Thursday, May 14, 2015

Pricing your work

Probably the hardest thing about selling your handmade products is pricing them. You don't want your prices too high but you don't want them too low either. I have read several blogs, and articles on how to price your work, I just recently realized I am making nothing probably going in the hole actually:( this was very hard news for me to hear and see.

This time on ETSY I have made several sales both online and off, I began researching how to make my business official and begin keeping books, it was only then that I figured out I was not making as much as I thought I was

I want to give an example
For my scrabble tiles I had listed them for $5.95
Expenses to make the tile--$2.18
Fees to sell the tiles-- $1.50
Shipping fees--$2.82
Total cost to make --$6.50

Wow that brings me to negative 0.55

I found this formula to price your work

Labor cost+ materials+ expenses x 2.5= retail value

For my scrabble tiles it would be

3.50+ 6.50(I have already added the materials and expenses together) x2.5= $25.00

That is a little too steep but that is what it retails for I am selling the for $8.50 for a regular tile and 12.00 for a custom photo pendant

I really didn't want to increase my prices but in order to make a profit I have to. At 8.50 please realize I only bring in $2.00 per tile sold

Until next time
Happy Crafting
Danielle C

Staying busy

So I am amazed at how much Creative Corner has become so popular at the local salon and some local shops

I walked in to get my nails done and received 15 orders yeah that is right 15 orders I came straight home and began working on this massive order





When I dropped the order off I received 4 more orders and many requested my cards! Wow I cannot hardly believe it

I am now looking at some e-commerce options to gain a bigger customer base, stay tuned for some exciting things at creative corner


Until next time
Happy crafting
Danielle