How much to sell hand-made jewelry for?
I’ve been making my own jewelry recently and I’m wondering how much I could/should sell it for. I’ve made a few bracelets, necklaces, and mostly earrings. They’re all dangle earrings and some are chandelier earrings. I’ve heard that you’re supposed to apply a 40% increase to the cost of your materials to get the selling price. Is that true? If I spent about $8 on materials per pair of earrings am I supposed to charge about $11 per pair? Would you buy a pair of hand-made earrings for $11? I need to know soon because my mom is having an art sale and I’d like to try to sell some things too! Thanks very much! 
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PS. I didn’t know where to post it so that’s why it’s in 2 different categories. Sorry about that.
40 percent markup sounds modest… If you spend 8 bucks on materials, unless there’s alot of competition, you could easily mark it up 100 percent or more.. Retailers do that regularly with other stuff.. One example was Fred Meyer. I delivered stuff to them and walmart for years. One item was a glass coaster set, we sold it to Freds and Walmart for 4.50. Walmart sold it for 6.99, and fred meyer sold it for 12.99! Ridiculous.. Anyway take into account how much time you spend making each item too.. Lots of people go for handmade jewelry and they wouldn’t mind paying a few bucks more for it. Give it a shot! If it doesnt sell well at 16 bucks, mark it down to 14 or 12.. experiment.. Good luck!
This entry was posted on Thursday, March 11th, 2010 at 1:51 am and is filed under art for sale. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
March 11th, 2010 at 7:39 am
if your going to start selling sell to etsy.com
you can also see competitors prices there for reference
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March 11th, 2010 at 8:15 am
If you spent $8 on each pair of earrings for materials, then they must be pretty nice earrings! I think $11 is a fair price for them, in that case. You could even charge $12.
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March 11th, 2010 at 8:31 am
I would buy a pair of earring for $11 if it’s pretty.
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March 11th, 2010 at 9:02 am
Generally you put the cost of materials and assume you’re working around 8 dollars and hour and add how long it took you to make them.
But as a customer, 11 dollars sounds fair enough.
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March 11th, 2010 at 9:11 am
hi,
if you’re selling retail.. direct to the user (they won’t re-sell it) then you should use your cost X 3 to get retail price.
don’t forget to include your time along with the cost of materials. if the earrings are nice looking and won’t fall apart, i would pay $15-$20 for them.
check out this site.. they only sell hand made stuff… you may get some pricing ranges from there
http://www.etsy.com
good luck!
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March 11th, 2010 at 9:19 am
No 10$ yeaa
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March 11th, 2010 at 9:53 am
40 percent markup sounds modest… If you spend 8 bucks on materials, unless there’s alot of competition, you could easily mark it up 100 percent or more.. Retailers do that regularly with other stuff.. One example was Fred Meyer. I delivered stuff to them and walmart for years. One item was a glass coaster set, we sold it to Freds and Walmart for 4.50. Walmart sold it for 6.99, and fred meyer sold it for 12.99! Ridiculous.. Anyway take into account how much time you spend making each item too.. Lots of people go for handmade jewelry and they wouldn’t mind paying a few bucks more for it. Give it a shot! If it doesnt sell well at 16 bucks, mark it down to 14 or 12.. experiment.. Good luck!
References :