thank you for reminding me to price my products for what they're worth 😫 i've been hesitant to continue raising prices as i continue to do more in-person events but i'm becoming more and more confident in the quality of my plushies - i know they're worth it, and customers clearly think so too :')
Ok I'm on a zaddy video binge while crocheting for the first time.i had some seriously uncouth opinions about crochet until recently. I bought that all in one granny square yarn and don't care about color bleeding. I sat in a chair by my front window, pup in my lap, and crocheted 7 squares today. Thanks so much for existing. 👍 🎉❤.
Generally, people can charge whatever they want. If luxury brands charged only for cost of materials, you wouldn't have expensive cars/laptops/watches etc. So in that sense, generally I feel like how much it costs you to make something doesn't technically matter. That said, I'd still recommend calculating how much it costs you to make something anyways just to make sure you're AT LEAST breaking even. After that, you can add however much profit margin you feel is right for you (e.g. what you feel comfortable with, or what kind of income your target market has, how much a typical customer is willing to spend, how strong your brand and reputation are, how much your competitors are charging for the same thing, etc.)
@@crochetmezaddyI think you are so right. I watch sooo many “market prep’ videos and the hours, days, weeks, that go into prepping and then I see people say for instance, “this plushie dinosaur took me 3 hours to make and my yarn cost me x amount and I am charging $25” and I am thinking, ok, even if you had zero cost because someone donated all of the supplies, which they didn’t, then you are still only making $8.33 an hour. So for anyone who is not working a regular “pay the bills” job and is only doing sales and charging like that, I have no idea how they make ends meet?!!? My thought is they are doing no something else that makes it worth while such as selling their own patterns which once you sell enough copies to reimburse yourself for the time it took to design and the yarn it took to test it, then it is all profit. Also wanted to tell you there is a software out there designed specifically for crafters. You can enter something like “safety eyes, 10mm, 10 pairs, $4.67” and it will calculate per eye. Then blue premier yarn. 1 skein, 150g, $11.99. It will tell you the cost per gram of yarn; same thing with stuffing. So then when you make an item you weigh the item made and put in the materials and the weight and the number of eye and it calculates your cost. You tell it how much you want to make per hour and what % of profit you want to make and the enter the amount you out in your time it takes to make the plushie. It will utilize all of the input you gave it and calculate the exact cost to you AND will give you retail prices including a profit margin. It will also a t as your inventory tracker, will tally you when you are low on inventory (you set parameters for that too) it tracks all of it. It’s pretty cost effective too and it’s time consuming to set up but not when you repeat purchase! Anywho. Any crafter could usw something like that to keep track of all your needs and know when they are undercharging.
This was so helpful! I’ve only just started selling my crochet this year and pricing has been something I’ve been trying to work out, I really appreciate you sharing this information ☺️
Very good video thank you! I discovered your channel after watching the live with Kelsie! My question: are the prices the same if you would sell the plushie online? The overhead is lower? I mean you don't have to go to a ln event, set up a table and sell ...
Yup! Probably cheaper online - I'd say that if you're selling online, you would need to consider things like shipping (if included in the plushie price), packaging, website fees etc as overheads, and then potentially anything like customisation if it's a custom design
Hi I'm Margaret from South Afrca❤. I watched you live with Kelsie and thought your camelion looked very cute❤ I enjoyed all your chats while knitting on a hat. You are very sweet ❤
Thank you for the video! I want to live out of crochet and I'm really underpaying myself so far 😪 with about 10$ an hour and not much profit margin... and yet I hear people say some of my prices are expensive 😵💫. So can I ask how do you sell your creations on markets with your prices? 🤭 I find it hard because often on markets there are some other crochet creations that people do as a hobby, and their prices are lower than mine 😔
In my experience that right customer will come along and pay the right prices - my last market I had someone come and buy from me purely because I had put my plushies at a correct price. I'd say give it a try and if it's not working out - maybe try a different tactic, like maybe bundle deals etc.
I’m trying to join your patreon…but apple won’t let me…says to delete the patreon app from my apple settings..have no idea what they are talking about 😂
I appreciate your "higher" prices. Normalizing getting paid a fair price for your hard work.
thank you for reminding me to price my products for what they're worth 😫 i've been hesitant to continue raising prices as i continue to do more in-person events but i'm becoming more and more confident in the quality of my plushies - i know they're worth it, and customers clearly think so too :')
YES YES YES - exactly this, it's strange but people do notice and are willing to support on people who value their work
Ok I'm on a zaddy video binge while crocheting for the first time.i had some seriously uncouth opinions about crochet until recently. I bought that all in one granny square yarn and don't care about color bleeding. I sat in a chair by my front window, pup in my lap, and crocheted 7 squares today. Thanks so much for existing. 👍 🎉❤.
Generally, people can charge whatever they want. If luxury brands charged only for cost of materials, you wouldn't have expensive cars/laptops/watches etc. So in that sense, generally I feel like how much it costs you to make something doesn't technically matter. That said, I'd still recommend calculating how much it costs you to make something anyways just to make sure you're AT LEAST breaking even. After that, you can add however much profit margin you feel is right for you (e.g. what you feel comfortable with, or what kind of income your target market has, how much a typical customer is willing to spend, how strong your brand and reputation are, how much your competitors are charging for the same thing, etc.)
Yes! This! I try to at least figure out my break even point & then if people want to haggle a bit I don't feel pressured to bring it down too much
Fully agree! I think most people don't even break even with a lot of their plushie prices unfortunately
@@crochetmezaddyI think you are so right. I watch sooo many “market prep’ videos and the hours, days, weeks, that go into prepping and then I see people say for instance, “this plushie dinosaur took me 3 hours to make and my yarn cost me x amount and I am charging $25” and I am thinking, ok, even if you had zero cost because someone donated all of the supplies, which they didn’t, then you are still only making $8.33 an hour. So for anyone who is not working a regular “pay the bills” job and is only doing sales and charging like that, I have no idea how they make ends meet?!!? My thought is they are doing no something else that makes it worth while such as selling their own patterns which once you sell enough copies to reimburse yourself for the time it took to design and the yarn it took to test it, then it is all profit. Also wanted to tell you there is a software out there designed specifically for crafters. You can enter something like “safety eyes, 10mm, 10 pairs, $4.67” and it will calculate per eye. Then blue premier yarn. 1 skein, 150g, $11.99. It will tell you the cost per gram of yarn; same thing with stuffing. So then when you make an item you weigh the item made and put in the materials and the weight and the number of eye and it calculates your cost. You tell it how much you want to make per hour and what % of profit you want to make and the enter the amount you out in your time it takes to make the plushie. It will utilize all of the input you gave it and calculate the exact cost to you AND will give you retail prices including a profit margin. It will also a t as your inventory tracker, will tally you when you are low on inventory (you set parameters for that too) it tracks all of it. It’s pretty cost effective too and it’s time consuming to set up but not when you repeat purchase! Anywho. Any crafter could usw something like that to keep track of all your needs and know when they are undercharging.
@@m.k.1543 what is this software's name please?
This was so helpful! I’ve only just started selling my crochet this year and pricing has been something I’ve been trying to work out, I really appreciate you sharing this information ☺️
Thanks. I’m making some of your patterns for a very small market in November. My first market.
Omg yay!! I want to hear how they do ❤
Very good video thank you! I discovered your channel after watching the live with Kelsie!
My question: are the prices the same if you would sell the plushie online? The overhead is lower? I mean you don't have to go to a ln event, set up a table and sell ...
Yup! Probably cheaper online - I'd say that if you're selling online, you would need to consider things like shipping (if included in the plushie price), packaging, website fees etc as overheads, and then potentially anything like customisation if it's a custom design
I'm here for my Math class and the squeaking dog outside 😂
Great vid! 🤍
He had to start doing it at the end hahah
Oh you KNOW I’ve been waiting for this lol 😂🎉
Hope you loooove it
Hi I'm Margaret from South Afrca❤. I watched you live with Kelsie and thought your camelion looked very cute❤ I enjoyed all your chats while knitting on a hat. You are very sweet ❤
Me: has zero intentions on doing markets
Also me: ahhh yes, ofcourse, i have to remember that
hahaha my friends watch these videos too and they don't even crochet
Thank you for the video! I want to live out of crochet and I'm really underpaying myself so far 😪 with about 10$ an hour and not much profit margin... and yet I hear people say some of my prices are expensive 😵💫. So can I ask how do you sell your creations on markets with your prices? 🤭 I find it hard because often on markets there are some other crochet creations that people do as a hobby, and their prices are lower than mine 😔
In my experience that right customer will come along and pay the right prices - my last market I had someone come and buy from me purely because I had put my plushies at a correct price. I'd say give it a try and if it's not working out - maybe try a different tactic, like maybe bundle deals etc.
@@crochetmezaddy Thank you for your answer! I've had custumers like that, but only one or two on each markets, it's still not profitable enough 🤷♀
interesting thankyou ❤❤
You're welcome!
sees Zach post
*gets out notebook and pencil*
class is in session
🤓🤓
Wait omg HELLO FRIEND
@@crochetmezaddy HAHAHA hello lovely! :D very excited for your adventure to finders keepers
@@LilDittis Please make sure you come say hi!
😍😍
Finally, part 2!!!! Lol😂
hahaha I took a hot minute! I'll come back with part 3 REAL soon
@@crochetmezaddybeen watching for it like a hawk!
I’m trying to join your patreon…but apple won’t let me…says to delete the patreon app from my apple settings..have no idea what they are talking about 😂
Ahhh I’m not sure what’s happening there! You might have to reach out to Patreon directly that sounds a bit suspicious- I appreciate it though!
@@crochetmezaddy who is patreon 😂😂😂 I’m the owner of the phone..iv looked in settings, can’t find anything.