Blog — For Handmade Sellers

Pricing Formula and Things to Consider When Pricing a Handmade Product In early 2019 Wayfair invited me to sell my mobiles through their site. I had to take another look at my pricing calculations to find a price that would make it worth my while to sell to them at wholesale rates. This got me thinking about my pricing and how I came up with the numbers I had. I revisited the standard pricing formula and saw once again that I was pricing too low, so I came up with all new prices using the following formula:     Materials + Labor +...

 As a handmade seller, I tend to be reluctant when I get a request for a custom order. Custom work tends to take more time than anyone likes, and it takes away time I could be using towards increasing my inventory of best selling items. My most popular mobile size and style is a Large Paper Crane Mobile which can take up to 3 1/2 hours to make from start to finish, 1 hour and 15 minutes of that is taken up by folding the paper cranes. Another popular mobile I sell, the Under the Sea Mobile in the same...