This is a great place to start because it's a very basic concept. I think most crafters will tweak the formula to fit their craft, geographic location, overhead, etc. Thank you for sharing this with us.

@OurUpcycledLife

Жыл бұрын

Yes I agree this formula isn’t for every DIY especially if you have a lot of hours involved in it this is just very basic and it works for my sign business

Thanks for the advice. I’m so bad at trying to price my DIYs, cards and paper crafts, and my leather stuff. This definitely helps!! 😊

@OurUpcycledLife

Жыл бұрын

Thanks for watching glad it was helpful

You truly are the best teacher ever! Tyfs 🤗♥️

@OurUpcycledLife

Жыл бұрын

Glad it was helpful Wendy thanks for watching

Thank you for this information, it's a great starting point for me because I didn't had an idea where to start. You are great!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks so much for

Excellent information, I don't know of anyone else who is giving as complete information, especially with the book that you've produced. Thank you so much!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful ♥️

This is so helpful. My husband is pushing me to open up an Etsy shop or something to sell my crafts. He has more faith in me than I do myself. But anyway, this is good to know. Love your channel. Thanks so much! ❤️💜💚

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks so much for watching and good luck with your Etsy shop

I did craft shows for years. I like your formula. You account for things I never did. Excellent!!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful ❤️

Thank you so much for all of this useful information! I shared a link to this video with one of my Facebook groups.

@OurUpcycledLife

Жыл бұрын

So glad it was helpful and thanks so much for sharing I appreciate the support here on my channel Ellen

Oooh! I very much appreciated this video thank you so much seriously very grateful one of the hardest things to do when it comes to selling my crafts. Your the best! God bless

@OurUpcycledLife

Жыл бұрын

Glad it was helpful Michelle thanks for

Thank you. I was just wondering that. I'm doing my first big sale in November. Thanks for all of the tools you share.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching Laurie

Thank you for this information. I was wondering how I was going to figure this out. You're great!

@OurUpcycledLife

Жыл бұрын

Glad it was not helpful thanks for watching Linda

Thank you! I am definitely going to be using your formula. All of the others where so complicated.

@OurUpcycledLife

10 ай бұрын

Glad it was helpful!

Im so glad I found your content. I have been to intimidated to start doing craft fairs but really want to. Your video with tips and tricks and this pricing video are invaluable. Thank you

@OurUpcycledLife

Жыл бұрын

So glad it was helpful thanks for watching

Thanks some great advise. I was just wondering how much you would add on for your labor, especially on projects that can take hours or days? A special thanks for all the helpful things i have learned from your shows.

@OurUpcycledLife

Жыл бұрын

When I double my cost for wholesale that is my labour included this does not work for every artist but it works really well for me pricing my signs if you’re doing a very large object that’s taking you many many hours then obviously this formula would not work

Thanks so much for this video Diedre. Your timing couldn’t be better. I’m attending my first craft fare in 2 weeks. It’s at our local Senior Center and the tables are free. Figured it’s a great place to start.

@OurUpcycledLife

Жыл бұрын

Oh that sounds like a lot of fun and I’m glad that this video was helpful good luck

@sylviakelly2976

Жыл бұрын

How did it go Elisa?

I like your formula a lot better than most I have seen. I’m always sure not to price an item over an amount I would actually pay myself. We all still need to move out our inventory. The price is just as important as creator something worth selling.

@OurUpcycledLife

Жыл бұрын

This formula works the best for me also I know it’s not going to be the best formula for every crafter but it’s a start thanks for watching Melody

Thank you! Appreciate the info!

@OurUpcycledLife

Жыл бұрын

Thanks for watching

It's so funny that you came out with this video today because I just spent a good portion of my day pricing everything for an art fair on Saturday. Fortunately a friend came over to help me because I have such a hard time with this.

@OurUpcycledLife

Жыл бұрын

That was good timing then good luck at your sale

Great advice. Thank you.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful

Thank you for your videos. They are all inspiring! When i had my Etsy store open I learned this formula from top sellers. costs of making the item x4 + labor/time/shipping= retail price Remember your time and labor is valuable. They explained that’s the best way to make some money on Etsy after all the fees. I keep the formula for crafts shows and adjust it depending on location. Hope this helps.🌼

@OurUpcycledLife

Жыл бұрын

Yes that’s a great formula everyone’s business has to be tweaked a little bit for what works the best for them

@gathercreatelivewithleslie8340

Жыл бұрын

I agree, most people don't pay themselves what a living wage is to make the stuff. If you're retired I understand, but you can't make a living doing wholesale, handmade.

Thank you so much!

@OurUpcycledLife

Жыл бұрын

Thanks for watching Marsha glad you enjoyed

Thank you so much appreciate you

@OurUpcycledLife

Жыл бұрын

You are so welcome

What I'm up against is the huge price difference from a local average craft show verses high end places. Example : #1 - a very nice bird house at average craft shows goes for $45 #2 - In a resort high end craft area it goes for $120 My craft friends who sell a different craft in those areas said it's because the clientele are mostly well off compaired to my area. I have seen the prices myself. My haw dropped.

@OurUpcycledLife

Жыл бұрын

Yes I have seen that too and it really does depend on where you are and the demographics unfortunately

@morrisbenfield661

Жыл бұрын

@@OurUpcycledLife wife and I are doing a craft show his weekend at a huge water park / amusement park. It's their Annual Fall Festival. There will be 100 Crafters there. We're excited and nervous at the same time.

@CheriBomzArt

Жыл бұрын

Maybe crafters charged more to sell there too?

Thanks!

Great advice. thank you for the information. Love your video's

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching

Thanks for the help!

@OurUpcycledLife

Жыл бұрын

Thanks for watching Alice glad it was helpful

Fantastic, you are in my mind. For the first time I will be selling things that I do. And I just finish a small collection and was trying to calculate the price to sell them on Facebook market for now.... and than you show up with the solution. Thank you so very much for you help, Have a great day and stay safe !

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching Christine

Thank you

@OurUpcycledLife

Жыл бұрын

Thanks for watching

Thanks again for this very helpful, easy to understand information!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful!

Thank you this was very helpful!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks so much for watching Donna

Fantastic explanation and formula. I had to breakdown the cost of making jewelry. I counted out the beads etc and divide each quantity vs price per package or strand. It was extremely time consuming, but, it taught me a lot. I'm going to try your method on my furniture and various crafts. Thank you so much for sharing.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful it’s not for every artist but it works for my business if you’re doing a large item that takes many many hours to complete this formula won’t work but for small items like mine it works perfect

This is very useful. Thank you!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching

Very interesting video. Thanks for sharing. I'll keep in my mind how you are doing the pricing.

@OurUpcycledLife

Жыл бұрын

Thanks for watching glad you enjoyed

Think you. I've wondered how to price my stuff.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful

@yolandakirtley8546

Жыл бұрын

@@OurUpcycledLife yes thank you

Thanks for sharing 🤗🥰

@OurUpcycledLife

Жыл бұрын

Thanks for watching Marie

Great video, thanks!

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching

Thank this is so helpful 👍😎❤️

@OurUpcycledLife

Жыл бұрын

Glad it was helpful Darlene thanks for watching

Thank you ☺️

@OurUpcycledLife

Жыл бұрын

Thanks for watching Kim

Thank you so much for the advice. At the moment, I was having a dilemma about how to price my Hocus Pocus spell books that I just made.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful ❤️

Great information.

@OurUpcycledLife

Ай бұрын

Glad it was helpful!

Thank you so much. I was wondering if I was to low or to high with my prices on the crafts I created.

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks so much for Watching

SUPER HELPFUL

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks so much for watching

THANK YOU, THANK YOU, THANK YOU,

@OurUpcycledLife

Жыл бұрын

Thanks for watching Lonnie glad you enjoyed

I’m sooooooooo glad you put out this video!! I’ve been wanting to sell my diys however I didn’t know how to do ANY of the things you shared here, now in your opinion, if I don’t have my own store to sell my diys which platform would you recommend for a first timer like me?? Also, does Etsy take a percentage of what you sell?? If so how would you factor in that money “lost” for lack of word? I believe fb is free correct? So I guess you’d have to decide on which platform you’d want to work from 🤷🏻‍♀️ see I thought when you added everything in that you use, you put in the full price of that diy item I.e. mod podge, scrapbook paper etc.. but you just added the amount I guess??? Makes sense…. This video was sooooo helpful if you could answer my questions that would be great or anyone reading could help me out as well!!! Great video 👏🏻👏🏻

@OurUpcycledLife

Жыл бұрын

Glad the video was helpful the formula doesn’t work for everyone but it does work for my sign business. A good starting spot is just to try to sell locally as he can get very expensive with their fees and then you also have to worry about shipping

I always find that everything is higher priced on Etsy than it is at art fairs. So I would put my prices higher on Etsy and lower at an art fair. Particularly if I offer free shipping. Which I think a lot of people appreciate just knowing what the total cost is going to be and not having to mess with shipping. I know I do.

@OurUpcycledLife

Жыл бұрын

Yes I agree that is true

good to know👍

@OurUpcycledLife

Жыл бұрын

Glad it was helpful Debie

Thank you so much😃 You explained it so well. I seen other ones and they lost me😂 Again Thank you 😊

@OurUpcycledLife

6 ай бұрын

You're welcome 😊

Good information 😊

@OurUpcycledLife

Жыл бұрын

Glad it was helpful Carmen thanks for watching

Great content

@OurUpcycledLife

Жыл бұрын

Glad it was helpful thanks for watching

I believe I have around the same pricing.

@OurUpcycledLife

Жыл бұрын

It works very well for me thanks for watching

The one thing I don’t see included is tax. There will be sales tax, plus income tax on profit. Thanks for great advice❤️

@OurUpcycledLife

11 ай бұрын

Very true!

I don’t see you factoring in your time and labor costs to make and sell your items.

@OurUpcycledLife

Жыл бұрын

It is factored in when you 2x and 4x . This formula won’t work for all artists but it works well for me ❤️

@fleafly1359

Жыл бұрын

Yeah I was thinking about that for bigger projects like furniture .

@ameliasr3404

Жыл бұрын

If one adds what they thick they should be paid per hour then you will have a show rather than a sale.

@OurUpcycledLife

Жыл бұрын

Exactly! You cant over price especially at a craft fair

@lalagamma4452

Жыл бұрын

Great tips. Positive Healing Vibes and prayers for you and your family!Be safe💕🐞 Namaste 🥰

I do art… it’s not bout the cost as much as years of practice and talent . And my time to make. How do you price that!

I have no idea how to include things like your paint, sealer, & things that come from bulk. How do you estimate how much your even using? I LOVED this video & it helped me ALOT. THANK YOU!

@OurUpcycledLife

Жыл бұрын

It takes a bit of time but once you’ve done that specific project for a long time you know how long a product last for and how many items you got with that product and you can kind of get a ballpark idea of per item cost. And somethings when you buy it is already broken down into per item price which is helpful

This is amazing info, but my problem is my time spent on the product especially if I’m using air drying clay. That alone for drying time takes 24hrs. I can’t seem to figure out how much I should charge. I’ve looked on Etsy similar to my projects but when I price the item in that range, I don’t get any buyers.

@OurUpcycledLife

Жыл бұрын

These are just general tips that don’t really apply to every niche. You kinda have to put your own spin on it and see what works for you and also the area that you were trying to sell in where pricing could be different

Thank u for your tips. I have considered SHIPPING. USPS will even pick it up. I looked into shipping for a 2 foot tall table I did. Shipping was $100! Mercari says they will ship for less. 🤔? Please tell me your thoughts on that. I guess if they pay for the label...?

@OurUpcycledLife

Жыл бұрын

I try to avoid using any platforms where I have to ship because here in Canada it is a very expensive I sell most of my stuff locally on marketplace

I always found it a challenge to incorporate the price of 'creating' the item- not just the cost of your supplies.

Hey you are a genuine and honest person which is wonderful. But if it takes 1 hour to make the sign then the average minimum wage per hour is $12. So you are actually loosing $7 per hour compared to an average worker on a minimum wage job. I think you are selling yourself short. Your basic cost should be the $5 plus $12 (if treated as a minimum wage job). $17 per sign. $34 wholesale $68 retail 😑

Subscribe to my email list for more crafting, DIY content and get free graphics! view.flodesk.com/pages/632e2d2fd960dab4eb97c358

🎉🎉🎉🎉🎉

Do you add any of your time to make the item

@OurUpcycledLife

Жыл бұрын

Yes it is factored in when I double the price for wholesale this won’t work for all artists but it works for me when pricing my signs because if you have many hours into a DIY this formula won’t work

I realize you are getting the wood for free but doesn’t it need prep work? And what about time to do the labor involved? Usually pricing is time + materials. Help please ❤

@OurUpcycledLife

Жыл бұрын

When I 2x and 4x my price for wholesale and retail that factors in my labour cost. This formula doesn’t work for all artists but it works well for my signs

I have a question that no crafter seems to be addressing. Taxes. What do you do about state and federal taxes. Is there a limit of income to which you will be taxed? How do you report it? A lot of people on social media sell items but I have not seen anyone discuss taxes. I have yet to see anyone address this. When is this considered a business or is this just a way to make a little extra money?

@OurUpcycledLife

Жыл бұрын

I live in Canada so my taxes would be completely different than yours but I have an accountant to mine so I don’t have to worry about it but I do collect taxes on every sale

Do you immediately put your coat on a spreadsheet? I’ve got so many receipts from Michael’s, dollar tree etc… i haven’t put any of it into a spreadsheet. Just curious how you track your costs

@OurUpcycledLife

Жыл бұрын

I have an accountant settle after all of that I just say the mall and then he inputs everything for me

@sylviakelly2976

Жыл бұрын

Right. I find that challenging too Vicki!

I didn’t check your Etsy store yet but I do have a question for you. Selling in Canada only ? Shipping included? I know Etsy made it hard for sellers so I’m not active now on my Etsy store. HELP please 👏🏼👍🙋‍♀️♥️🇨🇦

@OurUpcycledLife

Жыл бұрын

I only Sell my digital downloads on Etsy I don’t sell any material things because our postage here in Canada is very expensive and it almost makes it impossible to sell on that platform here

The graphic comes off in chunks when I rub off after 24 hours, I'm being very gentle. I'm using a Laserjet, thin layer of mod podge matte, leave for 24 hours. I've tried using a fresh printed sheet and a sheet that's rested overnight, I've tried on both acrylic art paint, latex paint and chalk paint, all do the same thing. Any advice?

@OurUpcycledLife

Жыл бұрын

If you follow me over on Facebook or Instagram, you can send me pictures and if I would have a visual look, I can help you out

@fiathriel

Жыл бұрын

@@OurUpcycledLife thankyou, I have sent you a msg and video on Instagram 🙂

Maybe I'm missing something, but where did you factor in the time it takes you to make that item? Some things take a couple minutes some could take a couple hours depending on the item. Where is that factored in?

Do you not add costs for time to produce the item?

@OurUpcycledLife

Жыл бұрын

When I double the cost that incorporates the time for me making the DIY projects this formula isn’t for everyone if you’re doing a project that has a lot of hours involved but it works really well for my signs

Do you still have the booklet available? I just saw this video and can’t find it. Can you send me a link?

@OurUpcycledLife

9 ай бұрын

ourupcycledlife.etsy.com/listing/1308602107

How do you factor in the cost of the design, esp if you have to purchase but then use it over and over?

@OurUpcycledLife

Жыл бұрын

This formula doesn’t work for every artist it just works for my sign business if you have a lot of hours in a certain project then just doubling will not be enough and you would have to tweak the formula. This is just a simple starting point and you can build from this formula

I always, always have Customers asking for a Price Reduction, 2 for the Price of 1, there's a Nick on the Base so Gimmie' a DEAL! As it is, im lucky to make $4 ot $5 a Piece. Im ready to Quit but i have over $6,000 Wrapped Up in Supplies which include my Tools and Shipping.

@OurUpcycledLife

2 ай бұрын

Oh no! 😥

How do you estimate the shipping

@OurUpcycledLife

Жыл бұрын

That will depend on your postage rates . Usually you can go to the companies website and they will have a estimate guide for shipping

How do you take into account the time it took to make the item?

@OurUpcycledLife

9 ай бұрын

This formula works for smaller items that don’t require a lot of time

What do you charge for your time and work that you put into the item? Thanks for all your help ☺️

@OurUpcycledLife

Жыл бұрын

When I 4x the price to get retail that is my time and work. This formula will not work for all artist but it works well for my signs

@lou-anntedesco2567

Жыл бұрын

@@OurUpcycledLife Thank you so much. You give me inspiration ☺️

I see the itemized list but how do you break the cost of the items down? For example you have 50cents or 10 cents for that item. But of course they cost much more. So how did you reduce it down?

@OurUpcycledLife

Жыл бұрын

A lot of items that you buy are broken down in the purchase price like hangers nails embellishments other things I just overtime know how long the product last and how many signs I can make with that amount of product

@a.sandford4928

Жыл бұрын

If a box of 100 screws costs $5.00 then each screw will cost $0.05. ($5.00 divided by 100), then add up how many screws the project will use. That method works for me, hope that helps. Paint and other materials are too much work for me, unless you really want to find the cost per ounce and such, I just use my best estimate.

@marianaviljoen3530

Жыл бұрын

Thank you guys, these answers really helps!

How does the size change the price. Example. you have a sign 3.5" x 10 compared to a sign that is a 8 X 10. How do you allow for size change.

@OurUpcycledLife

3 ай бұрын

It will all depend on how much you paid for your wood

This May sound dumb, but how do you break up the price for mod podge, paint, etc. It’s not like you use the entire bottle.

@OurUpcycledLife

Жыл бұрын

kzread.info/dash/bejne/o4drya-mnLWbY7w.html - this may help!

@OurUpcycledLife

Жыл бұрын

or this - kzread.info/dash/bejne/c4d4pq6tftbSm9I.html

The show is next Saturday 11/19

How do you tell if something is actually selling on Etsy?

@OurUpcycledLife

Жыл бұрын

When you go to the listing of a certain product some sellers will allow you to see how many have sold

Wish saw tooth hangers were that cheap here. About 4 bucks for just 2.

@OurUpcycledLife

Жыл бұрын

Oh no that is outrageous I’ll get mine in bulk on eBay and they’re quite reasonable

@kayeyeager8006

Жыл бұрын

@@OurUpcycledLife I'm definitely going to buy from there. TFS

@sunshinelifeco

Жыл бұрын

@@OurUpcycledLife will check that option out.

It's not free to sell. Etsy fees are 13%+ and craft malls charge a monthly fee + a percentage of sales. Craft shows usually charge flat fees with no guarantee of sales.

@OurUpcycledLife

Жыл бұрын

All of those expenses would be put into the miscellaneous this formula isn’t for everyone it’s a very basic formula that most artists will have to tweak a little bit to fit their product. You would also add the Etsy fees in with the shipping fee of your cost in the beginning

No added $ to your wholesale price for your time spent making it ? I thought labor cost would be in there

@OurUpcycledLife

Жыл бұрын

When I double that takes into account my time for that project. This formula won’t work for every artist but is works great for my diys

@bloochoob

Жыл бұрын

@@OurUpcycledLife ah I see, thanks 😊

10% does not sound like enough to cover gas, mileage, and all those other expenses

I don't understand how you came up with some of those itemized prices. Like how do you know you only used 10 cents worth of mod podge?

@OurUpcycledLife

Жыл бұрын

I just have made so many signs I know how long a bottle of mod podge last me and how many signs I get out of it so then I can do a calculation from there and a lot of items when you buy them have a per item cost listed and that makes it easy this formula isn’t for everyone especially if you have a DIY that has a lot of hours into it but it works for my signs it’s a simple formula and you can start from there and tweak as needed

I can't see that sign selling for $20.

I was surprised that you didn't add a fee for your time.

@OurUpcycledLife

Жыл бұрын

That is including when I double 2x won’t Work for every artist but it works for me

Did you factor in your time?

@OurUpcycledLife

Жыл бұрын

Yes when I double it for wholesale that is my labour cost this formula does not work for every artist but it works really well for me pricing my DIY signs

If you make items using materials that cost practically nothing, but which take hours to make, this formula won't be ideal.

@OurUpcycledLife

Жыл бұрын

No this formula is not for everyone and if you do have a time consuming DIY you would have to take that into consideration this formula just works really well for me to price my small signs

this is all well and good but for wire wrapped jewelry it doesnt work because I'd be selling my stuff for pennies and you havent said anything about counting in the time it takes to make items. If I went with your figures Id be selling my stuff at around $15.00 . Some of my stuff takes over an hour to make and y time is valuable. Everything I make has a $20 an hour mark up on it. Youve got to value your skills.

Hmm, I'm not sure that 10% covers all the miscellany. And you forgot to mention to add in fees for listing items with online marketplaces or renting a booth at a fair, any additional shipping & packaging costs (especially if the item is large or requires special packaging other than a box, standard shipping paper, & packing tape) & any merchant/seller and financial transaction or processing fees, as well as all hard marketing or advertising costs (biz cards, paid promotions on social media, etc) and a fee for your time with design, marketing, bookkeeping, accounting & taxes. Seriously, assign a $ value for your time & efforts, or figure in the fees you already pay someone else to do these tasks. These things really do add up! (You can always offer a discount if a customer pays in cash, like a surprise bonus. Or just know that the 30 cent + 3.5% fee you're not being charged on a cash transaction will even out with the mistakes and occasional refund that are bound to happen with electronic payments.) There's so many costs involved that we rarely consider, especially with a craft or art product business. Don't have grossly overpriced crap, and also don't sell yourself short! 💗

I don't agree with your pricing you should at least make 33% wholesale. And 3 tiles that for retail. You're not counting your time your over head for your business.

@OurUpcycledLife

Жыл бұрын

This formula isn’t for everyone it just works for my business and for my smalls if you’re making a DIY that has a lot of hours into it this formula won’t work. But by me doubling my cost price that incorporates my hourly rate that it takes to make my signs

Your time should be worth something, but that really wasn't factored in.

@OurUpcycledLife

8 ай бұрын

This works well for small projects that don’t take a lot of time to complete

Why do you put shipping at the beginning instead of at the end?

What about your time, Deidre?

@OurUpcycledLife

Жыл бұрын

This formula isn’t for everyone. It works for me, but somebody else might have to tweak it a bit to make it work for them, including taking a lot of time to make your project.

@paulacunniffe4123

Жыл бұрын

@@OurUpcycledLife thank you. I recently up cycled an old steamer trunk that took weeks to do in between coats and decoupage etc... and it sold for NZ$300 in the end... no where near the amount of time and effort that went into it.

@paulacunniffe4123

Жыл бұрын

@@OurUpcycledLife Id love to show you a picture but don't know if we can do that on here?

What about your time?? What do you need to make per hour so that you don't starve to death?? I'm so glad that materials are being covered in this equation but if you're trying to actually make money with any of this, you might as well go work at McDonald's because you'll make about twice as much...

@OurUpcycledLife

Жыл бұрын

When I double my cost that takes into consideration my time it takes to make the product. I can make a lot of signs in an hour so this formula works for me and I make a very good hourly wage of course this formula is not gonna work for all artist especially if you’re doing a product that has a lot of hours involved in it you have to adjust it to fit your product

@zakjokela5377

Жыл бұрын

@@OurUpcycledLife this equation works great if you can bust out 10~20 items in an hour but for anything that takes more than about 15 min from start to finish you need to be adding time in.

@OurUpcycledLife

Жыл бұрын

@@zakjokela5377 I agree

Stop talking so fast please, it's hard to understand you.

Thank you

@OurUpcycledLife

Жыл бұрын

Thanks for watching