Image credit: FairestLJ Esty Shop There are several schools of thought on how to price an item you have hand knit/crocheted. Ultimately the decision comes down to what you feel most comfortable letting that item go for. It is important that you don't sell yourself short, you are an artist and you have put a lot of time creating the item you are selling, not to mention the cost of your supplies. Here are a couple of formulas to help you decide what is best for you. Is there a formula you use? If so, add a comment letting us know what you do.
Cost of yarn + (.15 x number of yards used)= Retail Price of item
Materials + Expenses + Labor + Profit = Wholesale price x 2= Retail Price
Cost of materials x 3 = Retail Price
Cost of yarn + (.15 x number of yards used)= Retail Price of item
Materials + Expenses + Labor + Profit = Wholesale price x 2= Retail Price
Cost of materials x 3 = Retail Price
RSS Feed
