Are You Pricing Your Craft Items Correctly? | Let's Work Out The Costs | Needle Felting Business
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- Опубліковано 15 жов 2024
- In this video today I will go through how I price up my needle felted creations ready for Etsy or a craft fair and show you how I do it. Any questions, just pop them in the comments, thanks for watching!
Hey felters and crafters,
Below are all my links, thank you for being here and supporting the channel. I am just a mum of two who tries to needle felt every free second I have! I am constantly trying to improve and love all things wool related (who doesn’t, we are all addicted!). My new motto - never stop felting (or crafting or creating or building our small businesses!) xx
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I am happy for you to make and sell any of the creations from my full tutorials only BUT YOU MUST REFERENCE MY BUSINESS.
ALL TEACHING RIGHTS remain copyright to myself, this includes but is not exclusive to PDF’s, patterns, on-line courses, workshops, and the production of kits. Any breach of this will be challenged first by a polite email, then a “cease and desist” will be sent and legal advice sought before any further action. Thank you for respecting my rights as a creator and needle felting artist.
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#needlefeltingforbeginners #needlefeltingbusiness #needlefeltingtutorials
thank you philippa for the helpful video!
i think there are some crafters who struggle with hourly pricing, especially when just starting out.
Inevitably, someone with less experience felting takes a much longer time to complete the same project (for example, I might take 8 hours to complete the same sheep phililpa created in 3, but it doesn't mean I get to charge 5x8 pounds more for the same product!)
In these cases I think it's helpful to refer to the pricing of other, more experienced crafters. This way you can sell more items at a reasonable price, get more practice in, and switch to an hourly price when you have more confidence in the craft. 🥰
Yes, definitely, I cover looking at skill level and checking the market in my other video on pricing xx
My husband has been telling me this since I started....he says 'you listen to Philippa because she's on UA-cam!' 😅❤️
Sorry about that! 😄x
I’m researching felting at the moment, hopefully giving it a go soon! I love yr videos, Thanku
I have quite a few hobbies, in the process of renovating a dollhouse, I make polymer clay fairy houses too and handmade soaps 😊 I feel I don’t value my skills enough, never have, probably just about cover the cost of materials, think I need to have more confidence and be braver 😅
Absolutely, especially as you have a combination of skills, always easier said than done though, thanks for watching and hope you enjoy felting if you try it x
Thank you hon that was useful. But I am no were , near selling i have to get consistence..... I am super pleased you are making so much progress xxxxx
Thanks so much xx
Super interesting Pippa! I'd never have thought a sheep would cost nearly a tenner in materials alone. I guess cause we all buy in bulk and wool is relatively cheap, but it does add up. I never think in the terms of breaking even either after time and costs! It certainly puts a different spin on it all for me in terms of worth.
Thank you! xx
I do think it was my wool at £5 but if you use a nice tops they are about £3 to £4. It was a good test to work it out exactly as that really helps you see this as a business. I thought I took longer but obviously not, must be all those cups of tea I get! 😄x
Thank you so much, Philippa. You are an angel for doing these videos 🙏
Glad you liked it, just gives people an idea of how I price and sell things x
This is a very helpful topic! Thanks!
Thanks! It was good for me to price it up exactly too x
Hi Phillipa, my name is Dorina, I am from Romania, I have a UA-cam channel for 5 years and for some time I have discovered and learned the needle technique.
I follow your tutorials with interest and today's one was like an answer to my questions.
Interesting calculation (final product cost).
Question: what kind of legal form is suitable for this kind of business? I want to make income from this activity in the near future.
Thank you!
Hi Dorina,
In the UK we have no legal form needed, these are adult ornaments so do not need CE testing (a safety test for children's toys etc). I do have insurance which is advisable if you are selling on Etsy, that is all really. Do ask if that hasn't explained it correctly and thank you for watching x
@@feltsbyphilippa How to tax the income from the sales of these decorations..Thans a lot
Etsy sort out the overseas taxes and then I just pay my UK tax through our tax system x
@@feltsbyphilippa income tax you pay to the individual by supplementary income tax return - not being an entity thx
Not sure about paying tax to the individual just done through my tax return yearly x
Thank You for sharing 😘❤️
You are so welcome
Really interesting thank you
Very welcome
Great video 👍 do you factor in the time it takes you to market and sell? For example, mileage to get to the craft fair, or an hourly rate for photography and posting online?
I cover other factors in my pricing your craft items. Mileage isn't a big thing for me but would be if I travelled alot. Time to take photos and post definitely should be included when you start but I can do 10 items in about 2 hours now so it's roughly 12 minutes each (through copying previous listings so just new photos and video). It wouldn't be that much more to the price. Time to go to the post office is another expense especially if it's just one item but despite all of this being able to sell and cover all of costs and nearly all labour is a definite goal when you first start out and knowing how long you take to felt an item is great for being more exact x
@@feltsbyphilippa that all makes perfect sense. Thank you for sharing your processes! 😊
Your works of art are very different as they are amazing and collectibles and you have years of skill behind you plus they are in demand too xx
what kind of wool was the wool you used for the body?
Hi, it was just a wool yarn from Amazon, I don't know the name of it as it was a while ago, just get one with some wool content so it will felt easily x
@@feltsbyphilippa Thanks so much x
Where can your work be purchased?
Anything I have for sale at present is on my Etsy shop, the link is in the video description, thanks so much 🙂