has anyone ever sold crafts I want to try but not sure how to price items?
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Consider your costs involved in making the crafts… raw materials and especially, your time… what’s your time worth to you?
Price them accordingly. Check out the competition and see what they’re getting for similiar products.
Build a clientele and word will get around soon enough based on originality, quality, availability and price.
Good luck.
There’s no simple answer, but here goes. Keep good records of your costs and materials. If you have specific items you want to sell you can get a close estimate of your selling price by counting the time it takes to make the product and the material cost. Multiply your time by what you think your time is worth or what you would like to be paid per hour. Multiply your materials cost by 2, then add both figures together. Add in an estimate for your overhead (electric, ect.) Now the tricky part-look around and see what comperable crafts (not overseas junk) are selling for in your area or on auctions like ebay. You’ll probably have to adjust your price again. Go online to auctions, check out crafts malls, go to festivals selling handmade crafts. Experience is your best teacher and most important of all Do Not Under Sell Yourself! Hope this helps.
A good rule of thumb is: Cost of supplies x 2 = suggested retail + sales tax (if applicable)
This is the formula I use when I am working Flea Markets, Charity Fundraisers or selling custom jewelry.
Good luck!