MINI-LESSON Apply A Pricing Formula For Your Jewelry (or other Craft)
by Warren Feld, firstname.lastname@example.org
1-page download handout
Most people either underprice or overprice their jewelry, when trying to sell it. Often they do not account for all the costs involved, or do not have a consistent way of taking these costs into account. In this Mini Lesson, we learn to apply a formula which interrelates the costs of parts, labor and overhead. The formula is used to create a fair retail price. It can be adapted to create a fair wholesale price, as well. We learn about the different cost components. We learn this simple formula and how to apply it.