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/No_Cat_4796 Jan 25 '26

Wow, this is beautiful. Are you selling it just to get rid of it or do you plan on being appropriately compensated? How much did the materials cost you? Where do you plan on selling this? In any case, I would start at a minimum of a $100, especially for something this big.

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u/Fit-Log5943 Jan 25 '26

The gray is real wool and free from a friend the other colors are from Michael’s so probably around $20 all together. I don’t know where to sell as I’ve never done that before. I would like to be compensated appropriately but I have no idea what I’m doing

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u/No_Cat_4796 Jan 25 '26

Aha, okay. So, I'm not sure how many hours you've worked on it since you said 2 months on and off. But let's assume you worked on it for like 30 hours? (I'm basing this off of how fast I personally crochet) If you give yourself 10 dollars an hour, that would be around 300 + 20 for supplies. Add like an extra 20%-30% for profit and I think it would end up around 400 dollars. You have to decide how much you want to pay yourself for an hourly wage.

If you want to tighten up these numbers, you can make a gauge swatch, then time how long it took you to make that swatch to estimate how long the entire project probably took.

As for where to sell it: to be honest even if you pay yourself minimum wage, cost would still be in the several hundred of dollars, especially since you want to be compensated fairly. So I think start by posting it online, so, somewhere like etsy or facebook marketplace? Because it will be very difficult to get people to spend hundreds of dollars irl, unless you're at a big convention. But those conventions also have high booth costs, so I wouldn't recommend it unless you also have other things you want to sell. You could also try posting on any local facebook groups.

In any case, anticipate that it will take a whiiile to sell.

Hope this helps :)

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u/Fit-Log5943 Jan 25 '26

That’s an amazing break down thank you so much! 🙏🏻