How do I price my handmade items?

Question

I sew, crochet, make jewelry, crafts, numerous handmade items. How do I best price my items to sell? Many are custom orders.

Answer 1

You need to determine the approx. cost of materials for each item and then decide the value of your labor and how long it takes to make the item. Are you worth $10/hr, $20/hr, $50/hr, etc. You'll also need to consider how desirable your items are. What are people willing to pay for them? Do some research on craigslist and eBay to get an idea. Price your items at the high end to start and if they don't sell, keep lowering the price until you find what the market will bear. Good luck!

Answer 2

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.

Answer 3

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.

Answer 4

I would auction them on ebay, starting at about 1/4 of the price they would cost if you store-bought them.

Answer 5

Set an hourly rate for yourself, plus materials =cost. Then check to see what others are charging.

Answer 6

I look for similar item on eBay and go for their.

Answer 7

try go on michaels.com, they have a good craft prices, hpe this best answer!