I've been asked to create a range of cards for another business. I have had to provide descriptions, postage and pricing with room for commission to be added.
The whole exercise has confirmed that I am not pricing my cards correctly. At times I think I just cover material costs which doesn't exactly bode well for someone with their own business!! It would be impossible to charge for time at an hourly rate, but a profit still needs to be made as well as costs covered.
I think that the price I attach to my cards needs to go a little way to reflect the time I've put in and the fact I am offering a unique product. Are you a crafter who has had the same issues? Or are you a customer - do you think hand made goods are priced fairly?
In other news, I am continuing to extend my business and have begun to dip my toes into the world of craft supplies. This has always been an aim. I love beautiful, papers, ribbons, buttons etc and have so much admiration for lots of clever crafters out there. As with everything in my life it's all about the little steps. I've already added a small range of ribbons to
Sharkey Tees Gift Shop & Craft Supplies and there are now also barrel shaped pony beads. My toddler loves all the colours and has had to have his bag of them to play with!! Yet again my profit margin is narrowing ha ha!!