[Jewelry making - Article 00217] - Re: [Orchid] The cost of holding out

[LSHancock]

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David,

    Thanks for your wonderful perspective!  It really makes a
    difference.  I have a question for you from the manufacturing
    perspective.  Say I make a piece and the gold and stone cost is $200
    and the labor cost is $200 (my hourly rate x time to manufacture the
    product).  The wholesale cost I would charge is $600 (double the
    cost of materials).  I would retail it at a show for $1,200.  Now,
    if that piece doesn't sell after a year, how do I decide what my
    investment in that piece is $200? $400?  Should I treat labor the
    same way as I do cash?  Or, do you have some other fantastic insight
    into this situation? 

Thanks again,
Larry  


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