pricing your DIY jewelry. NOT SURE HOW

14 replies / 200 views / posted by LaRhea P. 5 months ago

LaRhea P.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

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.

Please let me know of your suggestions or how you price your DIY projects.

Greatly appreciated <3

Shortcuts:      j - down      k - up      t - top      b - bottom      tab - reply     
Eve Vent

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 Jones

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 Violet

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.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

@Poppy Lee J.

Here is one of my necklaces. made from deerskin leather i dyed myself, and bone beads and such.

Photobucket
Photobucket

and thank you guys for your help!

posted Dec 30, 2011

Poppy Lee Jones

Poppy Lee J.

THE CITY ,
Germany

451 posts

Member since: 04/22/2011

@LaRhea P.

and whats the price of the materials?

posted Dec 31, 2011

LaRhea P.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

@Poppy Lee J.

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 Jones

Poppy Lee J.

THE CITY ,
Germany

451 posts

Member since: 04/22/2011

@LaRhea P.

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.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

@Poppy Lee J.

I will ask around, thanks for your help :]

posted Dec 31, 2011

Emma E

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.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

@Emma E.

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 Harrison

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

Emma E.

LITHUANIA,
Lithuania

372 posts

OG since: 04/29/2010

@LaRhea P.

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.

LaRhea P.

WASHINGTON,
United States

50 posts

Member since: 11/11/2010

Thanks! :]

posted Jan 1, 2012

You must be logged in to post a reply.