eHow launches Android app: Get the best of eHow on the go.

How To

How to Price Crafts for Sale

Contributor
By eHow Contributing Writer
(2 Ratings)

You've worked so hard to create your projects to sell at a craft fair, you don't want to end up with a table that's as full as it was when you started or sell everything and actually lose money. Price your crafts so each sale will be appealing to the customer and fair to you at the same time.

Difficulty: Moderately Easy
Instructions
  1. Step 1

    Calculate how much you spent on the materials for each project and how much time it took to create it. Take both into account when you determine a fair "wage" for your effort. You may also want to factor in the fee for renting the booth and travel costs to ensure you come out ahead.

  2. Step 2

    Tour other crafts fairs to see what fellow crafters are charging for similar items. Although you can also visit craft stores to compare, remember that they have to pay more overhead and therefore need to charge more.

  3. Step 3

    Determine how original the items are. If you're selling handmade cards and know that there will be four other tables offering them, too, you may need to keep your prices down to be competitive with the other crafters. If you're the only one who's made wood birdhouses, however, you can afford to mark them up a little.

  4. Step 4

    Price your seasonal items reasonably if you'd rather not pack them up and store them until the next holiday crafts show. If the show is drawing to a close and you've still got a lot of inventory, consider offering a "buy one, get one free" sale to move the merchandise.

Tips & Warnings
  • Make more money by finding additional crafts shows where you can market your projects.
Subscribe

Post a Comment

Post a Comment

Related Ads

  • Have you done this? Click here to let us know.
I Did This
Get Free Business Newsletters

Copyright © 1999-2010 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy .   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. † requires javascript

eHow Business
eHow_eHow Business and Finance