How do i figure out a price for crafts that i make?

Question

I make wood hang up items. I cut the item out on my scroll saw, sand it, paint it, and finish it with a clear coat. I spend many hours making sure each project is perfect. My problem is that i don't know how much to charge people for the items they want. I don't want to over charge like most craft items usually are but i don't want to rip myself off either!!! I can't figure it out by how much the materials cost cause i buy 10' boards, and bottles of paint.....which i can make numerous items out of each. PLEASE HELP ME soon cause i have my first craft show coming up!!!!!!

Thank You!!

Answer 1

I understand your dilemma, first of all you need to figure out how many items you can make out of 1 10' board, then how much does the board cost you, next take the sand paper and paint and do the same thing, you will be able to get your base price from that. Once you've reached that then take an amount of money for your time, base it on like 2-3 dollars per hour you worked on each project some might be more than other but should still be very reasonable to the consumer, I love crafts and homemade items but your right some people over charge and it discourages me from buying. I want to wish you luck and hope everything works out for you.

Answer 2

I was just at a craft show and saw this man's crafts-they were like Christmas hanging ornaments cut out with a scroll saw, thin, not painted or anything, just bare wood on like a red little ribbon and he was charging $5. I don't know if that is what you are making or not. Good luck at the craft show!

Answer 3

I 've sold crocheted stuff at craft shows and I just estimate the material cost and multiply that times 3. But, if what you sell is really popular you can sometimes add a little extra. Ie. I add a bit more to Harry Potter scarves

Answer 4

Try this, why not list all the things that you've bought for making your craft then add it all up and see what you get then maybe just make the price a little higher, for example all of the materials that you've used adds up to a total of 30 bucks then maybe just add 2 or 5 bucks for the effort that you've exerted to do the craft. ; )

Answer 5

Figure out the cost of materials per item then triple it and that is the minimum price to charge....you may be able to charge more depending upon the venue in which you sell. I would say the triple the cost figure should be your wholesale price.

Answer 6

figure out how much it costs to make the crafts, and depending on how much the cost is, ad 20-50%.

Answer 7

advertise at yahoo. comapre prices worl wide, or ask me how much ide pay for u..