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Unhindered
05-02-2016, 12:18 PM
Could you tell me what you would charge for these items? I've been selling them and getting orders but I wanted opinions from people who actually are in the trade [emoji5] I want to work towards full self employment one day and need to know if I'm charging too much! http://uploads.tapatalk-cdn.com/20160205/72d07f87104ae932046e6db7439308e8.jpghttp://uploads.tapatalk-cdn.com/20160205/71374dff3b77bd716cafca2c2eba0664.jpghttp://uploads.tapatalk-cdn.com/20160205/51f7401cad491b5522fa182e2abc9f67.jpghttp://uploads.tapatalk-cdn.com/20160205/7d757130b38387d832ee58002cf5a63a.jpg


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ps_bond
05-02-2016, 12:36 PM
Might need a little more detail - what stones, metals (assuming silver?), are they hallmarked etc.

Unhindered
05-02-2016, 12:41 PM
Sorry yes they are silver, no hallmarks as all under weight. Bottom ring 4mm stones, peridot pink tourmaline & Aqua. Stacking ring turquoise, amethyst moonstone and a 1pt dia.


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pearlescence
05-02-2016, 01:03 PM
As a general rule, if they are selling they are not over priced but might be underpriced which is what most beginners do. Pricing and shipping are the twin nightmares of being in business

Unhindered
05-02-2016, 01:22 PM
Yes that is possible, I'm fine with shipping and am getting to grips with pricing more so over the last few years since business has picked up a lot! I just wanted to see what you guys think being in the industry, I won't be offended either way I just would like opinions to compare [emoji5] etsy is a minefield! Consequently I get almost no sales on there!


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Patstone
05-02-2016, 03:46 PM
I have no experience of etsy but looking at your rings, the one on the left that has several stones in doesn't correspond with the price. In the write-up you say it is 9ct good for 220? And the options for gold on the pulldown menu is 320? The 220 price is for sterling not gold.

Unhindered
05-02-2016, 05:50 PM
I definitely put the right prices for the right metals but I think etsy puts the cheapest option as the main one, the one pictured is 9ct but I have a silver option


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Unhindered
05-02-2016, 07:44 PM
I've changed the title now incase people get confused!


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Patstone
05-02-2016, 08:38 PM
I was thinking that people may expect you to drop the price as advertised so you would lose 100.

LydiaNiz
05-02-2016, 09:01 PM
If you search pricing formula on here, Peter's formula is the one I use (with the od tweak). Do you only hallmark heavy/silver gold? (Being nosy as my recent charges have seemed eye-waeringly high and considering only marking overweight/gold now. I registered as self-employed the day after my first sale - I thought you had to if you took income from it.

Unhindered
06-02-2016, 07:47 AM
Ok great thanks I will have a look at that, we were taught a formula at uni too but I can't remember it! I may have it in a notebook somewhere.

I mostly work in silver as that's what people tend to order from me, I'll only hallmark that if it's overweight, most of the gold items I make are overweight anyway but one thing I made recently was underweight, just. I have advertised it at a price to include hallmarking costs but I've had an order from it and he asked if the price could be reduced, so I gave him the option of not having the hallmark.

I registered as self employed 2 years ago when I started to get more orders than just from friends and family!


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ps_bond
06-02-2016, 08:52 AM
If you search pricing formula on here, Peter's formula is the one I use (with the od tweak).

Not mine, I just use it :) There are others, but consistency is important. When I burble about cost of sales (wholesale vs retail), it's important to recognise that time spent selling costs you - as an example, the other week I agreed to meet a customer at a specified time & place to deliver their commission. Waited around an hour, they didn't show and I needed to make other arrangements for delivery. That meant the cost of sales went well over what had been factored into the price and in effect it's being sold at a loss on the wholesale price. That is an exception, but it happens occasionally.

What's an od tweak? Anything like an Ood tweak?

As for hallmarking costs on silver - I'm budgeting about 6 per piece (incl. postage both ways, VAT et al) for small batches; consequently, for stock silver pieces under the weight I no longer bother.

LydiaNiz
07-02-2016, 06:24 PM
That formula, yes :-)
An od tweak is somewhere between Ood and odd, depending on sausageness of finger ;-)

sam.k
07-02-2016, 07:33 PM
Isn't an ood tweak when your tentacles twitch because your own has got tangled up?