Comments on: The Business of Craft: Pricing, Part I http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/ Color the Ordinary Wed, 23 May 2012 03:16:28 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Asa Doolin http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-260385 Asa Doolin Wed, 18 Apr 2012 01:14:50 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-260385 Thanks so much for providing individuals with a very remarkable chance to read critical reviews from here. It can be so amazing and also stuffed with a lot of fun for me personally and my office mates to search your web site particularly 3 times per week to read the new things you have. And indeed, I'm just actually fascinated with the amazing tips served by you. Selected 4 tips in this post are in reality the most suitable I have had. Thanks so much for providing individuals with a very remarkable chance to read critical reviews from here. It can be so amazing and also stuffed with a lot of fun for me personally and my office mates to search your web site particularly 3 times per week to read the new things you have. And indeed, I’m just actually fascinated with the amazing tips served by you. Selected 4 tips in this post are in reality the most suitable I have had.

]]> By: roth conversion rules http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-249427 roth conversion rules Mon, 15 Aug 2011 06:27:13 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-249427 Somebody essentially help to make critically posts I would state. This is the first time I frequented your web page and to this point? I amazed with the research you made to make this particular publish extraordinary. Wonderful activity! Somebody essentially help to make critically posts I would state. This is the first time I frequented your web page and to this point? I amazed with the research you made to make this particular publish extraordinary. Wonderful activity!

]]> By: Katherine http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-234056 Katherine Sat, 20 Nov 2010 11:51:54 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-234056 I read the spreadsheet with great interest and thanks for sharing. However, as a sewist for 45 years, I know that almost nothing sells for what you have in it. For instance, I can spend days making a bag and the most I will get for it will be about $30 if I'm lucky. Or I can spend 1 day embroidering a design on pre-made aprons (bought on sale for about $3.50) and sell it for $15 easy. The result is, I can make about $20 for 3 days of work or I can make about $33 for one day of work. Problem is that the apron project is very boring and I love making bags! The thought of making anything for wholesale doesn't work for me. I would want to hang up my sewing machine forever if I had to make pencil cases or anything else all day, every day. Thanks for sharing. I read the spreadsheet with great interest and thanks for sharing. However, as a sewist for 45 years, I know that almost nothing sells for what you have in it. For instance, I can spend days making a bag and the most I will get for it will be about $30 if I’m lucky. Or I can spend 1 day embroidering a design on pre-made aprons (bought on sale for about $3.50) and sell it for $15 easy. The result is, I can make about $20 for 3 days of work or I can make about $33 for one day of work. Problem is that the apron project is very boring and I love making bags!

The thought of making anything for wholesale doesn’t work for me. I would want to hang up my sewing machine forever if I had to make pencil cases or anything else all day, every day.

Thanks for sharing.

]]> By: Joanne http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-232896 Joanne Sat, 06 Nov 2010 14:22:09 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-232896 Thanks for posting the second part as well. I'm a crafter (among others) at Etsy and eCrater and I never know how to price my jewelry right. I either feel it's too low, or that I rip off my clients. It's difficult to find the right balance where you have a win-win situation. Thanks for posting the second part as well. I’m a crafter (among others) at Etsy and eCrater and I never know how to price my jewelry right. I either feel it’s too low, or that I rip off my clients. It’s difficult to find the right balance where you have a win-win situation.

]]> By: Kathy http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-176661 Kathy Tue, 30 Dec 2008 17:45:39 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-176661 Second Post here: http://pinkchalkstudio.com/blog/2008/10/06/the-business-of-craft-pricing-cost-of-materials/ Second Post here:
http://pinkchalkstudio.com/blog/2008/10/06/the-business-of-craft-pricing-cost-of-materials/

]]> By: Mayya http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-176563 Mayya Tue, 30 Dec 2008 11:02:16 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-176563 Thank you so much for this you really broke it down and i was wondering if you could please post part II of the pricing? Thank you so much for this you really broke it down and i was wondering if you could please post part II of the pricing?

]]> By: aikanae http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-146257 aikanae Wed, 29 Oct 2008 22:27:15 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-146257 Although not as detailed, a fast in-my-head-as-I'm-shopping formula I've used is 1/3's. I use a lot of vintage material so sometimes it's helpful to make quick decisions. 1/3 materials and overhead + 1/3 labor + 1/3 profit. That basically means if I can't spend more than 1/3 of the final price that I think I can sell it for on materials. That formula has helped me from making impulsive splurges on things that are gorgeous, but are impractical because I wouldn't see a realistic return on them. It's also sort of a creative challenge on-the-fly to come up with a different product that I could realistically price at a point that would make buying that item worthwhile. I've had a few epiphany's just standing and staring for a few minutes in front of a vendor at the flea market (lol!) with that formula in mind. Although not as detailed, a fast in-my-head-as-I’m-shopping formula I’ve used is 1/3′s. I use a lot of vintage material so sometimes it’s helpful to make quick decisions. 1/3 materials and overhead + 1/3 labor + 1/3 profit. That basically means if I can’t spend more than 1/3 of the final price that I think I can sell it for on materials. That formula has helped me from making impulsive splurges on things that are gorgeous, but are impractical because I wouldn’t see a realistic return on them.

It’s also sort of a creative challenge on-the-fly to come up with a different product that I could realistically price at a point that would make buying that item worthwhile. I’ve had a few epiphany’s just standing and staring for a few minutes in front of a vendor at the flea market (lol!) with that formula in mind.

]]> By: andrea http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-141697 andrea Mon, 06 Oct 2008 19:35:33 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-141697 Hi- This post was very informative . I have been selling at craft shows for a few years and have opened an etsy shop this past May and realise I have never really been confident enough to give myself a decent hourly rate . I will try out your spreadsheet example on future projects . Thanks, Andrea Hi-
This post was very informative .
I have been selling at craft shows for a few years and have opened an etsy shop this past May and realise I have never really been confident enough to give myself a decent hourly rate . I will try out your spreadsheet example on future projects . Thanks,
Andrea

]]> By: Rachel http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-141693 Rachel Mon, 06 Oct 2008 19:31:14 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-141693 This is really fantastic information. I'll be linking to this. This is really fantastic information. I’ll be linking to this.

]]> By: Jessica http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/comment-page-1/#comment-140569 Jessica Sun, 05 Oct 2008 12:39:09 +0000 http://pinkchalkstudio.com/blog/2008/10/02/the-business-of-craft-pricing-part-i/#comment-140569 I really appreciate your kindness to share this with us. I was kind of doing the same thing and it just reaffirms that I'm headed in the right direction with how I will do my pricing. Thanks a bunch! :) I really appreciate your kindness to share this with us. I was kind of doing the same thing and it just reaffirms that I’m headed in the right direction with how I will do my pricing. Thanks a bunch! :)

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