My Crochet Pricing Strategy: Transparency
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wondering how I come up with prices for my crochet items?
me too ๐คฃ
so I just sat down to figure it out.
this is my business. I spend all day attending to Poshmark and crocheting.
spending 6hrs/day crocheting is a conservative estimate.
$1500 is the bare minimum I need to pay bills and eat.
I'm always underestimating how long it takes me to complete a project.
I'm also a bit of an anal perfectionist, and do not want to charge people for the extra time it takes me to get something JUST RIGHT... I will start adding my estimated time in the listing as well. but I think $8 - $10 per hour is a reasonable rate.
if you've noticed the Original Price on my crochet listings, that is based on how much I should charge at $15/hr plus cost of materials. I think it's a bit ridiculous to expect anyone to pay that much tho!
This is my pricing strategy for Poshmark. I will not be sending offers or reducing my crochet items nearly as much as I am willing to reduce my closet or other Boutique items.
Also, PM shipping is a FANTASTIC deal, & it is cheaper for you to pay than me to raise the price to cover.
most items will be cross listed on Etsy, if you want to compare prices ๐
thanks for understanding! and THANK YOU for reading all of this!!
and more importantly, THANK YOU SO MUCH for supporting your local artists, instead of the fast fashion industry & exploitation of poverty ๐
see my About page web link (Linktree) to find me all over the web
HAPPY POSHING ๐ฅ๐น
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lorib310
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22 others
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25 Comments

funkjunkies
Well said
Apr 22Reply

poshhooking
@funkjunkies thank you :)
Apr 22Reply

poshhooking
@onceuponakind ๐๐ฅ๐น
May 07Reply

cuddleupcrochet
Thanks for valuing your work and the work of others like you...like me...I live on a small disability check and I crochet to cover my daily living and medical expenses...I personally know all too well the time it takes to make things with my two hands, some yarn and a crochet hook!๐โบ๏ธ๐
Jun 09Reply

poshhooking
@cuddleupcrochet ๐๐๐ ๐ฏ it is easy to devalue your own work, especially when it's all done ... but yes! trying to remember that this is a skill/trade worth just as much as any other! and your blankets are DEFINITELY worth the money for as much yarn and time and GORGEOUSNESS they embody ๐ if anyone needs a blanket made up, I'm sending them your way ๐ฅ๐น
Jun 09Reply

cuddleupcrochet
@thorkk oh you are so sweet...and so smart...you are right it is a skill...I taught myself to crochet when I was ten years old...over fifty years ago and I'm still learning โบ๏ธโบ๏ธโบ๏ธ
Jun 09Reply

poshhooking
@cuddleupcrochet learning new stitches is the best! ๐ฏ
Jun 09Reply

dsgreely
Excellent cool unique closet great items and pictures best of luck to you!!
Jul 30Reply

poshhooking
@dsgreely thank you! and the same to you ๐ฅ๐น
Jul 30Reply

kjohnson250_
@thorkk This is a smart post!! I was actually asked how I figure mine and couldnโt answer but that I always give my best price and assure buyer itโs no where near what I should be chargingโฆ the time the effort the designs most appreciate and understandโฆ can I use some of this in my listings??
Sep 02Reply

poshhooking
@kjohnson250_ ๐๐ค hi Miss Kim! thank you!! thanks for asking, I'm flattered! ๐ฅฐ I think this is pretty personal stuff, but if you want to paraphrase what I've said and make it personal to you, that's perfectly fine with me!! if you quote me or screenshot anything please tag me, to properly attribute the source ๐๐๐ฅ๐น
Sep 02Reply

poshhooking
@kjohnson250_ it is totally worth it to figure out how to price your work!! it really should be worth your time and cover cost of materials ๐
Sep 02Reply

kjohnson250_
@thorkk Absolutely agree!! Think Iโll add in each handmade listing a background of my time my cost and why to buy from an artistโฆ. Keep it simple, what do you think? ๐ค
Sep 02Reply

poshhooking
@kjohnson250_ ๐ KISS! indeed, people are more likely to see it in the individual listing I think
Sep 02Reply

alanis779
@poshhooking Hey there!! You changed your tag name! ๐
Sep 20Reply

poshhooking
@alanis779 ๐๐ค yessir! more On Brand, eh? ๐๐ป
Sep 20Reply

alanis779
@poshhooking I was like, did she forget about me?? ๐คฃ Just kidding. I was searching for your closet to share your stuff and I noticed the new tag name. Pretty cool!!
Sep 20Reply

sharekindness
Thatโs a nice explanation, good job.
Nov 26Reply

poshhooking
@sharekindness thank you! ๐น
Nov 26Reply

prettypuddles
@poshhooking You make such beautiful things ๐
Dec 25Reply

poshhooking
@prettypuddles ๐ฅฐ aw, THANK YOU ๐ฅ๐น Happy Holidays! ๐โ๐ฆ
Dec 25Reply

prettypuddles
@poshhooking you're welcome ๐ค that's why I usually just share them ๐ just beautiful and you see your โค in every piece ๐ฅฐ thank you for sharing ๐ค you are appreciated ๐ฅฐ I apologize if I share too much sometimes I loose track ๐
you share what you can ๐ keep up the good work ๐ ๐ฅณ happy holidays to you and your family ๐ hugs ๐ฅฐ๐ค๐ฅฐ๐ค๐ฅฐ๐ค๐
Dec 25Reply

poshhooking
@prettypuddles lol I understand! had to limit my sharing to once or twice a day, it's very time consuming! but I appreciate all the shares, and you, and your appreciation ๐๐ค ยกMuchas Gracias! ๐ฅ
๐น๐น๐น๐น๐น๐น๐น๐น๐น๐น๐น๐น๐น
Dec 25Reply

prettypuddles
@poshhooking de nada ๐ฅฐ๐ค๐ ๐ ๐โค๐น๐งก๐น๐๐น๐๐น๐๐น๐๐น๐๐
Dec 27Reply

poshhooking
@vallebarry ๐๐ฅฐ๐๐
Jan 19Reply
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