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Old 10-31-2013, 04:13 AM
lorah's Avatar
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Default For those that sell crafts

For those that sell knitted or crocheted items, how do you figure the cost for your time? Or do you? I don't have the opportunity to start something and keep going until I finish. It is stop and start. Do you just write down how long you worked on something and then total it? Thanks for any ideas.
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Old 12-27-2013, 04:03 PM
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Location: South Dakota
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I'm curious about this too. I don't factor in the time as much as I probably should because I mostly make "quick" things (caps & scarves) that I can usually do up in one sitting. OTOH, the yarn cost for these items tends to be pretty low. I try to keep my prices comparable to other handmade goods I see...
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Old 01-14-2014, 07:33 AM
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I just found a formula for this recently. It says that crafters make between $10 - $20 an hour + the cost of materials. That x 2 gives you the wholesale price, the wholesale price x 2 gives you the retail price.

BUT - I also have that problem with I can work on a custom order doing all the jobs I have to do on regular orders...

There was another formula that that also added 10-15% to the cost of materials for overhead.


It's something to play with.
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Old 01-26-2014, 09:31 PM
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Last edited by calvarenga; 01-26-2014 at 09:32 PM.
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Old 01-27-2014, 06:17 AM
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I came across this site a couple of weeks ago and it has some awesome information on it: Crochet for Profit - Tips for Making Money with Crocheting
I am working on some baby blankets on my down time and have compared my work to those on etsy. I will probably price mine a little lower than most and not ship overseas. It will be trial and error.
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