One of the biggest questions that I got asked when I was heavy into crafting was how to price my handmade crafts, quilts, and dolls. Making and selling your own crafts has it's benefits. If you have a unique craft, price it right, and market it successfully, it can make a great profit. There are many suggestions and books that you can read on the subject and I recommend that you do.  I will share my 25 years experience of what worked for me.

There are a couple of ways to do this and you need to do what works best for you and your business.  First of all, in general, a basic business equation for pricing crafts would be to take the cost of the materials that it took to make the craft, and multiply that number by five.  This will give you the selling cost of the craft.  Here is an example.

Now, there are some things I need to ask myself, like would I pay $28.00 for this 28"snowman doll, and yes, I would.  This doll happens to be one of my biggest sellers, so I feel I priced it just right.

This is not always the case.  Let's say I made a beautiful 48" X 36" quilt, bought great quilting fabrics, used the best batting, had it quilted by a professional.  The cost to make my quilt and have it quilted is $75.00.  That would mean I would have to sell a 48" X 36" quilt for $375.00.  I would not pay that price for a small size regular quilt.

If people seem to love your craft, quilt, or product, but aren't buying it, then you need to somehow find a way to lower the cost.  Maybe you could find cheaper sources for your materials and supplies, or find a way to make it faster.

In general, only you can find the best way to price your crafts.  After all, it is your idea, your money spent on the supplies, and your time making the handmade crafts. I would also like to say don't cut yourself to short and do your "work for free" as we say in the craft business.  It is a handmade item that you took the time to make and you should be paid for it.