Re: Pricing eye-opener

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Posted by Trisha on October 25, 2002 at 20:52:35:

In Reply to: Pricing eye-opener posted by Sherrill on October 25, 2002 at 16:48:30:

: While on another forum, the thread was on pricing, the hardest issue we folks debate. In my reply, I set out an example of pricing that I use: (materials + labor) x 2.5 = retail price. The person who answered me said that my formula result seemed just a tad over what should be wholesale and suggested I come to this site for a better discussion and understanding of the subject. Yeowser!

Hi Sherrill,
What I had said, was that the formula you presented, was a bit more than *I* do for wholesale.

You are absolutely correct, this being one of the hardest issues! Glad you made your way over here too, John has loads of wonderful info!

"Art is not a thing; it is a way."-Elbert Hubbard (whoever he is)

: Just so you know what my slant on art is: I create distincive beaded jewelry, adornments and beaded artworks.

: I think I'll stay with the prices I've already marked things, and for any new things, I will take (materials + labor) X 4 to see what the numbers bring. Either that or I'll re-shuffle the whole works for 2003.

: Interesting, too, was the discussion on wholesale shows....

: I think I'm going to do a lot of thinking in the few months remaining of 2002.

: Thank you, John, for this wonderful site; the forum, your articles, and the willingness of everyone to share information.

: Wherever you go take joy!
: Blessings, Sherrill

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