The subject of pricing is very common in crochet forums and groups. “How much should I charge?” is the daily question, but the answers vary – from giving advice on the techniques of pricing, to searching etsy so you can follow the lead of someone else.
There are four things to consider when setting your price.
Do you have all the supplies?
Sometimes people order items that take special supplies we have never used. When this happens there are two possible scenarios. Will you be able to use the extra supply again? If not, then charge for the extra item! If it is something that you keep for future use, think of it as an investment in your own company.
How much do your supplies cost?
Even if you have made an item 100 times, the cost of that item could be different each time! You have to consider the cost of your supplies. While one beanie may be made with value yarn, the other may be made with high quality art yarn. This will change your pricing dramatically!
Will you be shipping?
Sometimes shipping can cost an arm and a leg, but sometimes it is as simple as a trip to the local park to meet up with the customer. You can either have a set amount for shipping included in your original price, or you can add it on once you find out the cost, location, or if you are even shipping the item at all.
How much time have you put into the item?
Some crochet items can be worked up in no time, but others can take days, weeks, or even months of all day crochet! Some of us crochet to pass the time or even for therapeutic reasons. Some of us crochet for a living, while others crochet for donations and smiles.
These things play a factor in how you price for your time. So, unless you are crocheting for a cause…
Don't rip yourself off!
I am here to tell you that you're asking the wrong question! The real question you need to ask yourself is:
“Why should I over price?”
I have 5 simple answers to your question!
2. To gain new costumers! Not only do higher prices show what you are truly worth, but you can also have better sales and specials for all of your customers and followers.
3. If, once you are finished with your order, you feel like you may have really over priced, you can always throw something extra in to make sure they know you appreciate them as a customer.
5. Buying a nice scarf at the mall will cost you at least $15, so why wouldn't a handmade scarf cost more? I have seen simple crochet leg warmers in the stores for over $25… if people want handmade, they are usually more than happy to pay for the quality of handmade.