Do you want to learn effective pricing tips straight from an expert at London Jewellery School?
Pricing is very important for every products however, there may be a difference when pricing a jewelry piece especially if it’s hand-made.
It is one of the most important parts of jewelry making… why? It’s because it will both speak to the quality of your product and determine whether your business will succeed or not.
As we all know, there are formulas when pricing a jewelry piece, but most of them should give you similar prices.
After you have a good estimate, you can adapt the price according to the market.
In addition, if you want to make your jewelry business into a serious business, instead of just being a hobby, you need to cover the serious side of the business and be a serious business person – that means pricing your jewelry seriously, paying yourself a reasonable wage, covering all of your expenses, and eventually, making a profit.
Here’s a video from London Jewellery School to help you price your products effectively:
Pricing your jewelry can be challenging, learn how to master the technique with this easy to use pricing sheet below. Calculate your wholesale, retail and cost price of handmade items in your handmade jewelry business.
Here’s a free downloadable pricing sheet for your own use.