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Entrepreneurship:  Opinions needed...  |
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
 Posted - Aug 20 2014 : 6:38:23 PM
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Not sure if this pic is showing up or not, but I have started creating these wreaths and I am having a blast. I have looked on Etsy and Pinterest and haven't found any quite like mine. I am getting ready to meet with a coffee shop manager who sells local art and I am wondering what price to put on them...The supplies cost close to $20 and of course, there is the time it takes to create them. I have tried to get a good estimate of pricing to see what other similar items cost on Etsy, but the prices are all over the place there... any suggestions? I have more wreaths and will try to post more pics...Also would like suggestions on a name for my business... thanks in advance!!!
Farmgirl Sister # 241
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 20 2014 : 6:39:32 PM
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Farmgirl Sister # 241
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 20 2014 : 6:40:25 PM
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Sorry they are sideways!!!
Farmgirl Sister # 241
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 21 2014 : 06:48:04 AM
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Will post some more pics soon...have 2 more that I am currently working on. Any pricing suggestions would be great.
Farmgirl Sister # 241
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churunga
True Blue Farmgirl
3919 Posts
Marie
Minneapolis
MN
USA
3919 Posts |
Posted - Aug 21 2014 : 08:48:03 AM
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How much time do they take to make and how much is your time worth? Make that calculation and add it to the cost of the materials. Next, multiply that by 33% and add that to time and labor. Example: Materials - $20, Time - 1 hour, Hourly Wage - $10. Cost of materials and labor = $30. Markup = $10. Total price = $40.
Marie, Sister #5142
Farmgirl of the Month May 2014
Try everything once and the fun things twice. |
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 21 2014 : 09:09:07 AM
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Marie, Thank you so so much for your input! This info is SO helpful!!! Each wreath takes about 2 hours (roughly). So, based on your info, I should charge $50.00.
Farmgirl Sister # 241
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 21 2014 : 09:11:16 AM
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I am thinking about starting an etsy shop, too...just hoping that they are different enough to stand out in the Etsy world.
Farmgirl Sister # 241
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notathreatinsight
True Blue Farmgirl
626 Posts
Erin
Monroeville
IN
USA
626 Posts |
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 21 2014 : 1:16:42 PM
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Awww, thank you,Erin!! Your opinions mean a lot to me...I have been crafting forever, but the business part is new to me. If anyone knows someone wanting a wreath like these, send me an email :-) I will customize with an initial.
Farmgirl Sister # 241
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rksmith
True Blue Farmgirl
858 Posts
Rachel
Clayton
GA
USA
858 Posts |
Posted - Aug 22 2014 : 8:54:07 PM
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I like Marie's suggestion for figuring the cost. There is also an ipad (and I'm sure iphone) app for figuring up how to price your crafts that takes into account the supplies, time and taxes (I think, can't recall 100% on that part). Your wreaths are beautiful! Ones that I've seen in shops usually go for around $50 (and up, I've seen a few that are $100) so you should be on the mark with charging that. Good fortune!!!
Rachel
Farmgirl Sister #2753
True enlightenment is nothing but the nature of one's own self being fully realised-- His Holiness the Dali Lama
www.madameapothecary.com |
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 24 2014 : 7:49:36 PM
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Rachel, thank you so much for the info and encouragement!!!
Farmgirl Sister # 241
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texdane
Farmgirl Legend Chapter Leader Chapter Guru
4658 Posts
Nicole
Sandy Hook
CT
USA
4658 Posts |
Posted - Aug 26 2014 : 07:19:56 AM
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Beautiful!
Farmgirl Hugs,
Nicole
Farmgirl Sister #1155
KNITTER, JAM-MAKER AND MOM EXTRAORDINAIRE
Chapter Leader, Connecticut Simpler Life Sisters
Farmgirl of the Month, January 2013
Suburban Farmgirl Blogger
http://sfgblog.maryjanesfarm.org/ |
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kysheeplady
True Blue Farmgirl
1291 Posts
Teri
KY
USA
1291 Posts |
Posted - Aug 26 2014 : 07:50:19 AM
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When pricing, don't forget shipping cost is going to be a BIG factor.
I make fresh Sweet Annie wreaths and they cost a lot to ship (weight of fresh herb). So some times you have to think about that too. My costs are low as I use a lot of recycled frames for my wreaths.
I know when I shop on line I ALWAYS look at the shipping cost and add that to the price of the item. Sometimes more often than not I can get the item I want locally at a fraction of the cost on line.
Good luck with your sales, your wreaths are very pretty.
Teri
"There are black sheep in every flock"
www.whitesheepfarm.com
https://www.etsy.com/shop/whitesheepprimitive |
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Rosemary
True Blue Farmgirl
1825 Posts
Virginia
USA
1825 Posts |
Posted - Aug 26 2014 : 4:39:36 PM
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| Cecily, have you looked into ways of reducing your cost of materials? |
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BarnChickCecily
True Blue Farmgirl
673 Posts
Cecily
Corydon
IN
USA
673 Posts |
Posted - Aug 26 2014 : 5:11:38 PM
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Thank you Nicole and Teri!! I really appreciate the tip on the shipping cost!!!
Rosemary, thank you so much for the suggestion, and Yes, I am looking for used wreaths at the Goodwill to recycle...they are around $2-$3 there ;-) Any suggestions for finding burlap wire ribbon for cheap? I am paying about $5 per roll...and I use a lot.
Farmgirl Sister # 241
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Edited by - BarnChickCecily on Aug 26 2014 5:12:51 PM |
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Entrepreneurship: Opinions needed... |
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Opinions needed...
