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When you are selling your crafts at a craft show, how much should you be marking your stuff up?
I'm going to be selling some crafts at a craft show this fall and I need to know how much I should be selling it for. I'm selling knitted scarves, blankets, hats...etc and some beaded bracelets. Any help would be great.
This will be my 1st craft show that I will be doing....not quite sure what I am in for. Any other advice would be great.
4 Answers
- 1 decade agoFavorite Answer
I totally agree with Lawumun. But I know it is hard to determine what your hourly wage should be. What I personally do is:
1. Determine how much my materials cost
2. Add about 1 to 2 dollars for "overhead" (electricity, gas, etc)
3. Total the above 2 amounts and multiply by 3.
When I do it this way, my "formula" is the same no matter what my materials add up to be.
I am starting to make my own beads (lampwork) and it is going to be fun trying to price those when I incorporate them into my jewelry!
I hope this helps and Good Luck!
- Anonymous1 decade ago
I have done craft shows for a while now, and let me tell you those people who chose to mark their crafts up a whole bunch are the ones who really don't sell. You need to investigate in your area some other shows maybe and get some ideas on what is selling and for how much. Check with an online group in your area even and see what the average is. I wouldn't charge an arm and a leg and with that, if you find at your show your price is discouraging customers, change it! It always works wonders! Get ready now too! But I am sure you know that!
- RoseLv 41 decade ago
Keep track of how much you spend per project. (aprox.) Then add a few dollars to that so you make some profit. Handmade things sell very well so don't be afraid to set the prices pretty high. If it's too expensive, you can always lower the prices. One more thing, be sure to be polite and act like a professional!
- 1 decade ago
i would have to DISAGREE with user-me.....i have been making jewelry for over 25 years and selling at a variety of venues....if u want to discount YOURSELF and your artistic ability THEN sell cheap....frankly i feel i am worth what i ask....it is all in how you present it....have an inviting booth...I definately recommend an EZ-UP tent if it is an outdoor show.....from the rafters i hang tulle and/or vine as well as a few bars with merchandise hanging from them....one of the BEST things i can suggest is to elevate your table..(you can fill pvc pipe with cement and set the table legs into this<not wet>)....you will notice a HUGE difference with a higher table.....iof course a nice (to the floor) table cloth.....I also have fresh flowers and a bowl of mints....any schmoozin is good!!...;-) .....as far as pricing....you must factor in several things....
1. your booth fee
2. materials used
3. time to produce
4.YOUR hourly wage....
the reason i do well is i can sell....that helps.....use the formal names of the materials and talk it up.....
ie) this is made from .925 sterling silver with Swarovski crystal...
and homemade lampwork beads.....KNOW the CORRECT names of the stones used if any......GET THEM TO TRY IT ON!!....assist if you must!
offer them an exchange/return policy...treat them more as a friend .......customer service goes a long way!!.....also remember....once you set your price low....it is harder to raise it, then to set them high and mark it down...and when you have a "sale" you are a goddess!....you can have buy one get one 1/2 off...everyone loves a deal!....but if they want it....they will buy it !
another money maker and to get people in your booth is to sell ice cold bottled water $1...that will get them in.....then you work your magic!.....do not sell yourself short!...you are worth more than what you think....and people will appreciate what you have to offer
if you want to just pump it out *sales*....do so....i consider mine more of an art medium......just make sure you have cover all your investments!
GOOD LUCK!!