May 27th, 2006

fiber: Bluster Bay Shuttle

Thoughts on pricing, and making money thereof...

How does one price one's handmade goods? On the one hand, you want to make a profit; on the other, the goal is to move the stuff *out* of your house - if you overprice it, it won't move.

Let's start with handspun. (and I'm not touching the whole "art yarn" thing here. That would skew the prices totally out of line - we're talking a nice, pretty much evenly spun yarn, OK?) I've seen various ways of pricing: a) cost of raw materials times X (usually 2 or 3); b) X by the ounce; c) X by the yard; and d) a combination of a,b or c plus a factor for the time involved. I'm sure there are other ways folks price their yarn, but these seem to be the most common. How does this work out?

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So, what's the answer? What's the best way to price your stuff so it moves and you make a decent profit on it? (I'm not trying to make a living doing this stuff, but I would like to make enough to support my habit). How do you figure prices? Is it working for you? Do you charge a little less for less-than-perfect yarns/rovings/finished items? How much less? (I'm thinking demo stuff, here - my consistancy goes by the wayside when I have to stop/start/explain things 200 times a minute. The yarns are still good...but not my best work.)
QOW: Bad Day

quick

just got back from ER. girls did *not* go to stud farm - 2.5 hours of pleading/begging/threats/cussing and they would not get in trailer.

got stepped on 3x, wrist (left, of course) smashed into trailer wall twice.....gave up.

nothing looks broke, but they don't want to take chances. foot all wrapped up and crutches; wrist in brace that a dominatrix would love. gotta get pain meds later...

need to reply to last post...but hurts to type.