Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
has anyone ever sold crafts I want to try but not sure how to price items?
4 Answers
- Angie P.Lv 61 decade agoFavorite Answer
A good rule of thumb is: Cost of supplies x 2 = suggested retail + sales tax (if applicable)
This is the formula I use when I am working Flea Markets, Charity Fundraisers or selling custom jewelry.
Good luck!
- 1 decade ago
There's no simple answer, but here goes. Keep good records of your costs and materials. If you have specific items you want to sell you can get a close estimate of your selling price by counting the time it takes to make the product and the material cost. Multiply your time by what you think your time is worth or what you would like to be paid per hour. Multiply your materials cost by 2, then add both figures together. Add in an estimate for your overhead (electric, ect.) Now the tricky part-look around and see what comperable crafts (not overseas junk) are selling for in your area or on auctions like ebay. You'll probably have to adjust your price again. Go online to auctions, check out crafts malls, go to festivals selling handmade crafts. Experience is your best teacher and most important of all Do Not Under Sell Yourself! Hope this helps.
Source(s): 20+ years in the sewing & quiltmaking market. - J.D.Lv 61 decade ago
Consider your costs involved in making the crafts... raw materials and especially, your time... what's your time worth to you?
Price them accordingly. Check out the competition and see what they're getting for similiar products.
Build a clientele and word will get around soon enough based on originality, quality, availability and price.
Good luck.
- Anonymous5 years ago
solid i'd think that you in simple terms cost it in accordance to what the market will undergo - countless artists promote on ebay, try reckoning on there and seeing what expenses parts are fetching at auction. evaluate the mind-blowing of what you word there on your own paintings and value therefore. you ought to even prefer to attempt promoting on there your self - some seem to do solid there. mind-blowing success! Edit- now no longer certain I evaluate the nature who reported something lower than £one hundred is too low-fee - i have offered some great bits of ordinary paintings on ebay for below £50, that's as a lot because the guy artist to ascertain what slightly is nicely worth. I for my section ought to no longer cope with to pay for £one hundred paintings in the present day, so i'm going for the extra low priced paintings.