i make & sell jewelry and some times i dont know what to price it at, how could i figure that out?

Answer 1

You should not only sell for the cost of supplies it took you to make the piece of jewelry but also you labor and at last profit. For example, if it took you 25 dollars to make a necklace and you spent 2 hours on it, the cost would be around 30-35 and then add on the profit and it would be at $40-45. Don't go too high up until you get good customers. The more customers you get, the higher the demand will be and then the more you get to raise your prices.

Answer 2

Always price your jewelry higher than what you really want to get for it, so that even if you sell it at a discount you can make a profit on it, and so that you can "deal" on the sale price. The mark up on some jewelry can be as high as 400%. If you are doing this just to sell to a few friends for fun, then include your costs and some extra for the time you put it together.

Answer 3

Never price jewelry to high or poeple will not bye it. You could also sell your jewelry in groups of nacklaces an whatnot for like a little more than seperately.

Answer 4

Best thing you can do is set yourself a set mark up percentage. Basically, what percentage do you want to make over cost. Then each piece you make estimate to your best ability how much each piece cost to make and mark it up your set amount.
If you do this then you will know how much you can mark it down if you want to put it on sale or haggle without losing money. It will also stop you from accidentally losing money by selling it less then the price it made you to make it.
It takes a little math, but its a good way to make sure you make a profit.

Answer 5

i make and sell jewelry as well. i always price it about 15% - 50% higher than i would want for it, depending on the quality

Answer 6

Check this site out!!
Online Jewelry Auctions - MinkyMonky.com
http://www.minkymonky.com

Answer 7

I would do a little competitive shopping...you're not going to be able to compete with say a large department store in terms of price because they get it for a discounted amount because they're buying in bulk and so forth ... but I would check out other individuals at say craft fairs and such that sell the same sort of thing. (same types of metals, stones, etc) and compare that way.

Answer 8

i make and sell jewelry as well. when i'm considering the price, i always think how much the materials to make it cost (beads, wire, etc.) and then how complicated it was and how long it took me to make.

Answer 9

figure out how much you paid for the parts, and how long you took to make each piece, then decide how much you want to charge per hour ofwork Then add the cost of materials plus the per hour amount you need for each item, and probably add about 25% for profit and that could be your base cost per piece. if its too much, you will just have to reduce the profit.

Answer 10

go to stores and see what they price them at(same material)
you can also go on ebay and look at similar stuff there...