$ to charge per hour--making shop items?

I'm in the process of creating and pricing items for my new shop, and have run into a bit of an issue. I'm not sure how much I should "charge" per hour of making each item. I know several people don't, but let's face it--time is money, and it's more responsible to include creation time in the price of the finished item.

I know $5 an hour is probably pretty standard, but I also feel like I should at least be paying myself minimum wage (about $7 or $8 an hour), if I want to be serious about this (and I am). At the same time, I don't want the prices to get so high that they can't compete with those who undercut the rest of us in the industry by not adding money to the price for creation time.

What do you all think?

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4 replies since 18th August 2010 • Last reply 18th August 2010

Reply #1:

Nobody? Happy

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Reply #2:

i dont have a shop yet but i would think things could get very pricey charging creation time maybe just charge what you feel you would expect to pay for the item.

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Reply #3:

I'd definitely say put creation time in there! I would. You put the effort into making the items, so why can't you get paid for it? But then again, it could come out pricey. So maybe you could start higher and if you don't get any sales then lower them maybe? I don't have a shop either so wouldn't know if that is a wise idea or not...

Maybe if you put the creation price charge you would like then have random sales to entice customers? Sorry if I'm not much help I'm not entirely sure how selling your items work but I think you are right to ask for a creation time 'charge'.

Try this, see how expensive it comes out...
<a href="http://www.beadsdirect.co.uk/blog/2010/08/04/how-to-sell-your-jewellery-pricing-strategies/">http://www.beadsdirect.co.uk/blog/2010/08/04/how-to-sell-your-jewellery-pricing-strategies/</a>

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Reply #4:

Thanks!

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