Hi everyone! This post is for the queens out there with shops who sell crocheted items, not patterns. I was just wondering how y’all price your products. I currently charge abt $10 cad/hour + materials and profit, but it isnt very profitable for me. HELP
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I usually end up going with maybe $2 or $3 per hour and add in the cost of materials.
I know I’m definitely under pricing what the products should be worth, but I also have to be realistic about what people will pay in my area.
Example: Really cute amigurumi costs $3 and 4+ hours to make. Pricing models say price + wage (let’s say $10 USD in this case) x 4. So that would be $13 x 4, or $52. (Some will say even more, and it should be over $100)
No one is going to buy an amigurumi instead of a week/month worth of groceries.
So, instead, I price that amigurumi at a more realistic $12.
It really does depend on the area you live in and what people will realistically pay for something.
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Ty for the advice. Most amigurumis i c r either really cheap or really expensive
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I’m definitely under pricing, sometime I make like 1.5 of minimal hour pay for like 3/4 hours xd but I just want to crochet and get money for materials without having milion plushies. There is almost no way someone would buy them in higher price.
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I’ve seen that, too.
Small things that you know cost like $2 alone to make, but are sold for $1, and ones that you just go “huh…?” with how expensive they are/knowing the materials were easily less than $1 and it did not take over 20 hours to make it.
I don’t know whether or not to suggest watching the market prep videos on Youtube. For a while I started to get frustrated because they would have items they were selling for like $15, when I know I would never be able to get that (I would only be able to get $5 at the most for the same thing)
It wasn’t a “why am I not making that…?”, it was more of a “how are they able to charge that price?”
I did figure out what was upsetting me though: Seeing the size of the item and being confused it only took them like 30 minutes to make (when it would take me a few hours). Their items were made from plush yarn, not weight 4 acrylic. So of course their 30 minute item is naturally much bigger than what I would make.
So if you would watch them and go more with “yeah, I could get that where I live” or “that’s a bit high, but I could get it for this…”, that would probably be really helpful.
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