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Old 02-18-2010, 07:20 PM   #1
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Default Pricing Opinions?

I just started using semi-precious gemstones and hand-wiring my beads. I was thinking $35-$40. Is that too much, too little? Thanks! Here's a few necklaces and a bracelet: (you can click on the pics to see a larger version on photo bucket)








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Old 02-18-2010, 07:27 PM   #2
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Quote:
Originally Posted by Heidi52974 View Post
I just started using semi-precious gemstones and hand-wiring my beads. I was thinking $35-$40. Is that too much, too little? Thanks! Here's a few necklaces and a bracelet: (you can click on the pics to see a larger version on photo bucket)





very beautiful- I love front closure designs!
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Old 02-18-2010, 08:50 PM   #3
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This is my formula: materials+labor+ misc=base cost X at least 2-5. Ok, so materials is obvious, your labor, give yourself an hourly wage and then pay yourself for the time it took. Misc, for me is $2.00 which covers packaging and bus cards. You have to at least make all of this back on the piece, your profit needs to at least double this or it won't be worth it. If you ever plan to sell wholesale, or want room to give someone a deal, you need to mark higher then x2.

I usually mark my earrings x5 and my necklaces and bracelets between 2.5-4. I work out an estimate price and then round it up or down depending on what I think my local clientel will pay. My necklaces go from $35 - $70, my earrings $12-$30 and my bracelets $20-35. I use semi-precious stones and sterling/fine silver and do mostly wire wrapping and some silversmithing

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Old 02-19-2010, 11:35 AM   #4
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First off, I have to agree with liking the front-closure... what a nice idea for those of us who are, well, necklace-closure-challenged.

Your pricing feels right from the pictures and from what I know about the cost of using real stones. The price point also sounds like "good quality items were used, but I'm not being scammed". If that makes sense!

Happy Sales!
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Old 02-19-2010, 02:03 PM   #5
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Also when pricing depending on were you are selling them you may want to add a detailed description for each one. Like type of stones used.
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Old 04-02-2010, 06:00 AM   #6
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no. you should sell them for 50+
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Old 04-02-2010, 06:19 AM   #7
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I always look on Etsy at what other people are charging for a rough guess but again, I don't work with these sorts of material so any price above $5 is a considerable profit for me.
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Old 05-25-2010, 11:32 PM   #8
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Price them at what you feel they're worth and if they don't sell you can always lower the price. Its a tricky game of figuring out how much you think its worth and how much people are willing to pay. People seem to be willing to pay a certain amount but 1 penny more and they're completely turned off.
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Old 01-03-2011, 04:36 PM   #9
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That's a fair price. Looks very nice.
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Old 04-07-2011, 04:20 AM   #10
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All are beautiful.I like the second one.I think you should sell them 40+
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