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Pricing Handmade Decor Items?

February 22, 2020

This is just a small percentage of the things I make. Pricing is a problem for me.

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February 23, 20200 found this helpful
Best Answer

These are gorgeous! When I was trying to learn how to price services, I set up a survey monkey survey and asked my Facebook friends to vote. The survey was free and the info is very valuable.

With one of a kind pieces it is tough. You could search Etsy for like items and use the values as a gauge. Start high and negotiate.

Every market is different. Where I am, money is tight and people won't pay a lot. I have friends in other states who can fetch much more for things than I can.

In the survey monkey, ask where they are located. I can help you with this if you need guidance.

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February 24, 20200 found this helpful
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One simple way to price things you make is what I call the rule of three: take the cost of the materials and multiply by three. One third covers the materials, one third is your time making the item, and one third is your profit. Hope this helps!

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March 8, 20200 found this helpful
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wow, these are really nice. I would not sell them for much less than $40, even for a small item. Part of what makes it special is the handmade element. You are definitely NOT able to compete with some factory produced stuff from Asia, so lowballing should not be on your radar at all.

Something the size of a coffee tumbler should be at least $40, something the size of a bowling ball as much as $60, and on up.

I am assuming these are polished and well constructed. IF it's shoddy craftmanship, all bets are off

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February 29, 20200 found this helpful

First you want to be sure to cover costs of material, your time, shipping supplies (if you plan on shipping) then your profits. :)

As far as profits:
- is this a hobby?
- are you doing this for source of income, job completely?
- spare time?

if its a hobby, you may be happy with not getting as much profit.
if its a full time job, you may need a good amount to get by perhaps
if its spare time, you may be happy with getting some profit

all depends on you

also is the price you list something you would pay/buy?

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