This article, written by the Arkansas Small Business Development Center, discusses several formulas that crafters user to calculate price. It includes a list of costs that should be considered before pricing any of your items. This site also offers many other articles on starting and running your own small business with a section on homebased businesses that includes this and several other crafts-related articles.
Crafty Tips:
Before deciding to move from hobbiest for professional crafter, there are two important questions to ask yourself before deciding to enter the marketplace:
-Is my work good enough in design and quality to compete in the crafts marketplace?
-Can I produce efficiently in sufficient quantity to make a decent profit?