Finding the value of your project is an important step if you plan to move your crafting hobby toward operating as a business. One of the hardest parts of putting a price on a crafty item is valuing your time. It is pretty easy to see how much your raw materials cost, but time is negotiable. It is also surprising to most people what they should be charging for their work. There are ways to streamline these costs. You can get better prices on your materials and you can also get proficient in your process thereby cutting down on the time it takes to complete projects. In order to work toward these goals, you have to have a place to start. We have created a spreadsheet that may just help you out. We call it the Project Markup Worksheet. It is free to download and use. When you open the sheet, go to the second tab to see an example as well as instructions. It will tell you how to fill it out and give some special hints on items you may forget. At any rate, it is what we like to call a quick and dirty way to see if you are charging enough for your items and if you can move toward sourcing the labor to free up your creative time. Like we said, it is free to download, use and pass on. If you like it, we'd love to hear how it helped you.
I hope you have enjoyed this post, share what you have learned and are generous with what you make. Someone will appreciate your hard work!
I hope you have enjoyed this post, share what you have learned and are generous with what you make. Someone will appreciate your hard work!
| project_markup_sheet.xlsx |
