What to Charge?

Question

I have been making wooden clocks of various sizes they all have a large amount of fret work on them. I'm thinking of making some to sel lbut not sure what I should charge. The patterns are pretty inexpensive but I use top grade wood plus my time for making them. Any sugestions?

Answer 1

Always consider your time, when working out how much to charge.

I make things that cost next to nothing in materials, but cost many hours to make.
I will NOT sell something I worked on for months for less that $ 10 an hour, even if the 3 times rule would suggest a $ 3 total price.

You may not get the right price per hour, but remember that when they go to an art gallery they often pay a lot more than hourly rates, and do so happily.

Answer 2

A good rule of thumb is to charge double what you have invested. If the materials are $10 then depending on the market, you should ask $20 for them.
If your product is in high demand or you are putting them in a craft fair or store, you will need to charge enough to cover the additional expenses.
Good luck!
R

Answer 3

I have some books that say the rule of thumb is 3 times your materials. Then if the market can bear it, multiply from there. Definitely Google similar items and see what they are charging. If yours are better or if you invent your own designs, charge a lot more than theirs. These items do very well at craft shows.


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Answer 4

Try going online and doing a search and see if you can find soemone else that has made them and see what they are selling them for. I can give one site it is

www.eventlister.com if you need to enter someone please use me [e-mail]

do a search of them and it can also tell you soem places to sell them

good luck

mas