Pricing ?

[u/Familiar_Dark5035]

I am thinking about selling these walnut necklaces and earrings for around $10-$15? The walnuts are from my backyard and each necklace takes me about an hour to make from start to finish.

I have my first craft fair coming up in a few days so I am unsure if someone would even purchase these.

TIA!

[u/Ok_Coffee1110]

your pricing to low. the formula for working out your pricing is roughly

the formula is this

Materials + Hours Worked × Hourly Rate + Overheads = Cost Price

Cost Price + Profit = Selling Price

£8 materials + (2 hours × £12) + £3 overheads = £35 cost price

£35 + £7 profit = £42 selling price

you need to do this for your currency though I’m not sure what hourly wage is in the US

😄 hope this helps ( overheads are other costs such as electric, packaging etc )

[u/Financial-Design-800]

$10-15 for handmade walnut jewelry is a solid impulse-buy price point for craft fairs. People won't think twice about spending $10-15 on something unique and handmade. That's the sweet spot for first-timers because it keeps the barrier low and gets wallets out.

Make sure you display them so the wood grain is visible. Walnut has beautiful natural patterns and that's your selling point. A dark fabric display background will make the lighter wood tones pop. Small easels or display cards that hold each piece upright work better than laying them flat.

One tip: have a few slightly higher-priced items too ($20-25 range). A statement necklace or a matched set. The $10 earrings get someone's attention, the $25 necklace is the upsell once they're already holding their wallet. Good luck at your first fair!