Love yarn crafts? You can make a successful living doing what you love! There are many options for selling fiber arts, and there’s a market for everyone. However, this doesn’t mean that it’s simple. You have to be prepared to find your niche, market yourself and do your best. With some hard work, you can turn your passion into profit. Read the full article here.

One thing I have learned is the need for immediate gratification when making purchases, Links to our E-books and E-patterns are for more profitable than paper book books. Being able to get your pattern instantly is crucal to crafters. So if you are selling patterns then that is something to take into consideration.   Etsy is a great way to see patterns, people are confident with its services and feel that their transactions are safe.

Why is it critical to get the pricing right? You will not earn a profit if your handcrafted product is not priced correctly. Without a solid profit margin, it will be difficult to keep your business going, and surely impossible to earn a living from it.
Many professional craftsmen base their labor expenditures on a figure of $12 to $20 per hour. Many people propose multiplying the base price by 2.5 or 3 to determine the retail price. Do you want to offer your handcrafted craft product on a wholesale basis? Then, for pricing, use this formula. 2 x Supplies = Wholesale Price
Wholesale Price x 2 Equals Retail Price (or, in other words, Supplies x 4).

But wait you are not done yet! Remember to provide your hourly pay rate – how much do you wish to be paid each hour?
Simply multiply the number of hours it took you to create the product by your hourly rate to determine how much you should charge for labor charges (on top of the supplies cost).

One last thing to calculate is your overhead costs, this is not supplies but other little things like  Electricity, fuel to the market,  tools you have bought to product the crafts, etc, If you don’t account for everything you will run at a loss.

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