Shewill5 Posted October 10, 2010 Share Posted October 10, 2010 This whole post is scaring me as an ex accounting person turned crafter. Quote Link to comment Share on other sites More sharing options...
kandlenutz Posted October 10, 2010 Share Posted October 10, 2010 Wow, what a great post to read!!! I have been thinking about my pricing and after reading this I think I am even more confused!! LOL. We have been throwing around the idea of opening a retail store, very small and conservative. I have been scouting local competion, there isnt much, but also wondering if i needed to raise my prices now before I get into "business". But, then I am also thinking about getting some wholesale accts, and wonder how that would work. I think I should either get my own store or do wholesale accts, probably not both... I went to a festival today and saw the 8 oz jelly jars priced from $3.50 to $5, per jar. I charge $6 each or 4/$20 for mine, but I did notice that I have more money in my labels than those suppliers did. They didnt even have warning labels on them!! I have estimated that I have around 1.65 in each 8 oz jelly jar (6 oz fill). Thats great that you can sell your 10 oz jars for $5 and make money on them! I think next year we are also going to try to do some street fairs/festivals. Quote Link to comment Share on other sites More sharing options...
Catlover Posted October 14, 2010 Share Posted October 14, 2010 Candlenutz, I see you're doing the same thing I am--referring to the actual amount of "fill" in your jars. I use jars that are referred to as much larger than what they can actually contain; so in my product description I use the oz. that are truly in there, not what the jar can hold. Probably makes it look like I'm overpriced, but at least I'm trying to be honest I guess. I've also agonized over pricing and have finally wound up in an OK middle-of-the-road place where I'm not giving stuff away, but not expecting people to pay for a new, unproven name (being my company). Headache-inducing stuff. Quote Link to comment Share on other sites More sharing options...
Judiee Posted October 14, 2010 Share Posted October 14, 2010 ... We have been throwing around the idea of opening a retail store, very small and conservative. ... ... and hopefully more then just candles. Business is tough these days as we all know and opening a store, even a small one, could get expensive. If it doesn't work out and you have a lease that could be a big problem. Good luck if you take that plunge.If you have a decent mall nearby why not check into renting a kiosk for a few weeks and compare that to leasing regular retail space. The upside is the mall brings shoppers. The down side is that malls typically require you be open a certain number of hours which may be more then you're willing to do. Just a thought. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.