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Help pricing my handmade goods?
I have knitted, cotton crocheted, and cross-stitched items that I need help with finding a price for them. They are both small and large projects, so in order to get a good price for each I want to add in a flexible cost for time used from beginning to end. How should I estimate and incorporate this into the final price of each item? Is there a formula to go by?
Well the good thing is you can always command a higher price with handmade goods versus commercial-made goods. When people know that they are buying a handcraft, they generally are aware that they will pay a higher price versus the same item they might buy from the store. So with that said, you don't want to inflate your price, but price at what you know it is worth. And also, when you're just completely at a lost and don't even know where to start with the price, just go on the internet and look at other handcrafted goods in your category. That seems to always help.
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