double entendres abound

knittenninja's picture

so i have been asked how much i would charge for a pair of wristwarmers. i have some ideas, but i'm not really sure how to price them.


do you gents sell your goods? how do you figure out how much to charge?

thanks!

Comments

YarnGuy716's picture

I triple the retail cost of my yarn. So if my yarn cost me $15, then I would charge $45. If I got it on sale or had a coupon or got a volume discount, that is my savings, I don't figure triple of that price. If a project is complex or time consuming I'll go 4 times my material cost.

As do I, thank you very much. Great work, John. Give yourself a big pat on the back. Woo Hoo !
~Mike in Tampa
Yahoo Id: stickywarp2001

Imagination is Everything.
It is the preview of Life's coming attractions.

MMario's picture

I've seen three formulae (sp?) for pricing your hand-knits.

There is the one mentioned by YarnGuy - 3 x the retail material cost.

Then there is the one that if things were just would be usuable:
# hours spent knitting x a decent wage per hour (sometimes plus retail material cost)

and the one I use if I qoute anyone Which is:

(3 x retail cost of material) PLUS (# hours knitting x decent wage) and the sum divided by 2.

The last is a comprimise figure that still causes most people to blanch and stammer, since I live in an area with a VERY depressed economy.

MMario - I don't live in the 21st Century - but I sometimes play a character who does.

MMario - I'm not divorced from reality - we're having a trial separation
http://groups.yahoo.com/group/MMarioKKnits/

Maybe some people are making money, but I decided a long time ago that knitting really isn't a very profitable activity. Unfortunately, most people simply aren't willing to pay the true cost for a handmade item when machine-made things are readily available at low prices. The exception might be very simple scarves or hats, especially if made with showy specialty yarns, that can be turned out in an evening or two.

grandcarriage's picture

I'm a fast knitter, but basically how I charge for knitting and repair is cost of yarn PLUS $15-20 hour. I adjust if I especially like the person or based on the difficulty of the pattern. Depending on the speed of your knitting...charge a reasonable rate accordingly. Hand knitting is not cheap, that's why people learn to knit or buy factory made goods.

Not tonight honey: I'm knitting...

knittenninja's picture

thanks everyone! i appreciate the input. it is extremely expensive if one considers the time that goes into making something by hand. the resulting prices get high extraordinarily quickly. which is why i am restricting myself to simple hats and tubelike gloves on super chunky yarn.
i'll let you know how things work out. ;)