answer 1
I usually double my costs, but that doesn't always take into account a lot of labor, such as stringing seed beads!
answered 5 months, 3 weeks ago
answer 2
The one I use is the cost of my product times 2.5 (at the least). If something is more labor-intensive, then I'll mark it up 3 or more times, depending on material. But you might also want to charge a flat rate of how long the item takes to make (for example, you want to make at least $20 an hour). Also watch for perceived value -- if a beaded necklace is made with plated wire and seed beads but is very elaborate, it's hard to charge a lot of money, even if you spent hours on it. Play around with it a little, and I think you'll find a formula that fits.
answered 5 months, 3 weeks ago
answer 3
The most common formula I have found is to take your cost for materials and multiply it by 4, add 10% for overhead and add your labor. I find this to be somewhat expensive but have found other vendors charging this type of price. I usually multiply my cost by 2, add 10% and my labor.
Hope this helps.
answered 5 months, 3 weeks ago
answer 4
Hi,
This is a great question. I can only tell you what I do. When purchasing items I note on the package/baggie the cost of each item before storing away. Then I know what each item costs me.
Then I figure out the total cost of each item in my project, double or triple that amount and then add my labor costs.
When starting out you forget about adding in your labor costs and you wind up cheating yourself. So in the beginning charge $5.00 more if your work is excellent. After a few sales you will know if you should charge more or less for your creations.
Hope this helps.
www.CherylCoccaro.com
answered 6 months ago
by
Cheryl Coccaro
- Cape Cod
answer 5
We have an article in our Seller's Secrets section written by Ruby Lane on pricing tips for selling your jewelry, and this may be of assistance to you. You can view this article via the following link:
http://www.artbeads.com/sellers-secrets-jewelry-pricing-tips.html
Number One Contributor
answered 6 months ago
by
Artbeads.com Customer Service Team