Pricing of Hand Spun Yarn

[Former_Member]

I'm have trouble pricing my hand spun yarns so that they are still profitable to me and still priced to sell. Any thoughts on finding that balance? What would you pay for hand spun yarns?

Thanks for the help everyone.
Elizabeth

[Former_Member]

I'm kind of in the same dilemma right now. I was given some advice from someone recently on what to do. First figure out the overhead amount (what you paid for the fiber), then figure out a amount/hour that you think is reasonable to charge. Finally any extras like if it's 2 or 3-ply yarn, was it hand dyed, etc.

I have a spreadsheet I started 2 days ago to figure this all out, and basically I'll have a column for everything, (one for overhead, singles, 2-ply, 3-ply, extra ounces above 4, hand dyed) plug in my numbers and it spits out a price. It also acts as double duty for me to figure out my inventory as well.

Hope this helps.

[Former_Member]

so then, what is a good price for labor? If it were sewing it would be upwards of $10+ an hour which is what I was paid when I did it professionally in theater. Hell, my baby sitter gets $10/hour....
I'm thinking at least min wage.
What do you use?

[Former_Member]

Pricing handmade items are always a challenge. Of course you can calculate your cost and time, but a lot depends on how fast you are at what you're doing, and what the quality is that you produce. :)
In addition to calculating your what you thing you should get, look around here on etsy and compare your products to others to give you an idea, and find that balance.
Of course good presentation is half the success in selling ;)

Hope this helped.

Susan

Alpaca4US.blogspot.com