pricing your DIY jewelry. NOT SURE HOW
14 replies / 200 views / posted by LaRhea P. 5 months ago
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So I made some jewelry recently and have thought about selling it, but im not sure how to price it. Obviously i would add the cost of the materials,beads etc. but other than that Im not sure. Like if i spent a 3 hours on it, how would i price that? Or would I just add some to the price of the materials? Bleh I just dont really know.
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Eve V.
Canada
16 posts
Member since: 04/27/2011
I usually have a generic price for all my pieces just to maintain clarity with currency prices. I would suggest you add your tax as well so the customer wouldn't have to calculate it. Also, how I originally priced my earlier pieces was, "If I were to buy this, how much would I would be willing to pay for it?"
I hope I've helped.
posted Dec 30, 2011
Poppy Lee J.
THE CITY ,
Germany
451 posts
Member since: 04/22/2011
do you have any photos of your jewelry?
if you want to sell them it's more about how they look then how much time you have spend on them. it's a pity, but unfortunately that's just the way it is. anyways, i wouldn't want to sell my diy stuff for ridicilously low prices either.. i would ask friends (or post a photo here and ask lb members) how much they would spend on them and then see if it compares to your idea of price range. :)
posted Dec 30, 2011
Vicky V.
ANTWERP,
Belgium
928 posts
OG since: 09/03/2008
Might be helpful:
wikihow.com/Price-Your-Jewelry-Designs
posted Dec 30, 2011
LaRhea P.
WASHINGTON,
United States
50 posts
Member since: 11/11/2010
Here is one of my necklaces. made from deerskin leather i dyed myself, and bone beads and such.
and thank you guys for your help!
posted Dec 30, 2011
Poppy Lee J.
THE CITY ,
Germany
451 posts
Member since: 04/22/2011
and whats the price of the materials?
posted Dec 31, 2011
LaRhea P.
WASHINGTON,
United States
50 posts
Member since: 11/11/2010
about 20 dollars. Im not sure of the exact price because some of the materials i was given or already had from a long time ago.
posted Dec 31, 2011
Poppy Lee J.
THE CITY ,
Germany
451 posts
Member since: 04/22/2011
then I would maybe sell it for something like 30-40 dollars.. but that's just my opinion, ask some more people :)
posted Dec 31, 2011
LaRhea P.
WASHINGTON,
United States
50 posts
Member since: 11/11/2010
I will ask around, thanks for your help :]
posted Dec 31, 2011
Emma E.
LITHUANIA,
Lithuania
372 posts
OG since: 04/29/2010
I, personally, wouldn't want to pay 30-40 dollars for that even though the materials and the necklace itself may be good quality, it isn't something one would wear very often. Seldom people buy expensive things to put them on once a season.
posted Dec 31, 2011
LaRhea P.
WASHINGTON,
United States
50 posts
Member since: 11/11/2010
Thanks for your honesty! I actually was inspired from this necklace
freepeople.com/accessories-jewelry/turquoise-warrior-necklce/
which is definitely more expensive than i would ever pay.
and this also brings up another question. My necklace is quite similar, would i get in trouble for trying to sell it?
posted Dec 31, 2011
B H.
AMONG THE MANY TREES,
United States
13 posts
Member since: 07/09/2011
Take the price of materials, say $20, and choose a set price for your time for each piece you sell. Say, $6 per hour of work. So for three hours of work and material cost, you would make $38, and $18 would be profit. Whatever you choose for your "hourly rate" you should keep as a set thing, simply for ease of calculating cost and so customers can know what to expect not only from the quality of the piece but from the consistency in the price.
As for people buying expensive things, I own a few and I cherish them more than the cheap things you can buy in stores. If it really is good quality and you get good feedback, you may not sell a lot but you'll have a good handful of loyal customers to spread the word. :)
posted Jan 1, 2012
Emma E.
LITHUANIA,
Lithuania
372 posts
OG since: 04/29/2010
You're right, it is way more expensive than most of us could pay for that kind of thing!
I don't think you could get in trouble for that. People make designer knock-offs and it's fine so if you make one or two things that look simillar (not exact copies) you'll be ok.
posted Jan 1, 2012
LaRhea P.
WASHINGTON,
United States
50 posts
Member since: 11/11/2010
Thanks! :]
posted Jan 1, 2012