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Friday, October 23, 2009

Something for all you jewelry designers out there.....

Yesterday I discovered this amazing jewelry pricing calculator on Laura Brackens' website. Laura is known for her fabulous one of a kind jewelry designs, as well as being the founder of SRAJD. Laura has designed a simple to use Excel spread sheet for jewelry designers, where you input a few numbers and within minutes you have a pricing scenario based on several different situations! Material costs, time spent designing your piece, skill level used to make the item and uniqueness of the design are all factors used in this calculator to come up with a price. The calculator will tell you the following:

1) If you have to sell it for less than this, consider cannibalizing instead

2) The lowest you should ever sell it for (but that means bills are due now!)

3) For advertising, incentive or personal discounts

4) A lower-end price where you would still make a profit and stay in business

5) The average price that is most fair to you and to your customer

6) What you may be able to price it at if you have a strong following

7) The price a store may charge for it once you sell it to them

The Jewelry Pricing Calculator is only $10.00, and Laura guarantees that if you are not happy with it, you can get a full refund! Well I am really happy with mine, I have had alot of fun pricing out some of my new pieces for upcoming shows. You will receive it in an email so it arrives quickly. This is $10.00 well spent, and I highly recommend this wonderful tool if you design and sell jewelry.
Please go here to get info on buying the Jewelry Pricing Calculator from Laura Bracken.

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4 comments:

BeadedTail said...

Pricing is something I always struggle with. This looks like a great tool to help so I'll check it out!

storybeader said...

I always ask my interviewees "Do you have a modus operandi for computing the price of a handmade object? Tell us your formula." And people have all sorts of formulas!

Personally, I have a formula, but always ask myself, "Would I pay this much?" after. And you have to consider the selling location... {:-Deb

Katherine (a.k.a. Katie) Corrigan said...

I have something similar to this too. This is well done indeed. My husband says I work for pennies, it is true really, giggle. Good thing I enjoy it so much.
Wishing you happiness, Katherine

Anna said...

Norrkoping Sweden
October 26, 2009

Pricing has always been a big headache for me.

I save all receipts for any materials that I purchase and try to calculate the price. But in the end the right price is often what "feels" right for the buyer. That is to say if there is someone willing to pay the price.

This is one reason why I don't use very expensive materials such as real gold or very precious stones. There would not be anyone who could afford to buy it where I live.

But I would love to look at this pricing-tool. It might help. Thank you for mentioning it.

Best wishes
Christina Wigren

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