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Topic: Advice on how to price wares......  (Read 2971 times)
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StaceyLeeSews
« on: September 04, 2013 08:51:43 PM »

I really need some advice on how to price my crafted items (crochet, sewing, jewellery, pottery). Yes, I know too many crafts, hence reason to sell selling, that and people constantly asking me if I could make them.....one. 
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Ludi
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« Reply #1 on: September 19, 2013 02:54:48 PM »

I've been asking people how much they would pay for one if I made one for them.  But it is hard to get an answer!   Tongue
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Chris in VT
« Reply #2 on: September 20, 2013 04:02:01 AM »

http://www.craftscalculator.com/

Thisis a handy tool to help price your work. One good thing about it is that if you have something that is time intensive, you can see whether or not it's a viable item to sell at shows.

You put in your cost of materials, the time spent, and how much profit you want, 10% to 100%. Then you click your level of expertise.
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
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Ludi
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« Reply #3 on: September 20, 2013 05:40:51 AM »

Wow, one can maybe earn California minimum wage.  Hurrah.  Sad

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Chris in VT
« Reply #4 on: September 20, 2013 06:57:38 AM »

Wow, one can maybe earn California minimum wage.  Hurrah.  Sad
I know a number of full time crafters like myself and many of them make a very nice income. I make a nice "middle class" income and I'm comfortable.

The big boys who travel can make 6 figure incomes. And yes, I said "boys". There are just as many men in our business as women.

But to us this is a serious business. We work at it just like a "real" job. We work sometimes 12 to 18 hours a day during the busy season, and then pack up and do shows on weekends.
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
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Ludi
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« Reply #5 on: September 20, 2013 04:23:00 PM »

I realized I was not using the calculator correctly, I had it set for a low profit.

Incidentally, I make things for a living, and have done so for 25 years.  Smiley  

« Last Edit: September 20, 2013 04:46:53 PM by Ludi » THIS ROCKS   Logged

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« Reply #6 on: September 22, 2013 05:03:33 AM »

When you ask people what they'd pay for something, make sure you're asking someone who has more experience shopping than the clearance aisle at Walmart. And don't ask friends and family because they'll either try to make you feel good with a too-high price, or if they don't know why you bother wasting your time on crafts, set everything at $5-10. You can go to a craft show and see for yourself how much things go for. Head over to etsy and find some of the items you make and calculate an average price based on the stores that are actually selling those things. Visuals can be helpful for crafters.
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Chris in VT
« Reply #7 on: September 23, 2013 04:18:03 AM »

I realized I was not using the calculator correctly, I had it set for a low profit.

Incidentally, I make things for a living, and have done so for 25 years.  Smiley  


So how did it work for you? When you put in the numbers, did it come out with a reasonable price?

It's good to know other full timers too.  (40 shows a year) This has been my only job for the same length of time as you. So you know the dedication it takes to do this full time.
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There's NOTHING at a craft show, or on Etsy, anybody NEEDS. NOTHING.
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catlover1981
« Reply #8 on: September 26, 2013 02:58:54 AM »

wow I wouldnt go by the calculator says my hats should sell for $30 Ive been trying on ebay etc at $15 and cant get anywhere so Im not sure how accurate this is.
Unless your the fastest knitter or crocheter it seems like the made in china items can outsource everyone
And I went down to 10% profit to lowest it will go and its still quoting me at $20 for my hats
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Ludi
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« Reply #9 on: September 29, 2013 06:49:27 PM »


So how did it work for you? When you put in the numbers, did it come out with a reasonable price?

It's good to know other full timers too.  (40 shows a year) This has been my only job for the same length of time as you. So you know the dedication it takes to do this full time.

I think the price might be reasonable, but I'm not sure if anyone will pay it!   :p

Your dedication going to craft fairs is far in excess of my dedication working in my field of endeavor which only requires me to work at home!  Smiley  (I make custom items for a very small clientele)
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