How to price your handmade jewelry

It is a good way to selling your handmade jewelry to start your own business. Maybe it is not easy, but it is possible. Jewelry is always one of the most sought-after and prized luxuries available.
First, you need to price your jewelry well. The proper price is crucial to a successful selling instead of maintaining your products. There are many ways to price the beads, but after your work, you need to find out the best price for you to gain a profit.
You should remember that what you do is much more than making jewelry. In order to cover costs, it is essential to charge more than your hourly rate and material costs, or keep your hourly rate on the high side. But the base is that you can provide high quality handmade jewelry.
Or at first you can lower to a reasonable price to draw people. Meanwhile, the lower price can help you compete with other sellers.
As a jewelry designer, you need to consider two types of pricing: wholesale and retail. The wholesale jewelry price is usually the price that you can sell your jewelry but still a profit. It is often used when you sell your products to jewelry stores or big mark-ups. As for the retail price, you can determine it flexibly. If you can establish the prices well, both ways can make you succeed.
Pricing your work is probably one of the most difficult aspects of marketing. It is a fact that jewelry artists never agree on pricing handmade jewelry. The point is you can try to make reasonable prices for your hand made jewelry.