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How I Price My Resin Keychains | How I Price My Resin Work
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- Опубліковано 31 жов 2021
- An in-depth guideline on how I price my work!
How I make resin keychains: • How To Make Resin Keyc...
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Reply to this comment leaving me video suggestions! ❤❤
Please help me buy the materials and shipment. Calculate the entire cost and let me know
Am sorry about your leg and I wish you a quick recovery! ❤
Thank you, that was very nice of you.
I was a Procurement Manager before I retired and I did costing for a living. For someone who has never done it or says not good at math, you're awesome. You did a fantastic job. I really enjoyed your video. I'm selling my resin work now and I HATE pricing. I know I sold some of my items too cheap but it takes a while to build the confidence up when you go from hobby to selling your creations. Keep up the great job. Really enjoy your videos. :)
Ahhh thank you SO MUCH! ❤️❤️ I agree, it’s hard to price your items for what they should be but eventually we get to that point 😀 thank you for watching and leaving this very sweet comment ❤️❤️✨✨✨
Several years ago I started up an ice cream truck. I was given an easy formula: Figure you costs and triple that because in the food industry your costs can go up at any time and you don't want to have to up the price too soon. Or in other words there are variables. You did a great job teaching and you have a good attitude toward complaints. People don't know what our costs are and can only see that it costs more for us as individuals than for the big chain stores.
I’ve had 4 businesses in my life and your breakdown literally is better than a college professor could explain! And your openness is heart-warming ❤ best of luck to you; I believe you’ll be very successful 😊
This is one of the nicest things anyone has ever said to me thank you so much 🫶🏻❤️❤️❤️❤️ wow!!!
Great video. My daughter is doing her first craft sale, and deciding how to price her resin work was difficult. We decided to price using the same method you did. And when we got to the craft sale we saw others with similar items not even covering their supply costs. This made us really second-guess our decision. So I was looking at how others did their pricing and saw your video and it really validated what we chose.
Thank you for reminding everyone to be empathic/sympathetic/ understanding about money situations. Even though I've been homeless before, it still would have hurt a lot more for someone to have told me my work is overpriced before you said that, because you're right. Back then if someone had tried to sell me a keychain for $20+ I would have bugged eyed them and walked off.
Thank you for sharing this ❤
Great video. Going to show my primary school aged child this video. They have a student business fair in a couple of years and she was thinking about doing this... safely (gloves and respirator mask) and under supervision of course. It will also teach her how the world of business and life works.I've already ordered/received a bunch of molds, various items to include in the mold, keychain supplies, etc. - keeping receipts, etc. to show how the accounting all works. Showed her the various places to source at bulk, etc. Focus will be less on making money versus how profit works.
Thank you for sharing. As a fellow resin artist I never know how to price my earrings/ jewelry. I often go too low not including my time and price that the resin and material cost. I just really enjoy doing it so mostly it’s not always about the money. I just enjoy seeing people with my creation on.
I agree it’s all about the passion not the money for me too but definitely important to make sure we’re getting paid for our time, materials, etc. like I’ve said I’m the queen of underselling myself so I think it’s a great reminder to charge what we’re worth ❤️
@@MegDion yes thank you for the reminder
I sell mine for 12.00 earrings it suits me. I just started on book marks so maybe 10 there so cute.
@@49lucky cool that sounds like a reasonable price. I wish you much success with your business
I love it when you said that those people who say that your products are overpriced are going through something. Actually, that's how I see it too. If people are attacking my products on marketplace, I just think that they are going through some personal problems.
Or they just cheap
You kept saying "I'm not good at math/ explaining" but you explained everything incredibly & with such detail. This was incredibly helpful & I think you did a fantastic job explaining it, as well as how to take a step back & realize that one's pricing comment could be coming from a place of financial vulnerability & to be mindful of it, as well as not to take offense, or come back offensively. Kudos to you on all fronts!
WOWWWWW what an amazing comment omgggg 🙏🏼✨✨✨ THANK YOU ❤️❤️❤️ not only for thinking these kind things, but for taking the time to comment it so I could feel the love ❤️
You are so so appreciated by me ❤️ thank you ✨✨✨
You are so welcome! I am brand new to resin, just gir everything in today & I came across your page like MAYBE two nights ago & I've been binge watching your videos! Amazing content & super helpful!!
@@nicolemikoski7775 That's so exciting to hear you're getting started! Message me any time on my instagram @megdionart if you need any help ❤️ Thank you so much!! I'm glad you're enjoying my videos ✨✨✨
Thank you so much for your video. It is amazing you are sharing your time and experience and expertise to others who are starting out. I think 23.00 is a fair amount for a custom piece even if it is small. You didn't even include the materials for the thank card, or the packaging materials in with the shipping cost. A suggestion: If anyone complains then charge them shipping and lower your cost of the piece. It all works out the same but some may feel they are getting a better deal. This is how other small business do it. Of course you can't please everyone there is always someone not happy.
All your info is very helpful love the video even if I am a year late still helps.
I just found your channel. This is an excellent video! I'm a woodworker but I always look for different pricing strategies. In woodworking two prevalent thoughts for calculating labor are: 1. length x width x height x 2 and 2. $1 per minute. Both have advantages and disadvantages. I usually figure cost of materials + $5 shop fee + $30/hour labor. If I am offering to deliver or ship, then that cost is added in, and I advertise "free shipping / delivery". When I start selling online whatever the online fees are will also be added in.
When you said $23 I almost spit out my juice! I am new at this and was thinking $5...but you've given me the courage to up that number. Thank you Cutie! I'm your newest subscriber! Your sales are going well?
Thanks for this video!
I use UV resin for the keychain and it takes 10 ml per keychain with nothing in it. It’s a little less when you fill some of that space with other items. Hope that helps the next time you get that question. Loved this video
Thank you so much for your help! And thank you for watching ❤️❤️
Most of the videos that show how to figure out costs are from the USA, England or Australia, so it was really nice to see your calculations as a fellow Canadian. Thanks for sharing this.
Omg yay I’m so glad it could be helpful! Hello fellow Canadian 🫶🏻❤️🇨🇦
So well explained, I am starting soon and I had no idea about price, And I wish you all the best + Success in your business! 💜 Love from Spain🇪🇸
Thank you🤗. I wasn't sure what or how to charge for my resin pieces. I'm new at this and learning. Once again thank you on showing us what to factor in. ❤👏🏽👏🏽
Good luck. I wish you success
Wow this is crazy because I thought of this exact idea. I’m planning on starting a small business making keychains so I’m just doing all the research on the financial side of things. It’s good to see it on paper because it’s exactly how I planned on calculating costs. Thanks for posting! Really great info👍🏾
Thank you so much for being here and I’m glad my video could help in any way! Sending you so much love for your future business ❤️❤️❤️❤️
This was amazing!! Thankyou so much ❤️ I’ve just started making keychains & dog tags and I’ve had heaps of people ask for some so this is super helpful! ❤️
Thank you so much for being here! ❤️❤️ I’m glad I could help in any way 😘
I am totally new to this. We recently came to the USA and I am looking into starting a small business starting with resin jewelry.
Your video answered a lot of my questions. Thank you so much!
I’m so glad I could help in any way ❤️❤️✨ sending you all the love and positivity ❤️
Ty for understanding people's reaction to pricing it's refreshing. I'm a first time viewer.
Thank you for being here ❤️
Mine sold for $3 to start then my daughter bought all of them wholesale and sold them for $8 they weren't very big just green and other colors merry jane leaves and molds were only $6 and the resin was $50 for 200 grams I think.
I spent less than $100 to start and made about $200 in total. Quite happy to double my money.
That’s amazing!!!!! Thank you for sharing that ❤️❤️
Also had a larger sale years ago. Made $7.604.00 off of a political rally. Lots of people wanted my pendant necklaces.
Thanks im juststarting out with resin. So this helps alot. I havent done the fairs yet. I went today just to see how much product id need. Its alot yikes. 😃Amy
GLAD TO HEAR YOURE STARTING OUT! It’s definitely a lot but you can just get it little by little ❤️❤️
Thanks for sharing. I am just starting out with resin jewelry and keychains and have my first booth at a local market soon and I've been dreading pricing my items. This video really gave me some good information and I don't feel so bad for pricing these a little higher than what I was originally planning.
I’m so glad you’re going to price the way you deserve!! ❤️❤️
How was your market?
You did a fantastic job explaining your cost process. Thank you so much for the information and for the time you put in to bringing us cost information. 💖
THANK YOU SO MUCH!!! I’m so glad you found it helpful and thank you for letting me know ❤️❤️❤️❤️❤️
New subscriber here and thank you so much for this video. I decided to learn how to make bookmarks this summer and donated alphabet keychains to my little one's end of year, school party raffle draw. It's scary trying to price your work especially when I compare with the pricing on other platforms. Thank again for this and looking forward to more of your videos. A fellow Canadian here. 😊🇨🇦
Thank you for being here and subscribing I appreciate you ❤️❤️❤️ I love that you I donated letters that’s so sweet! It’s scary to price for sure - I agree!!
Thank you so much for this video! It helped me so much! I am about to open an Etsy shop and am realizing a lot goes into just listing one item. This video made it so simple for me to put my numbers together ❤️
I’m soooo glad it was helpful ❤️❤️
This is really helpful I've started working on something like this so its good to know that its okay to check all this out and on the right track I think I will try to include the resin as well as it is the key ingredient by using the price and the resins ml as a guide
I'm starting my sewing business I have only just started so haven't sold anything yet as I'm saving for more materials and other items to make things. Up cycling some material or using new material and using some older materials and items to make the whole thing. Thanks for the pricing tutorial as it reminded me to add in some of the costs I forgot about.
Yay I’m so glad this video was useful ❤️ good luck with your business that sounds awesome!
If you want to figure out how much resin a keychain uses, you can weigh it after it is cured and divide the weight into the weight of your resin bottles. I would think you would charge the same amount for each letter. Since some letters use more resin, you may want to do a bunch, weigh them all together, then divide by the number of letters on the scale. Take that number and divide into the weight of your total resin weight in your bottles, then use that number to divide into your total price for your bottles of resin. That should give you the average price of the resin you use for each keychain. I hope you followed that- just do it step by step. 😊
Thank you for this!!
i’m so glad you made this, i am starting a resin company. and i had no idea how to price
I’m so glad I could help in any way!! Thank you for watching ❤️❤️
I love this video!!!! Thank you
I thought you were awesome. I am just thinking about resin as part of art that we are doing so thank you so much for all your help. May amazing things always be part of your life:}
Thank you so much for this kind comment!!!
This was a great video. It's hard work I know because I do the same craft. Love your break down. Ty. 🌻
You do the same craft that’s awesome!! It is a lot of work! Thank you for leaving me a comment and enjoying the video ❤️❤️❤️
@@MegDion ❤️.
Thank you so much for sharing this. I also have my own business and I've watched a lot of videos on what tocharge? Yours is by far the easiest one to use. Thanks ❤❤❤❤
Thank you so much!!! I’m glad it was helpful ❤️
I appreciate this I sell my products for way less then I should. Ty
Yesss make the money you’re worth!!
All you said made a lot of sense! Thank you.
Thank you that is a great help for me will like to see some of your resin art work have a wonderful day
Thank you for this video.I like your honesty very much.You shared valuable knowledge.May you be happy 😊😊😊
Thanks for sharing your information and explanations . Resin is not Cheap. then all the other supplies too. Thank you for your time.
Thank you so much for being here ❤️
This video was very helpful it opened my eyes to other things i didn't think about so thank you sooo much ❤️
I'm so glad! Thank you for watching ❤️
Base cost times 3 or 4
34oz (1005.5ml) bottle $30
Base cost
100ml, approximately $3
66ml, approximately, $2
33ml, approximately, $1
25ml, approximately, 0.75 cents
17ml, approximately, 0.50 cents
9ml, approximately, 0.25 cents
Cost
Incense burner flat (45ml) $5
Incense burner mandala, basic (80) $10
Incense burner mandala, painted (80) $15
Fidgets (12ml to 14ml) $2
Emojis (40ML) $10
Frogs (8ml) $5
I am a visual learner, so Thank You So Much 👍
I’m so glad it was helpful! Thank you for letting me know ❤️ I am also a visual learner!
To measure how much resin just fill your mold with water and measure how much water you put in the mold. That lets you know how much resin it takes. I will say I used 2 oz of A and 2 oz of B so 4 oz of resin and did a whole alphabet and just a little bit extra left maybe enough to do one or two more letters
Thank you!!!!! ❤️❤️❤️❤️
Great advice!
Good Job.
I am learning how to make keychain with resin this was very helpful to me. Thank you so much.
Thank you so much for watching and leaving me such a nice comment ❤️
Thank you for sharing this video, what is best way to pack a key chain
I use tissue paper to wrap the keychain and then a bubble mailer to ship it!
. Thank you for sharing your video as it has really helped me with how to price some of my creations.
I’m so glad!!
Thanks for the advice I also have people telling me my products are to high priced but I don't price then any higher than others sellers in my area
thank you...
forgot where... but to calculate the amount of resin use.. just pour water in the mold then weigh it... roughly you will get the amount of resin to use...
I think your math and explanation were great. Love from NB!
Thank you so much I really appreciate it ❤
Meg you did a great job on the video, loved it!
Thank you!!
Wow! Great information; yes, we do have a tendency to under pay ourselves. Thx
Thank you❤️❤️❤️❤️
I believe you were very informative ! im new at this but i enjoy making things . If you had a regular job how much would you be making , and how much is to much ? i think if it dont sell its either to expensive or just not a good product and on the other hand if your selling butt loads to just a few people then its to cheap ! Its got to balance out , i make leather keychains and acrylic keychains
along with wood and acrylic book marks , wood signs and metal jewelry and i find the cheapest person in the world and ask how much would they pay for it , then double it !
Thank you for breaking it down I never knew to include that I always go to low
Thank you for watching! Definitely make sure you get paid for your talent and hard work ❤️
I have just found your videos. You have a great way of showing your passion and teaching your learned skills. I am new to resin and absolutely love it! I have been going thru your videos. Also love you are also in Ontario so I can relate to your purchases and shipments! Love your videos!
Thank you so much for this kind comment omg you made my day!! Thank you for being here ❤️
THIS IS AN AWESOME VIDEO!!!!!!! Thank you so much!!!
THANK YOU!!! ❤️❤️
Your video was great thank you I am just learning to use resin and I do have the mild to make keychains
THANK YOU! This explanation helps out in so many ways!
AHHHH thank you for being here!! I’m so glad this video helped in any way 🙏🏼❤️❤️✨
Great job. How did you break ur leg?? So sorry. I broke my leg too. I love how positive you are., And the fact you don't talk fast. I always forget to add my time to anything l make. Thank you again, love, k
I was hiking with my friend and fell down a forest slope - my knee broke my fall on a rock which caused my femur to crash down on my tibia & break it! 3 months of no walking & 2 surgeries! How did you break yours??
Also thank you so much ❤️❤️
Explanation on your pricing was well done
Thank you!! ❤️❤️
Yes, it went well thank you for this video.
A very helpful video thank you
Thank you for that information well done
Thank you for watching!
One stamp for a bubble wrap mailer 😮 it cost over 3.00 to mail something in that size packaging
Love the video and thanks for those advice I still do resin but I’m thinking to do macrame rainbow and maybe jewelry all together but I’m probably gonna stick to resin for now
Thank you for being here as always!! ❤️❤️ that sounds really cool it’d be fun to pick up more passions alongside resin! ❤️
@@MegDion your welcome 🤗
Where I live, Often the price for shipping is twice what the product costs!
Shipping is my last road block WRT selling crafts.
It’s soooo expensive!!!! :( it sucks!
You are so cute and sweet for doing this for us. Thank you so much.
Thank you!!! ❤️ I’m working on an updated shipping method video right now!
Excellent…..thank you. Subscribed.😋
Thank you for being here!!
hi Meg i really love the way you explain n you are so honest i like that im the same im not good with math but i love to count money hahahhah but you explain so well and thanks for talk in detail thank you again
Thank you so much for watching and leaving me such a kind comment! I appreciate you ❤️
Thank you so much for a very helpful video.
Thank you for watching!
I had one lady at a craft fair tell me she wouldn’t pay a penny more for an item, in the next few minutes I had another lady tell me I wasn’t charging enough, lol. I liked the Second Lady better 😁
Sooo subjective!!!
This might be a little different but I live in the United States and it’s a bit different where I live every package less than a pound is that two dollars and anything is a bit more than that it’s seven dollars about like over a pound at seven dollars and then as the item is a package get progressively heavier that price increases by 10¢-15¢
I love this video.....
Keep up the good work love💖💖
Thank you so much 😘😘❤️❤️ sending you love!! ✨✨
Thank you so much, so helpful❤️
Thank you!!! I’m so glad it was ❤️❤️
There’s also things like:
• electricity/gas,
• water,
• gas (driving to buy materials, visit post office)
• clean-up materials (soap, paper towel, garbage bags),
• safety materials (gloves, eye protection, worktop coverings),
• slight waste (minimal dye, resin, glitter - left in prep cup). The precise amount of resin needed to fill any particular mold isn’t going to be the correct number when determining “how much resin?” because of those small amounts left on your spatulas, drips, reside left in prep cups, overfill bulk that gets sanded off in finishing steps, etc.
My question:
For those who are new to epoxy crafting and just to trying to get into selling their products (tumblers and various mold-made items), how challenging do you think it is to break into the market and be able to have consistent sales? To me, it seems like a highly saturated market, and unless you are very skilled, make unique items or somehow have a following from the start (maybe you have a UA-cam fan base who earns you sales from the start), my guess is that it’s challenging to earn and maintain enough sales to make it an attractive, profitable activity.
For example, I’ve been a viewer of a UA-cam lady who has always made videos focused on saving money and finding deals. Her best friend got into resin crafting and Cricut use, and so after decorating just one tumbler at her friends place, which involved a Cricut decal, she decided that she was going to get onto resin/Cricut crafting and also sell. She them went wild and bought a Cricut and about 50 rolls of vinyl, along with all the Cricut tools, as well as a tumbler spinner, approx 20 tumblers, loads of molds, mica, resin, endless supplies (even many colored extra reusable straws to include with tumbler sales), hundreds of stickers - you name it, she bought it. Granted lots of her purchases were from Temu or clearance shelves (which, to me, equals lower quality supplies and lower quality finished goods 👎). She doesn’t have a grasp on proper technique or skill (she has only made a single tumbler, so that’s expected). To me, I’d think that it would be hard for her to make back the substantial amount of money she spent buying so many supplies! Her UA-cam audience is very small and are budget-focused (generally), and so aren’t going to be the people who want to spend $20 on a keychain. And - I’m not trying to be mean here. My experience and education is in accounting, and so all of this is purely objective. It’s a combination of cost inputs and possible sales, which have some relation to product design skill level and end product quality.
Since you have experience in the market, what are your thoughts about that situation? Where someone has nearly no experience/skill, however has spent lots of money on supplies. What do you predict their sales will be like ?
Great video, beautiful 💯thanks
Gorgrous!
😃
Thank you very much for this! :D
Thank you for watching!!
Thank you for this 😍
You explained it well
Just wanted to point out
The one off items will have to be replaced at some stage. Or better quality ones bought so you should factor in something. Say $1... 💜🤔😊
Thank you!!
Thank you, very helpful
Thank you for watching! I’m so glad it was ❤️
Very informative. Thank you. How do you advertise your product. I was going to try Facebook but I heard not very productive or lucrative.
Thank you! You can pay for Etsy/social media ads, use social media, do a giveaway so people tag your business/post you, try to sell at small local markets, and more!
Great video
Thank you ❤️❤️
You did great. Have you had a lot of trouble selling your resin items due to what you charged?
Thank you so much!! ❤️❤️ no I haven’t felt that way! 😀❤️
Thank you for this video! I started making 3D glow in the dark pole dance boot keychains and I’ve been struggling with pricing. I priced everything out like you did but I also looked at Etsy and someone sells 2D boots and sells them at $26 per (free shipping). I priced mine at $24.50 with free shipping in the U.S. but maybe that’s too high for people. I think it’s fair because the boots are made in house. They are sculpted out of clay, molded, and then resin copies are made. 🤷♀️ not sure if you have any advice about it. 😩
It sounds like you put a lottttt of effort into these pieces of art so I’ll always encourage you to price your work in a way that makes you decent profit ❤️ (ps. These sound super cool - Id love to see a photo of them if you want to send me some on Instagram) ❤️🥰
After you sand the edges of the key chain, do you done that side or paint over sanded area with resin?
Hi, I love watching the content you share with us to not only see the "how to" but the why. As Im just starting in the resin business, what do you think are the best sales wise for a newbie to sell?
Thank you so much 🙏🏼❤️ I really appreciate you!
The best things are: keychains, bookmarks, and floral wall hangings from my experience!
Wow. Young lady I am very impressed with your honesty and Work attitude. Somehow you convinced me to post a like and become a sub. Greetings from Florida . I believe Steve Jobs once said to be successful in business : keep Motivated and Stay Hungry 😋. Au Revoir Madmoiselle.
Thank you so much you've made my day!! ❤❤✨ Thank you for subscribing I'm happy to have you here and appreciate the support!❤✨
The formula i use is cost of supplies, shipping (if you do free shipping), fees multiple by 4, add the cost per time worked, divided by 2. If you run frequent sales you may want to also make up for the loss revenue so you would multiple the final number by the sale amount (if the sale is 15% off you would multiply by 1.15).
Thank you so much for sharing that!! ^^
Excellent video thank you. Where are you getting the envelopes that fits with only one Canadian Stamp? Please give me the link and I will purchase through your Amazon link. Thank you.
I use these: amzn.to/3TOolcI
Thank you ❤️❤️
@@MegDion appreciated
I'm only half way in, so not sure if you address this, but I'd love to know what website or program you use for your shipping. How do you print your labels/calculate the shipping. I have a website, but I can't for the life of me figure out the best program/website to use for shipping labels. Thanks for this great breakdown!
She ships predominately with stamps. If you are in Canada and want send with tracked mail I would suggest using Chit Chats, it is almost half the price as Canada Post.
@@juliafig17 Dang! I'm in the US! But thanks for the info! I really appreciate it! 💙
@@JustCallMeMeghan I think you can use Chit Chats in the USA but I am not 100% sure, and if so I do not know the difference in the prices since the USA seems to have way better prices than Canada. I can send a tracked package to California from Ontario and that costs about $6.50 ($5.25 USD), while shipping to British Columbia which is at the other end of the Canada is around $10 ($8 USD) and that is with Chit Chats. If i were to go with Canada post it is about $20 ($16 USD).
@@juliafig17 Thanks SO MUCH for all the helpful info!! 💙
@@JustCallMeMeghan you are welcome!
Your video was good and clear to follow. Yeah, I'm not one who would charge nor pay $23 for a single letter Keychain...and money is not tight, I'm very frugal though...😂. I just don't see it as a reasonable price for the value.
Very fair!
Do you find your rings are good quality and don’t tarnish?
Good information. Are keys chains your top seller?
Thank you! Yes they are :)
Thank you meg
Thank you for watching!! ❤️
It's usually family and friends that want me to practically give them my creations! They'll spend money on other things that are more expensive than my items, but think I should give them discounts..
thank you so much and here I was about to charge $15! I am going to increase it to $20
Whatever works for you is good but I just like to make sure everyone’s making enough profit for all their hard work ❤️❤️ (also - sometimes i put my keychains on sale to about $12-15 to increase sales for a bit but then I put them back to regular price!)
I have a question how much should I charge for my time it takes Mr to make
someone please answer
I want to start I hope I make a reasonable profit!
You will!!!! You got this 🫶🏻
Omg appreciate this soo muchhh❤❤❤❤ill love to know when do you usually pay yourself...as a business owner i usually do every couple months....but not sure if its working or am i doing it right....will love your input 🥰❤
I appreciate YOU! Thank you for being here ❤️❤️ I don’t have a set time I pay myself I just include it in my sales/keep track of that ❤️❤️
@@MegDion awww thank you so muchhh appreciate it🥺🥺❤❤❤