- they say there's a special forumula for pricing jewlery that's made so you give the customer a fair deal and not under-sell your self at the same time. if you know what is is let me know thanks.
2007-05-08 14:42:56 · 5 answers · asked by angieco44 2 in Games & Recreation ➔ Hobbies & Crafts
materials + (hourly rate X hours spent working on it) + reasonable profit = price
some sample prices for beaded jewelry might be:
Simple drop earrings w/silver findings--$20
Strung necklace w/semiprecious stones-- $50-$100
Strung necklace w/fancy glass beads-- $30-$50
2007-05-10 14:29:16 · answer #1 · answered by spunk113 7 · 0⤊ 0⤋
add your material cost then double it at least....and then compare what other sell similar items for and the area in which you are selling. If you are in a low market you wouldn't want to sell your high end items...they won't sell ! And the same goes with high end and showing garbage.....location is one, the item and the cost and time.......there is no real formula, it is reall based on what YOU would pay for the item !!!
If a person wants your item, the cost isn't the issue !!!
good luck !
2007-05-08 17:31:20 · answer #2 · answered by Samantha A 2 · 0⤊ 0⤋
A good rule I have found in business books is to charge 3 times the cost of your materials. Then double it if your item is unique or you make your own components. Double it again if it sells out!
2007-05-08 18:39:48 · answer #3 · answered by Kacky 7 · 0⤊ 0⤋
Hi!
I ran across a site that is just loaded with this very information! Now, I haven't actually used the info...I'm not very good at pushing my own stuff...(dang it, anyway...). but the info is so precise and clearly set out - and when I do get my act together to sell all my great stuff - I'm gonna refer to this site for how to price my goods! Well worth checking out. And good luck with your venture!
http://www.landofodds.com/store/pricing.htm
I think you'll find it's just what you're looking for...
2007-05-09 12:27:46 · answer #4 · answered by chicknahaf 1 · 0⤊ 0⤋
if it was hard to make, 1$ an hour if it was difficult to make, 3-4$ an hour depending on level of difficulty. then add in cost of supplies and a little gaining fee of about a dollar or so. if you make enough, it can really be profitable.
2007-05-08 16:27:30 · answer #5 · answered by Shakespeare Chick 2 · 0⤊ 0⤋