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Consistent and Reasonable Pricing System
Article © MAIL User: the kid

This is my Chainmaille pricing system. It works for me and the customer has a better sense that you know what you are talking about when you give prices. (all prices are in U.S. dollars)

$1.50 per oz.

+ materials (round up to upper $5.00 (i.e. materials= $7.50. round to $10.00))

+ plus wages

+ any extra features

= total price (round to the nearest $5.00 unless total is less than one dollar over(i.e total= $92.30. round to $90.00))________________________________

wage chart:
________________________________

under 8oz. : $3.00 per hour

9 oz. - 16oz.(1lb.) : $2.50 per hour

17oz. - 24 oz.(1.5lbs) : $2.00 per hour

25 oz - 32 oz.(2lbs.) : $1.50 per hour

33oz. - 48oz.(3lbs.) : $1.25 per hour.

above - 49 oz. : $1.00 per hour
_________________________________

For example: I make a chain maille guitar strap for someone. It weighs 2 pounds and took 15 hours to make. At 2 pounds, I get $1.50 per hour. I also get $2.00 for every oz. There are materials costs too and extra features.

$1.50 X 15 - - - - - - - - - - - - - - - - - - - - - - - - - -$22.50
$1.50 X 32 - - - - - - - - - - - - - - - - - - - - - - - - - -$48.00
$9.76(wire) + $1.50(leather)
rounds to $10.00(wire) + $5.00(leather) - - - -+ $15.00
_______________________________________________________
total price - - - - - - - - - - - - - - - - - - - - - - - - - = $85.50

sale price - - - - - - - - - - - - - - - - - - - - - - - - - = $85.00
_______________________________________________________________
As with any sales, you may want to give discounts for multiple orders or repeat customers. Also, you may need to knock off a couple of dollars off the total price to please the buyer.

-kid
Original URL: http://www.mailleartisans.org/articles/articledisplay.php?key=202