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Topic: Pricing for craft fair?  (Read 1305 times)
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« on: March 12, 2017 07:51:50 AM »

I'm new to making stuff for craft fairs and I just started making these really but I'm not sure if I'm under pricing myself. I'm thinking $5 for the simple ones and $10 for the fancy ones.

« Last Edit: March 12, 2017 10:35:21 AM by meleriffic - Reason: Reveald Images for new member » THIS ROCKS   Logged
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« Reply #1 on: March 12, 2017 06:22:21 PM »

Sounds okay to me. When I am unsure, I look at other sellers of the same items on Etsy and see what they sell for.

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« Reply #2 on: March 13, 2017 02:32:33 AM »

Thank you. I've really been unsure. I've wanted to make sure I'm not too high priced, but at the same time not too low either. I've always struggled with the business side of things.
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« Reply #3 on: March 17, 2017 07:33:12 PM »

I think it's important to track the time it takes you to make these when figuring out pricing as well as material costs (including tags, etc.). If you are spending not much more than $1 (at most) on materials (including gas/shipping to procure them) AND you can make AT LEAST enough of them in an hour to earn AT LEAST minimum wage including 5-15% for overhead, then your prices are on track.

Some points though:
Sewing is skilled labor, particularly the applique you've one and deserves quite a bit more than minimum wage.
That overhead goes to cover travel time, booth charges, display costs, electricity you use at your house, wear and tear (servicing) on your machine & shears, etc.
« Last Edit: March 17, 2017 07:36:40 PM by TheMistressT » THIS ROCKS   Logged

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« Reply #4 on: March 17, 2017 08:39:09 PM »

THats a good point, I guess I really haven't been watching my timing. It's just been more of a fun relaxing activity up to this point, it's only now I'm approaching the idea of a business. Do you worry about things not selling if you mark them too high?
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