by how-to-price-crafts on July 20, 2012
A resource from “How to Price Crafts” for lowering your cost of materials is the Wholesale Craft Supplies Directory.
Tagged as: lower cost of goods, wholesale craft supplies
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Stand out from the crowd with 10 competitive ways to price crafts
Quickly learn how to price crafts as you make them
Boost your cash flow so you will never run out of money
Get 12 sources for buying craft supplies at the lowest possible costs
Save money at tax time with more than 40 overlooked tax deductions from your craft business
And a lot more!
Start getting more profits from your craft business today. Buy "How to Price Crafts" for Kindle only $4.99
When I was first learning to weave, I wove a sampler scarf using many different patterns, yarns, and colors that my teacher had given me to experiment with and learn from. It was a great feeling when two weeks after beginning (this same piece would now take me a few hours) I was ready to cut the finished piece off the loom.
As it happened, a friend was walking through the room and saw the scarf draped over my loom - it was my first commercial display. She fell in love with it and said she wanted to buy it.
Wow, was I excited! The only problem was I had no idea what to charge. After all, she was a friend and I was only a beginner. Meekly, I said “How about $20.” She said okay and that was my first sale. If I had known to check stores and craft fairs, I would have learned that scarves like mine were selling for $60 and up. Today, I would price the same scarf at $120 and get it easily.
That spur of the moment pricing decision wasn’t based on value. I didn’t stop to figure how many hours I had worked or the cost of the materials or what shoppers were accustomed to paying. And perhaps like you, I didn't know how to value my work and price appropriately.
Another lesson about a year later gave me an even bigger "Aha" moment. Shawls that I had been trying to sell for $75 just wouldn't move. So I improved the hang tags, accented the fine materials and upped the price to $110. Suddenly people started buying them.
Along my journey as a craft business owner, I've learned about pricing crafts as a real business owner and not just a hobbyist. This last year I "graduated" to opening a fine crafts gallery in Madrid, New Mexico.
What I have discovered about pricing crafts from my own experiences and other professional craft artists could fill a book. Well, in fact, it has. The lessons I've learned have earned and saved me thousands of dollars more than I would have without applying the tips and techniques found in "How to Price Crafts and Things You Make to Sell".
James Dillehay
Author
"I definitely recommend this book to anyone who has a dream of selling their craft items. I enjoyed reading this and plan on re-read to boost my business." ~ Emilee Reynolds, Sweetly Made
"I found this book very helpful and complete with everything I needed to start making money with the crafts I have been making for years. My daughter urged me to start this business, but I've never ran a business in my life so you can imagine how helpful this book was in helping me put all of the pieces of the puzzle together. Very in-depth info!" ~ Susan Woods
"The book is very easy to read and understand. It is also very up to date utilizing the internet to help get everything going and maintain a consistent stream of revenue. If you are interested in starting your own craft business then this book is a must-read before you begin." ~ Rashad Hussain
"Pricing your art is an impossible task that James Dillehay has totally solved. This book covers EVERYTHING you ever needed to know about how to price your hand made crafts. There were answers in this book for questions that I had no idea that I had until I read about them here. This book is super informative and helpful and if you are struggling with the question of how you decide what something that you have spent hours making should cost, this is your book." ~ CB Burton
"I have a growing stained glass business and have begun to make some decent money at what started as a hobby. The issue of how to price a certain piece has bothered me and nagged at my brain forever. This book is excellent. It gives you all the formulas and tools that you need to come up with a price that makes sense from a retail stand point as well as from an income stand point. The chapters in this book on selling limited edition pieces and on income tax deductions were also especially helpful as those are two areas that I did not know anything about. This book is well written, clear and thorough. Recommended." ~ Luis Noe
"I have been really happy that I got How to Price Crafts and Things You Make to Sell. It's a wonderful book that is filled with lots of great information. The book is easy to follow and understand. It was extremely helpful for me to learn how price the crafts I made so I was selling them and making a profit. It's a great book for anyone who makes crafts or other items for sale. All of the tips and information is the book was extremely helpful for me and my home craft business. I would recommend this book to everyone. I'm sure that once you read the book that you'll agree with me as well. " ~ Chicago Slim
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