I have a few hemp and beaded jewelry. I found a site a bit ago that said how to price them but I tried looking for it and now can't find it. Does anyone know how to price them or help me find that site again I think it materials x3 for wholesale and materials x2 for retail. Is that it or do I have it wrong?
I just found this pricing calculator at http://threddies.com/ look under software, and it gives a product description, i think it's like $5. But i thought of this thread when i saw it....
I think it would be materials plus your labor time 2 for wholesale and times 3 for retail. You always charge more for retail than for wholesale. Kathi
well you will probably never get paid fairly for labor.unless you make $10 necklaces in 30 minutes or less, like me. i start mine at $10. i add 5 for my wrapped stones, 5 for difficult knot work, 5 for expensive rare beads (all my beads are very nice though), sometimes i add 5 for custom work, i can add up to 10 for super big, super bling, sometimes i have to add 5 for a nicer stone. problem is is that no one wants to spend $20 on a piece of hemp. so i wouldnt make more than a couple of nice ones.
You first off take the cost of all materials. If you get them wholesale or cheaper than most people can get, it's ok to add a little to this sum to balance it out. I think it's perfectly acceptable to profit from hard forged connections and sources. Then you figure in the ammount of time it took to make the piece and how hard that work was. Figure out what you consider to be an acceptable hourly rate for the quality of the work and multiply that by hours spent on the piece. And there is a third category. If the piece is just REALLY nice. Like you were straight flowing and it came out super dope, add to your price. Devine inspiration doesn't come cheap. Add all that together and you have some idea of what is an acceptable price to charge. You also want to assess the market and see what it will bare. If other people are not charging very much for the type of item, that means people aren't buying to pricey on that type of item. You have to achieve the balance of staying competative while making a profit. My $0.02 Peace, Isaac http://www.nattywraps.com
