Advice from those who crochet how do you price your piece i am leaning on starting a crochet business to get me through campus, for example this piece, i used 3 yarns the total time spent on it is unclear since i did it at my free time but maybe a total of 6-10 hours each yarn was 70. So how would you have priced it ? Also do you have a hidden gem for cheaper yarns ? Forgive the dust around the middle part(white yarns) 😅
You should consider the amount spent on every piece in material...that's the "cost of production" and then add a reasonable amount to get a final price so that it foots your labour and profits.
That's our economy, underpayment is irresistible but you have to be keen on what product you're making and selling. For now you can start with a small profit margin as you improve on the quality. As time goes by, you can then increase the price after penetrating through the market.
I suppose if you are really starting out, you can have a low ROI and do 1200 lowest price, then adjust the other recommended prices as necessary; 2600 for sizing...
Then you can have offers for your coursemates, going at 800. This undervalues your time, but unless you have a shop/store, it should be good& attract more customers.
You could also see about having custom tags& building your brand so you can charge more
Since you're looking to make it name-brand, you could also work on your brand identity; what would stand out most for you is a unique crochet/decoration pattern
Yea i already have an idea but i saw it somewhere else I hope that won't be illegal 😂 like the person gave me an idea but i won't be doing the same thing
I suppose unless it's trademarked you won't be in trouble; you could also offer 'custom' designs based around trademarked designs- as long as you don't specifically advertise it, you should be in the clear
Start simple, if you will be making bucket hats and if you are good by then charge a thousand. Something like this you can do it for 1500 depends on your clientele and how good your work is. You cannot charge more on a basic product while others are going above and beyond.
6
u/Very_Unruly 1d ago
Handmade products should be pricey. But do it in a way that the it doesn’t put off potential clients.