2006-10-14 10:43:58 · 7 answers · asked by collies2 2 in Games & Recreation ➔ Hobbies & Crafts
You need to factor in the cost of the materials, the cost of your time, and your desired profit margin.
For example, if you make handmade earrings, factor in the costs of all your materials (gold/silver wire, posts, jewels, beads, etc.); factor in your time (e.g., it takes 2 hrs to make one pair of earrings and your time is worth $15/hr). Add these two costs together (let's say it comes up to $25) then factor in a mark-up percent for profit; let's say 20%. So your cost of your earrings would be $25 x 120% = $30 per pair.
2006-10-14 10:45:12 · answer #1 · answered by I ♥ AUG 6 · 0⤊ 0⤋
Set yourself a wage then gauge how much time your items take to make then add a percentage onto them for the custom made items, try and visit craft fairs and get a price on what your competitors are selling their stuff for.
2016-05-22 02:05:41 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends on what you are making. Don't undervalue or cheat yourself. I make jewelry. The guidelines here are to start with 4 times the cost of materials, and then adust up or down depending on the time spent. I also look to see what similar items are going for in stores and on-line, and try to stay close to that.
2006-10-14 12:46:04 · answer #3 · answered by atbremser 3 · 0⤊ 0⤋
Bookmarking
2006-10-15 02:01:27 · answer #4 · answered by Sweet Virginia 2 · 0⤊ 0⤋
The cost of the materials, the cost of the labour (labor if your in US :p) any incidental costs, think of a number add it to your costs double and add VAT if they want a invoice.
Cash no VAT guvna? :p
2006-10-14 10:52:42 · answer #5 · answered by jason12211 3 · 0⤊ 0⤋
whatever amount you have in to the making of it..supplies..then multiply by 2.5
2006-10-16 18:48:01 · answer #6 · answered by kathy n 3 · 0⤊ 0⤋
cost of materials + time in hours x whatever wage/hour you want.
2006-10-14 10:45:42 · answer #7 · answered by ajvpb 2 · 0⤊ 0⤋