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How to price crochet products!🤑
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- เผยแพร่เมื่อ 21 มี.ค. 2023
- As a crocheter, it can be tough to figure out how to price our work! You don't want to undercharge and undervalue your time and effort, but you also don't want to overcharge and drive away potential customers! So, how do you strike the right balance? Here's a step-by-step guide to help you determine the right starting price for your crochet items!
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Hope today's video was helpful!❤ Is there a system you've been using to price your products that works for you? Let us know here!⬇
How much per hour?
I started using this method (but I charge myself below minimum wage)! Then, my boyfriend calculated the time for a project and divided it by the number of stitches, and we came up with a number of stitches per minute that I do. It helps me figure out how much time a new pattern will take me and to estimate the price! I then confirm the time and price while doing the project!
Thanks for sharing!!! I love this 😍 definitely going to try it out!
It seems from the comments that people's perceptions re pricing of products because they see 'home made' instead of 'hand crafted' is universal: I actually had one lady sneeringly say my products should be cheaper as they are home made. Cue soap box! I asked whether she could make my items herself or knew of someone who would make them cheaper for her. She said 'no'. I told her that my skills, honed over decades, the time I put in making it, were as valuable as anyone else's and my unique products were priced to reflect that. If she felt otherwise could she please move on so I could serve people who appreciated that. I never saw her again, the cheeky cow! Don't underestimate quality and pricing especially with something like crochet which cannot be reproduced mechanically.
Totally! It’s important to remember crochet can’t be replicated my a machine which is that much more valuable! Good for you for staying true to your worth!❤️
Pricing is very difficult for me because as a beginner amigurumi maker. I feel like it takes me longer to make things than it probably takes other makers so my products would end up costing a lot more.
My mindset right now though is that I’m really enjoying making things and if someone will find joy in what I’m making than I will charge as much as I feel I can get for it.
And maybe in the future when Im more experienced and making more intricate and unique things - I can charge more. 😊
I totally understand! Do what works for you:)
This is great for some items but definitely not all. I think adding everything together is a more appropriate price. I just made a bear that took me maybe 8 hours, 2$ of yarn from dollar tree and say my hourly is 11 since thats about minimum wage where I live. 8×11+2=90 but if I do 8+11+2=21. Id pay 21 for it but not 90. I understand why you'd wanna do it by hourly like a regular job but for most items its not going to make sense. No one is going to pay 90$ for a 8" bear lol It still has to be realistic. I think trying the multiplication method or adding method than adjusting to where you would personally buy it would work.
I JUST TOLD MY GRANDMOTHER a few secs ago, Timing myself is my biggest problem. I end up taking it out/frogging and re-crocheting it all over again. Lol.
Hahaha too funny:) at least once you time yourself for one project you don’t have to do it again❤️
People will pay. It is tough but stick to your prices if you think they are good prices. I also go on Etsy after I price my items and try to compare. Maybe that isn't the best idea, but it helps me keep me calm and confident in my prices. Most times, they are selling them higher online, which makes me feel about my price since I'm not shipping it or whatever.
Thank you so much for this video. It helped a lot and gave me peace of mind.
Yes I’ve done this before too! Helps knowing other people are selling for those prices too:) glad it was helpful!!
This is so helpful i used to charge myself below minimum wage, the same kind of method but below minimum wage and now that I got a better understanding of how to do it. I will most definitely be doing this. Thank you so much.
Glad it was helpful!❤️🥰
My pricing is similar but varies depending on the location of the market. Farmers markets are a bit lower while big events in nicer areas are a bit higher. It’s not a huge difference, but it helps balance out what I want to make vs what I need to make.
Great point!
This was so helpful, definitely going to try out your method! Thank you so much Camryn for bringing joy through crocheting and sharing all your wisdom on the business with us!! 💗💗💗
You are so welcome!:) so glad it was helpful!
what i do to get how much time i made my crochet is i use stopwatch in my phone. i time per part because i do different stitches.
For example in my coin purse project:
* 8 rows of sc base = 26 min
* i have 3 partitions in it using dc & ch. 1 partition is 24 min x 3 = 72 min
* for the main body i take how much time i stitch each row. i do it for 3 rows to see the average time per row which is approx. 34 min then I multiply to the total rows
+ assembly time
i use a thin yarn and do colorwork for the main body thats why it took me a lot of time 😅
and there are times i forget to pause or start my stopwatch so i try again to time the part well on the next piece or estimate the time base on the clock.
I just found your channel. Recording is so hard as I have 3 kids but tonight I’ll be able to since I have the energy to mainly but thank you so much for this video. Crochet isn’t for everyone and it’s those who love the art that will pay. I’ve learned this in my short time of crocheting. I just watched the keychain video and I love those so much!
Awww I love this!❤️ so glad you’re loving the videos! Lots more coming soon:)
I crocheted scrunchies for a market, and I’m charging 3$ for one and two for 5$. Is that a reasonable price? Because I’ve seen people put up the most outrageous prices, and I don’t want to be THAT vendor. Also, since I’m under 18, I go to markets for people under the age of 18. I charge way less than other creators as well because my products aren’t the best quality. I’m also making small ducks for three dollars. Those are the only prices I have figured out. I don’t charge much because I enjoy crocheting and I don’t see it as labor. Are my prices reasonable, based off of my context?
This is fine, but if I design, say, a small jumper and takes me 30 hours to make, at 16$ an hour, plus 8 hours to design, plus the cost of yarn. Would never sell the item. 38 x 16 x yarn cost 35$= too dear to sell.
I personally undersell my stuff, because I want people that aren't that rich to still be able to buy handmade stuff. Like for earrings that take around 2.5 hours to make (because I'm slow) I sell for 3.50 euros. My mom sells knee-high knit socks for 25 euros. The minimum wage in my country is around 13-15 euros, so no one would buy simple crocheted skull + pearl earrings for over 30 euros, honestly.
I currently only sell on vinted, which is known for cheap prices, so once I get a name for myself, I might sell my detailed crocheted earrings for up to 5 euros, but that isn't now.
My most expensive crochet thing right now is a bandana (30 rows) and it sells for 10 euros.
Great video, but if you really want to sell things AS A BEGINNER, you need to look what other people in your country and area are selling similar things for. If everyone around you sells crochet bandanas for 10 euros, you can't expect people to buy your 45 euro bandana, even if it's really pretty.
Being a beginner seller means having to sell your things lower, so you can build your name!!
Also I could never ask for 15 euros an hour for anything, as due to the constant pain I am in, I have to take a lot of breaks, and I am very slow at my craft.
My mom's wife sold a granny hexagon jacket, nearly floor length + a massive hood fit for dreads, and made out of 75% wool, 30% acrylic blend wool, and she sold it for 125 euros.
Thank you for this information. Helps out a lot!!!❤
I'm so glad!:)
If I charge per hour (even using $7.25 federal minimum) it ends up super expensive cuz I have bone issues and even when I'm at my fastest, I'm still slow 😭. It took me 7 and a half hours to make a cow that was around a foot tall? Probably an inch or two smaller, I'm guesstimating (but others have said the pattern takes them like 2 at most) and doing my state minimum, that'd already be around $116 before material cost and even federal would be $56 before materials 😩. I charged her $45 total
Shoot! So sorry to hear that! You can totally just use a method that works best for you!❤️
@@camryns_cute_creations at the moment I've just been tripling the material cost since it tends to come out to a reasonable price (not too cheap, not too high). Eventually I'll try to find something that works better
Such a useful video🎉
Some people ask right away how much the products costs but I’ve never done the product before and I have no idea how much yarn I’d use and so the time. How do I go about that?
Thank you so much❤
When I feel I should lower my prices I ask myself this question: does this price still make it worth all the time and effort and supplies ? 🧐💸💕
Good question! I totally do this too!!!
I’m really slow at crocheting so how could I price it without the time being accounted for?
How do I price an item that took under an hour to make? I've really been struggling with this because I make bandanas and they only take 20 minutes to make
Hi there! If you'd like to be exact, you would still multiply, just by less than 1. For example, let's say you made a hat in 2 hours, and you want $10 per hour. Then you'd multiply 10 x 2. But what if it only took 20 minutes? You would multiple by .33 (one third) instead, because it took you one third of an hour.
However, that might seem a little unfair, no? It seems like the faster we get, the less we get paid using this system. Low time-cost items, like your bandanas, are amazing though because you can add a greater markup! This doesn't dramatically impact the final selling price in terms of whole dollars, while still collectively increasing your overall earnings!
@@camryns_cute_creations thx so much!
What if people won't pay that much then what do we do
Some people will, some people won't! If nobody does, it might be a good idea to switch up your products!
@@camryns_cute_creations thanks
What if my production time does'nt exceed 1h for example 40min so it s 0.4right?
You do the minutes divided by 60, because there are 60 minutes in 1 hour. So here it would be 40/60 which is 0.67. Hope that helps!