Here is something a bit different. We all love creating and sometimes you just find your niche and make item after item until you house is full with all your beautiful work. Then what do you do with it? Well if you can make what you love and then actually pass it on to others and earn something from it too, that’s the perfect scenario right?
Today I found the Felt & Yarn website and they have this great blog post filled with tips to help you choose quick and easy items you can make and sell successfully.
It’s so great when people share what they have learned and if it’s tips for success then that’s even better!
You can read the blog by clicking the link here!
No only will they give you the ideas, they will show you how to make them, so you can learn how to create a sweet mobile, hair accessories, bookmarks and more whether you want to sell them or not! You can also make these with prefelted felt sheets or felt your own, or just needle felt all of it.
You are never limited to one method with needle or wet felting so incorporate it all, especially if it makes life easier!
Head on over to Felt & Yarn and I hope you enjoy the tips and secrets to their success!
Happy felting
Why is it so important to get the pricing right? If your handcrafted product is not priced right, you will not make a profit. It will be tough to keep your firm running without a decent profit margin, and it will be hard to make a living from it.
Many skilled craftspeople base their labor costs on a rate of $12 to $20 per hour. To get the retail price, many people recommend multiplying the base price by 2.5 or 3. Do you wish to sell your homemade craft product in bulk? Then use this formula to pricing. 2 x Materials = Wholesale Price
Retail Price = Wholesale Price x 2 (or, in other words, Supplies x 4).
But wait you are not done yet! Remember to provide your hourly pay rate – how much do you wish to be paid each hour?
Simply multiply the number of hours it took you to create the product by your hourly rate to determine how much you should charge for labor charges (on top of the supplies cost).
One last thing to calculate is your overhead costs, this is not supplies but other little things like Electricity, fuel to the market, tools you have bought to product the crafts, etc, If you don’t account for everything you will run at a loss.
