How Do You Price Handmade Jewelry For Sale

One of the challenges that artisans face when starting an arts and crafts business such as selling handmade cards or any handmade items is setting the price.

How do you price handmade jewelry for sale. Because this sort of exchange is more labor and price intensive on your part you want to charge anywhere from 14 2 times your wholesale price. This article will discuss the following. There are a few different formulas you can use when pricing your jewelry.

Once youve gotten a sense of the range the best bet is to price your items right in the middle. If youre using higher quality materials or theres something truly unique about your specific craft you might skew higher. That gets you to 45hour of profit after materials cost but note that i set labor as 10hr and marked up your prices twice once for wholesale and again for retail.

Our calculator has been updated for 2019 to show pricing based on the new etsy fee structure. But if you do this youve gotta make sure your marketing really stands out. However youll need to think about how and where youre going to sell before you put a price tag on your work.

You have sticker shock. Having said that if you lowered your labor to 10 15hour and follow the pricing guide again youll see that you actually pocket about 90 if you sold one of your bracelets at retail price. Youve suddenly convinced yourself that no one will pay that much for a piece of handmade beaded jewelry.

So youve finished your piece of beaded jewelry for your business done your math to calculate the price of the finished piece and. Our 2019 pricing and profit calculator will show you along with your estimated profit margin. Pricing handmade jewelry is one topic that jewelry artists never agree on.

How to find the base price for your beaded jewelry a pretty green and yellow jade necklace earrings and bracelet set that i made with those little bitty beads i talked about earlier. This jewelry pricing formula does not provide realistic prices if youre purchasing your supplies at full retail prices from a local craft store or bead store. Make sure you come up with a wholesale and retail price early on in your business development because later it can be too difficult to backtrack and do this.

There are lots of different viewpoints and philosophies. The price of the card needs to reflect the work and the materials used and also return a profit for the maker yet also needs to ensure that the card is affordable for the customer. Things to consider when pricing your jewelry including those you may not have thought of.

The eternal question for jewelry artists. But remember youre not trying to sell this piece as a bargain.