Pricing your beaded jewelry

I am often asked about how to price ones beaded jewelry.

The best thing to do is to compare your jewelry with what else is available and price yours accordingly. You can start with this type of a strategy and then add up your material costs plus labor and see what type of a mark up you are getting. If you are not getting at least a three time mark-up over your cost of materials and labor, then you might consider changing something.

The other way to figure out what price to charge is to start with your cost of materials and labor and then marking that up X number of times. This is a common way to figure price, but I believe that it is flawed because it does not take into consideration the uniqueness of the design or the market value of the piece.

You can find more articles about making money with beads at http://www.pizazzworks.com.