[Jewelry making - Article 00492] - Re: [Orchid] Pricing wire wrapped jewelry

[K. David Woolley]

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    Trying to remember my class in pricing... boils down to: 

    a (Material cost per gram)
    b (Number of grams)
    y (Hourly rate)
    z (Number of hours--fraction if under 1 hour)

    (a * b) + (y * z) = actual cost

    The actual cost is what you need to get paid, so if in any situation
    that has consignment fees, taxes or what have you then it has to be
    added onto this so that you still get this. 

    A German woman who came over to Canada to workshop stringing pearls
    deals in expensive materials (Palladium, 18k and the like) simply
    doubles her material costs and calls it a day. 

    Hope that helps, I go slow, don't like to be stressed and the like,
    so I only charged CND$10.00 hourly rate as I will take 1 hour to do
    what a production jeweller would zip through in a third or quarter of
    the time (of course that's as much a benefit of doing production runs
    as anything else). 

    Some hobbyist are only charging $2.50/hour or less for costume
    jewellery, but that only hurts themselves and everyone else. I
    recommend that they at least get double the materials back (so they
    can do their own projects without being out of pocket for the
    materials, or for buying new toys--I mean tools--that they wouldn't
    otherwise be able to otherwise justify) if they place no value on
    their time... hence the word hobby I suppose. 

Kindest,
K. David Woolley
david.woolley AT unb.ca

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