Something we have to deal with when selling handmade items is how much to sell each item for. It is a very difficult task, especially if its an OOAK (one of a kind) item. There are plenty of formulas that can be found on the net to cost handmade, but those formulas don’t always fit, especially when using time as a factor. We could charge for our time but would you purchase a crochet rug for over $2000? It would be lovely if you would. Finding the right market is also the key for items priced as such.
One of the main problems I have with using time as a factor with crochet is that some days I can be really fast, and others not so. I tend to crochet in the evenings or on the train, so there can be many distractions (not that there isn’t in my main job too).
So for my crocheted items I have come up with my own formula to keep every piece fair against the other. I’m not going to give it away 😉 but give a brief run down.
This was time consuming at first, but now I have it all set up it’s a matter of plugging in the amounts into the spreadsheet for a pattern and there we have it!!
For each type of stitch I give it a value, these all add up, add the material costs, some extra factors depending on how complex a piece is and out pops the amount to sell an item at.
Would you like to know the cost of a certain item if time was the factor not the type of stitch? I’d be happy to share, just let me know in the comments.