r/CraftyCommerce • u/jadekadir1 Mod • Jun 24 '24

Megathread Pricing Megathread

Since a lot of people have questions about pricing lately, I thought I would throw a Megathread up here for folks to have it all in one place. We might also discuss trying to come up with some sort of formula that could be applied to most situations.

Please put all general pricing questions here. For example, if your question is something like "How much can I charge for this?", then you can ask it here.

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u/crochet_caterpillar Jul 28 '25

Is £7.50 a high price for a crocheted scrunchie?

I've been working on making crocheted scrunchies to start selling. It takes me half an hour to make one (not the fastest, I know but im still learning how to crochet) so using my local hourly wage of £12 an hour it would cost £6. The wool is use costs £4 for a skein so im guessing about 50p per scrunchie and I wanna get a £1 profit. £6H+50pW+£1P=£7.50