Deciding how much to charge for items that you make can be daunting. If your home business has your selling premodern items then this is not for you. There are many factors that go into pricing.
Here is a pricing formula (I found this on Pinterest) that you came use to help you:
Time + materials = cost
Cost x 2 = wholesale cost
Wholesale x 2 = retail price
I do think that you have to look at the area you live and others in that area as to what they price since that will have a factor on pricing. Sometimes people are not willing to pay the price of your time even if you handcraft is exquisite. On the other hand don't sell your work short.
Definitely a fine line!
1 comment:
That's about the same equation for a book's price.
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