Please help a newbie here !

[Russ Nobbs]

Hi Denise,

There are lots of theories and formulae for pricing. It's not an exact science

The forums at crafts report and the other places have several threads about pricing,

If you don't have any beads and the hemp cost is nominal try to figure out how many you can make in an hour. If you make, say, 10 and sell them for ŭ each you are making โ an hour (not counting time when you are selling) That would be really good!  Figure out what you'd like to earn an hour. Divide that by the number you can make and you have a starting point.

Does it seem too cheap? Too expensive? Adjust your price.

If you use beads figure that you should double or triple the price you paid for the beads PLUS get paid something for the time you were making them.

If you plan on wholesaling them you want to have enough markup so you can sell to a store at 1/2 of your price to the public.

Then there is the public. If you set them out on a table and everyone says "That's too high!" then you probably need to lower your price of find a way to make them faster/cheaper.  If they sell right away you may be pricing them too low.

Your prices given sound fair. I can't really tell without seeing how complex the designs are or how expensive the beads are.

Hope this helps.  

[denisemager]

Someone please give me advice.  I recently started to sell hemp and beaded jewelry.  I have no idea on what to charge.  I don't want to lose money by charging too low, and I don't want people to look away after seeing my prices are too high.  I mean after all, hemp and beads aren't cheap.  I want to make some kind of a profit.  Do I charge by the beads I use, and what if a piece has no beads ?  right now I charge 3.00 for a keychain, 5.00 for a bracelet, 6.00 for a anklet, 7.00 for a choker, and 8.00 for a necklace.  what does anyone think of these ?  too low or what ?

Any help will be greatly appreciated

[bonnyhill]

I'm curious to know if you are doing macrame with your hemp.  You really want to make sure you charge for your time.  On the other hand....macrame sometimes takes a while and then it becomes a labor of love.  On a few items you might not get your "time" out of them....but that's just the way it works with slower crafts/arts.  I used to crochet victorian Christmas ornaments.  Some would take HOURS to make but you couldn't get the public to pay more than ŭ each.  This would be one of the reasons I'm beading now.  If you are stringing beads on your hemp.....I think your prices seem good.  Oh yes....don't forget common sense...if someone says, "WOW...is that all??  I'll take 10." , hurry and raise your price before you get another customer.  Best of luck.  Cindy at Bonny Hill Designs