This is my way of pricing my items. Yes, they are a bit expensive, especially if you don’t know me in real life. Although that seems unfair, it is actually quite fair. Make no sense. Haha!
So the whole break down of the pricing is:
Materials +Expenses + Labor + Profit = Price
I wanted to stay simple and basic. I know a lot of other sellers add more things to it and such but that’s too complicated for me.
So Materials for me usually costs $2-3 max. I mean one tiny little eyepin +cell phone strap + a chunk of clay usually won’t cost too much and I think it’s a whole lot of bullshit to charge people the entire package of clay and findings. That can add up to $13 depending on where you live and the deals. That’s just the materials. Expenses, I try to charge as little as possible. I don’t charge for the tape, little baggies and other office supplies.
Labor. Labor in my case, has sculpting, baking, fixing a few things, re-baking, sanding, painting and glazing. Then packaging and sending the package. This all requires energy. This may be a surprise but I only charge as much as $4
(so far only $3 max actually) . Profit usually don’t hope for much but I need more than enough to actually pay the fees for etsy and paypal and make a profit.
Now as I said before I charge differently with my etsy and my social networking sites. Because I know everyone on my social networks, I usually either go to school to them or a couple bus rides away from them (of course, they come to me) so basically, that saves me on packaging expenses as well a labor (not that it can go any lower) but overall the price is a couple dollars less since I have no fees to pay either.
Etsy on the other hand, has crap load of fees as well as standards. A lot of people set their prices in the higher end area and others in the lower end. I don’t want to be selling below prices but I don’t want to be insane and charge $30 for something so hopefully I don’t make anything that’s insanely detailed and such to actually pass the $20-25 dollar range.
This was sort of a random little blog post but I thought I’d do one so if anyone asks I can refer them to this as well as a little insight of what I’m doing. I would love feedback! Do you charge lower or higher? Why or why not?
Total newb at selling. Haha! I always feel bad advertising.