/Equipment Depreciation = Creation Price

Creation price times a factor of 2 to 4 can give your retail price (depending on your market). If you want the whole sale price of that, just split your retail price in half.

Hope this helps and I hope these folks get this site up soon - as it sounds like they are going to rock the craft market with all the cool and free tools they plan on offering!

Good luck with your buttons!
Martiel



That sounds like it is going to be an awesome site!  I would love to hear once it is up and running.
THIS ROCKS   Logged

When in doubt, use more glue!

Look Ma, I'm on Ravelry!
Feel free to check out my Etsy shop.

Creative for Charity ~My Charity Blog
TwistMySister
« Reply #6 on: June 16, 2012 08:19:51 PM »

yes! let us know about the site, it sounds so interesting and helpful!!  Smiley
THIS ROCKS   Logged

Pour yourself a drink, put on some lipstick, and pull yourself together.
http://www.facebook.com/pages/On-The-Front-Line/175858075802771

http://www.etsy.com/shop/OnTheFrontLine
SewMantra
« Reply #7 on: June 20, 2012 07:41:54 AM »

Will Do! Smiley I hope it goes live soon because I'm just reeling with excitement about it!!!!
THIS ROCKS   Logged

Martiel B.

Sewmantra
REUSE | RENEW | REINVENT
http://www.zibbet.com/sewmantra | http://sewmantra.blogspot.com
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