Hand-Made Jewelery, What do you think is a fair price?

Amethyst Bracelet - This is an amethys bracelet that retails for $55.95. It is similar to the jewellery that I am making, although not exactly the same.
@Nykkee (2523)
Canada
October 4, 2007 2:05pm CST
I have recently began making handmade beaded jewelery. I have almost 10 year experience in professional pearl stringing, so I know what I am doing. So far I have made a few necklaces with amethyst, tigers-eye, and rose quartz beads and glass beads. I do not know what I should charge for these items that would be a fair price to both me and the buyer and also cheap enough that they would sell well but not so cheap that I would be selling myself short. I have attached a picture of a bracelet that is similar to what I am making. I do not have a camera right now so it is not a picture of my actual work it is just very similar to what I am making. The bracelet in the picture sells on a website for $55.95. I do not intend to charge nearly so much, as I want my jewellery to sell well. So what would you consider a fair price for a necklace similar to the bracelet below?
2 people like this
21 responses
@raychill (6530)
• United States
4 Oct 07
Well that depends. How much did it cost you to make it? The thing is... you gotta sell it for profit, being more than you made it, but being fair you don't want to sell it for too much. Say it cost you about $10 to make a necklace. Then selling it for $20 would not be too out of the ordinary. Whereas if you made a necklace for say $10 and sold it for $60, that would be absolutely ridiculous. I think making anywhere from $10 - $20 profit would be fair. So just figure out how much each item costs and add a little profit. I mean, if you're not looking for "Profit" then selling it simply for $5 over the cost to make it fair with little profit that would work too.
3 people like this
@Nykkee (2523)
• Canada
4 Oct 07
Zeno Acne Machine - This is a picture of the Zeno machine, which claims to get rid of pimples.
Well I do want to make a profit. I am trying to make some meony for Christmas time. I was think around $20 for a necklace, $15 for an anklet, $10 for a bracelet and $5 for earrings. Or something like that. Thanks for you opinion. Have a great day!
1 person likes this
@Nykkee (2523)
• Canada
4 Oct 07
AAARRRGGG this systme is annoying me. That is a picture of the Zeno machine, it goes with my discussion on the Zeno machine, but I posted this response while I was waiting for the picture to load in the other window and somehow the picture jumped discussions and ended up here. Ewwwww that is annoying.
1 person likes this
@raychill (6530)
• United States
4 Oct 07
No problem. Good luck to you with your selling. and no worries about the pictures. I never pay attention to them anyhow to be honest.
2 people like this
@pinklilly (3445)
• Australia
5 Oct 07
$20 for a necklace, $15 for an anklet, $10 for a bracelet and $5 for earrings. Sounds fair, I would pay that, maybe even a little more, try putting them on ebay and you may get a little more.... I wish you the best of Luck and hope you will make a profit too in time for christmas....
3 people like this
@Nykkee (2523)
• Canada
5 Oct 07
Thanks! I might try Ebay later on. I currently don't drive and live out in the country so getting things into the mail would be an issue right now.
1 person likes this
@Indiffer (287)
• Norway
4 Oct 07
You should take your costs in concideration for us when your asking. How much does it cost you to buy the stuff you need? And how uch time does it take you to meke? But to give you an answer, i would accept a price range between 20 and 30 dollars to start.
@Nykkee (2523)
• Canada
4 Oct 07
Thanks for your input. I think that is porbably about how much I will ask for.
1 person likes this
@cher913 (25865)
• Canada
4 Oct 07
well i think that is your best idea...to check out sites like ebay and see how much they are selling stuff that is similar to yours.... i would say about $25 or so...also you will definitely have to get a camara! look around, there should be sales as it gets closer to christmas!
3 people like this
@Nykkee (2523)
• Canada
4 Oct 07
Thanks for the response. I will probably wait until after Christmas to buy a camera on sale if I get one. My husband's parents have one they never use but they won't give us anything.
1 person likes this
@sedel1027 (17851)
• United States
4 Oct 07
A fair price, IMO, would be the cost of the materials plus 20%.
3 people like this
@krayzee (1161)
• Romania
4 Oct 07
Wow, that is a lovely bracelet :) I think you should try visiting etsy.com because there are a lot of hand-made stuff there including jewelery, so you might get an idea about what prices are (and perhaps get ideas for new products too :) )
3 people like this
• United States
4 Oct 07
There really are a lot of variables. It is not just about materials, but time and skill. There is craftsmanship in making jewelry - its not just about stringing a couple of beads together and calling it a day. People don't just consider when buying something like that. It has to also do with attractiveness, size/length, and the workmanship and it is up to you to point out and sell people on why yours is worthy of a good price. I would tell people that you have a decade's experience in pearl stringing so people can rest assured that if they break a hook off they are not going to have beads all over the floor. And maybe offer to repair certain items you sell - for the cost of shipping if its workmanship or will give estimates for abuse. You should really not worry about undercutting other people - that is not what is going to sell it for you. Playing up the quality is. People will pay a fair price for something they like and intend to keep for a long time and enjoy with many outfits.
2 people like this
@Nykkee (2523)
• Canada
5 Oct 07
Well I am not going into very expensive materials right now as I have very little money to get started with. I will probably charge around $20 for a necklace. At this point I plan to try to sell locally, to people at my husband's work and stuff.
• United States
5 Oct 07
I would always try to go "third key". If the materials cost you $5, charge $15, and so forth. or if $10, then $20 or $29,99, etc. Reason is: Say scenario one - you have $10 in your pocket and you don't spend it. Then scenario 2 say you decided to spend $10 on supplies. You charge $20 to recoup your money on the supplies and make $10. Essentially, you are back where you started where you had $10 in your pocket. If you charge more than double your supplies, you actually make money. If you are not comfortable charging $30 for something you put $10 to make, then charge at minimum $25 so you at least make $5 profit (i would do more but do that at least). And if you are doing this for fun and not to make money, look at it towards being able to upgrade materials or make some nice packaging, etc for the next batch.
1 person likes this
• United States
4 Oct 07
I make jewelry as well, and I price my items according to how much I spent on the supplies and how much labor i put into making it. If it was a 30 min piece than the price would be lower, but if it is something that took me longer than that or even days, i would definately charge more for it. I read that most jewelers in the retail world charge 6-10 times more than what they paid for the item. That is a huge mark up
@Nykkee (2523)
• Canada
5 Oct 07
Yea I know that with companies like Charm Diamond mark thier items up at least 100% from what the store pays for them and they are buying thier items completed. That's much more expensive stuff than I am planning on getting into right now though.
• United States
5 Oct 07
I guess my point was you can make beautiful jewelry, not charge a fortune for it, and still make a nice little profit.
1 person likes this
@nicolec (2673)
• United States
4 Oct 07
Try starting off on ebay. You may not get top dollar, but you will start to get an idea of what people are willing to pay. If people really like your work, they will pay more. Then with that top dollar amount in mind, you can build a more solid price. Good luck.
2 people like this
@Nykkee (2523)
• Canada
5 Oct 07
I am not really planning on Ebay right now, everyone says it's so competative and alsi I don't want to get into haveing to ship things right now while I do not have immediate access to the post office.
@kelly60 (4548)
• United States
5 Oct 07
The prices you listed earlier sound more than fair, but there are a lot of variables there too. What I would do is check out ebay and etsy.com for similar items. Check to see what the pricing is like there. You don't have to actually use these prices, but it's nice to have them to use as a guideline to what people are paying.
@crazed_moma (1054)
• United States
5 Oct 07
That's very pretty. I'm a bit of a cheap skate so I'd pay $30.... $40 I would consider if it was a gift.
2 people like this
@ryzach (1546)
• United States
9 Oct 07
First you have to cover the cost of All your materials. Include everything, crimps, stringing material beadtips etc.,everything! Then you have to determine how or what your time it worth. You can keep track of your time spent on each piece and determine what you will accept as payment per hour. or you can charge by the inch a certain rate and the difficulty level as well. Keep in mind what you think your buyer would be willing to buy it for. Check out competition and comparable items, the more unique it is the more valuable it becomes. I like to be fair with my pricing too. I notice sometimes I don't ask for as much as it is worth. Remember you can always lower your price if needed so don't worry about having a little high price, you have put your heart and soul into it. if you offer a box or bag with your jewelry make sure you have that expense covered as well in your price. Did you know that Helzberg jewelers charge $8 an inch for re-stringing pearls, you can do it for half that or less and still make a great profit and also give your customers a fair price. Good luck with your jewelry!
@Nykkee (2523)
• Canada
9 Oct 07
Yeah pearl stringing pays really well when the work is around. My father is a jeweller and I do all the pearl re-stringing work that he gets, he pays me a percentage of what he charges the customer and it still works out to like $20 an hour. I will probably charge around $10-$15 an hour for my work, plus double or so for my material to compensate for the time and gas spent going to get it all. I think $20 for a necklace is fair, expecially since what I have made so far are all made with real gemstone beads. I am going to get more materials today when my husband gets home from work.
• United States
7 Oct 07
I would say to forget about looking on Ebay and look on Etsy.com. In my opinion, Ebay isn't a very good site for crafters selling finshed product, especially jewelry. Etsy.com is a site for crafters selling their items and unlike Ebay, you aren't offering your item up in a 7 day auction. Instead, you are putting your item for sale, in your own shop and for far cheaper than Ebay. The Etsy fees are .20 to list an item (and you get 5 free pictures with the listing- unlike Ebay's 1 free picture) and your item listing last something like 3 or 4 months. Etsy is free to join and you need a Paypal account to sell there. Check it out, if it doesn't work for you, you can always try Ebay. I have a shop at Etsy with the same name I have here and I love it. I always wanted to sell my hand-made jewelry online, but it always appeared doing so on Ebay would be at a loss financially. Give Etsy a look, if you're into crafting, I think you'll like it!
@Nykkee (2523)
• Canada
9 Oct 07
Thanks for the tip. I will definitly have to check out Etsy.com. I am going to start off trying to sell locally, and then maybe after Christmas or something I will try to get a website up somewhere.
@nicherky (17)
• China
6 Oct 07
hey,friend,you can calculate you cost first, and then sell them at the price:cost*(1.3-1.8) or you can not set them sure price ,you can sell freely just surpass your cost are ok i hope my addvise can help you
1 person likes this
@nicherky (17)
• China
6 Oct 07
hey,friend,i think you can calculate you cost,and you can sell them at the pice:cost*(1.3-1.8), or you can sell as you want,just freely,over your cost is ok, you can charge for the jewelery different with different customers . i hope my advise can help you .
1 person likes this
@icequeen (2841)
• Canada
5 Oct 07
Well it takes time and you have to think about that and your supplies etc. I think around $20-25 would be a fair price...
1 person likes this
@yashsa (20)
• United States
5 Oct 07
Hi! I make and sell jewelry too. Pricing formula: Take the cost of metal that you used. Multiply by the amount of metal. Take the cost of each kind of bead or stone. Multiply by the number of that type. Cost of clasps, and anything else Add the materials cost. Figure out how long you spent on the item. How much is fair of you to make per hour? Add the appropriate amount to your materials cost. Round up as appropriate.
1 person likes this
@ellie26 (4128)
• Malaysia
5 Oct 07
Hi Nykkee, I also make hand-made jewelery but I mostly make rosaries and rosary bracelets. I make them using fresh water pearl or crystal. But unlike you, I make them for pure hobbies and sometimes give them away as present/gifts. I am not good at pricing but for the piece of necklace that you shown, I think I will buy it for $25.00.
1 person likes this
@venshida (4837)
• United States
5 Oct 07
This is how I price the items I make I take the cost multiply by 3. If my item cost me $5.00, I charge $15.00. I have never had any problems doing this. I had a resale shop once, and my rule was a 100% so If I purchase an item for $1.00. I had to sell it for $2.00.
@Sir_bobby88 (8242)
• Singapore
30 Mar 10
That depends on how much you would wanna seel the following bracelet yea .