One or two Saturdays each month, we offer Mini-Lessons. These are 30 minute sessions where we introduce and explain a technique, go over the main choices you will need to make when implementing that technique, and then you get to practice it. We provide brief instruction, a handout, the materials and tools. Most are free, but some require a materials fee between $3.00 and $5.00.
How to apply a pricing formula to price your jewelry (free)
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. We use the formula to price 4 different pieces of jewelry.