PRICING BAZAAR ITEMS
10-01-2011, 09:41 AM
#1
Member
Thread Starter
Join Date: Mar 2010
Location: Scappoose, Oregon
Posts: 74
This is the first time I will have a table at a bazaar. My biggest problem is what to price things at. I have been told you never get what it cost for you to make the item. :(
any suggestions would be greatly appreciated.
Thanks,
Barb
any suggestions would be greatly appreciated.
Thanks,
Barb
10-01-2011, 09:46 AM
#2
Super Member
Join Date: Jun 2010
Location: Kaneohe, HI
Posts: 2,041
What items? Used stuff? Newly made? I have seen quilt wall hangings go for a lot more than they cost to make. A lot depends on the workmanship. Is the bazaar a charity event? Or do you keep the proceeds?
I would start at higher than cost and if need be, you can lower the price if they aren't selling. Customers can always bargain with you too.
Don't sell yourself short!
I would start at higher than cost and if need be, you can lower the price if they aren't selling. Customers can always bargain with you too.
Don't sell yourself short!
10-01-2011, 11:53 AM
#5
Super Member
Join Date: Jan 2010
Location: Yakima, WA
Posts: 2,439
I always get what it cost me to make an item, what I generally don't count on getting is paid for the time it took me to make the item.
I estimate what my materials cost and triple that amount to arrive at a selling price. If it's a really pricey item then I may only double my cost but that depends on how long I've had it in my inventory and the economy.
My philosophy is, you may price your items based on materials cost/time spent and sell one thing but if I price my item based on materials cost and sell lots than I'm way ahead of the game.
I estimate what my materials cost and triple that amount to arrive at a selling price. If it's a really pricey item then I may only double my cost but that depends on how long I've had it in my inventory and the economy.
My philosophy is, you may price your items based on materials cost/time spent and sell one thing but if I price my item based on materials cost and sell lots than I'm way ahead of the game.
10-01-2011, 02:14 PM
#6
Power Poster
Join Date: Feb 2009
Location: Northern Michigan
Posts: 12,861
a good base to strive for is materials x 3
but not always possible at craft shows-
location/venue matters....some areas, venues people just expect to pay a better price- some areas, venues the only people who sell anything are the ones who are selling the $1-$5 items-
so ask around people who have been to this bazaar in the past- or who have had booths at it-if possible- or do you know the area?
a bit of research will be benificial with your pricing.
but if the area/venue will (tolerate it) materials x 3 is a pretty fair amount to expect....you can always do the math- then decide---and adjust as what you feel more appropriate....would you pay that much for it? if you would not= no one else probably would either....if you think you can get more===well try it. if after a couple hours you havent sold anything you could always...have a sale-and knock 20% off or something.
but not always possible at craft shows-
location/venue matters....some areas, venues people just expect to pay a better price- some areas, venues the only people who sell anything are the ones who are selling the $1-$5 items-
so ask around people who have been to this bazaar in the past- or who have had booths at it-if possible- or do you know the area?
a bit of research will be benificial with your pricing.
but if the area/venue will (tolerate it) materials x 3 is a pretty fair amount to expect....you can always do the math- then decide---and adjust as what you feel more appropriate....would you pay that much for it? if you would not= no one else probably would either....if you think you can get more===well try it. if after a couple hours you havent sold anything you could always...have a sale-and knock 20% off or something.
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