Thursday business tip how to price your products to make a profit

[@juliews105]

This is so great! I think people who have never “made” anything themselves cannot appreciate what goes in to the creative process. Your time is really priceless and your “intellectual property”. The time spent putting together colors, products, and designs. The wear and tear of your “tools of the trade”, etc. As far as shipping, I would add it in to the cost...I think some people are shocked and turned off by the prices of shipping in today’s world. I love your channel and think you are an amazing designer! I’m so happy I get to watch your videos. 😊

[@craftingwithhwm]

Oh Julie you are so kind and I’m so happy you enjoy my videos. You took the words right out of my mouth when it comes to hand made items and there is a lot of cost associated with it. It’s very unfortunate with everything going on and I really hope it gets better. Thank you so much for watching, Lori.

[@kerryslady]

Lori, I just wanted to say how much I value you, I honestly think it is wonderful that you show people how to make wreaths and more give out free advice on business tips. I thoroughly enjoy watching your videos, you're so easy to understand and to follow always keep my attention. Showing me how to make a bow by hand wow that was always a challenge for me but thanks to you I finally got it. You are the best. I have learned a lot from you and still learning with every video I watch of yours. Again THANK YOU for all the information you have given me and the rest of your new clients your wreaths are amazing and so worth every penny that is where I want to be, again THANK YOU I can't say it enough. A Loyal Client Melisa

[@craftingwithhwm]

Hello Melisa! This is the sweetest comment ever and you are so welcome. You don’t know how happy it makes me to know that my videos help you so much and that’s awesome that you can make bows by hand now. I’m always here to help if you need anything and thank you so much for your kind words. Lori

[@peggyyaun3254]

Mrs. Lori I am just beginning making wreaths and I love to watch you on You Tube. You are so helpful and easy to follow. Thanks for your help I really learn a lot.

[@craftingwithhwm]

Oh that is so kind and means so much to me. I’m so happy that my videos are helping you and you are so welcome. Thank you for watching and please remember sharing is caring and to subscribe. Thank you, Lori.

[@nancylopez3251]

Thank you so much for this info, Ms Lori...... I really enjoyed it and learned a lot !!!

[@justinedavis7918]

Hi Lori...i have watched many of your video’s and just made a wreath for a friend and the wreaths that i created before were not a nice as this one and didn’t know how much to charge. She suggested $80.00 which i thought was a good price and then later she told me what you just said in this video which is hard for me because she is a friend and i didn’t want to charge her too much but you are right. Don’t take what you did for granted. You did this wreath and your time and money and you deserve to get money back from the product. Thank you for teaching me how to do an amazing wreath that she is in love with.

[@craftingwithhwm]

Hello Justine! You are very welcome and I’m happy the video was helpful. It’s very important to get paid for your time and money you put into the wreath even if it’s a friend. I usually charge $85 for my wreaths. The important thing is that she loved it and I’m sure it was beautiful. Thank you for watching, Lori.

[@tamalamciver6025]

OMG Lori. I really needed to hear this. I always feel the guilt of charging my customers too much when I double my costs. I have to get out of that mind set. I will figure my prices at a 50%, 75% and 100% and decide what I want to sell it for knowing 50 and 75 are not enough. Thank you so much for this advice, its greatly appreciated.❤

[@craftingwithhwm]

You are welcome, Tamala. Always, due all your homework and always do add everything you have bought, save your receipts, use the calculator that I have post. You could always make a spreadsheet to keep up with all your supplies when you buy weekly, daily or monthly. However you would like to keep in track of all your spendings. Never, hesitate to ask. Don't forget to like and share. Thank you, Lori.

[@marshaforsberg6889]

Thank you very much for all the info! I’ve learned so much! I’m very grateful!👏🏼💕🌹

[@craftingwithhwm]

Hello Marsha and you are so welcome. I’m so happy that my videos have helped you and thank you for watching, Lori.

[@spiritfire1978]

Thank you so much for this video! It is so helpful. I've learned so much from you over the last year or so.

[@craftingwithhwm]

You are so welcome and having you say that means so much to me. I love teaching and I want each and everyone of you to be successful. Thank you so much, Lori.

[@tonic1916]

I needed to hear this advice again. Thanks so much for all your tips amd encouragement

[@craftingwithhwm]

Hello Toni and you are very welcome. I’m glad that my videos have helped you and I’m here if you ever have any questions. Thank you, Lori.

[@cathygreaves1586]

Thank you so much for the information! I have only been making wreath & things for a hobby & have been giving them away for a few years now. I can't afford to keep doing this! My husband will say things like, "sell it for this much or sell it for that much." I needed to know how to go about setting prices & setting them fairly but not cheaply. I signed up for your price calculator. I will be doing a lot of "homework" & looking at what is out there & for how much. I watch your video's & have learned a lot. Thank you again.

[@craftingwithhwm]

Thank you, Cathy. I will have some more next, week. Yes, sell and sell as much as you can. Try to get your self an Etsy store and take it from there see, where it takes you and yes, always do your homework. Well, thank you and I hope it helps. Don't forget to like and share. Thank you, Lori.

[@maryjoberger7427]

Thanks Lori, I really needed to hear that! I AM worth it and so is my hard work. It definitely comes from the heart. :)

[@craftingwithhwm]

Thank you, Mary Jo. Yes, you are and always do your homework. If you need, any more help feel free to contact me. You are more than welcome. Thank you, Lori.

[@kathleendowling1698]

What Great Advise!! thank you so much for all the explanations, they are very helpful.

[@craftingwithhwm]

Hello Kathleen! You are very welcome and I’m so glad the video was helpful. Thank you for watching, Lori.

[@karenoakland3287]

Good advice..I'm glad I've bee pricing on the right track! Thank you. 😉

[@craftingwithhwm]

Thank you, Lori

[@MyDebik]

Lori, I am so thankful for this new Thursday series and service you are offering.. as a newbie I am gaining so much from you that I never would have even thought of... This vide is already a favorite of mine, because I am one of those that would go.. ohhh maybe that’s way to much??.... I am so glad to have you as a coach!! Till next time... Hugs

[@craftingwithhwm]

Aww!! Thank you, Debi and you are welcome. I will have one every Thursday. Till, next time and many hugs to you too. Thank you, Lori.

[@katherinegray9876]

Thank You Lori! The thought of starting a business is scary and you've given some good advise and tips that makes it less frightening. I am at the end of my working career (health issues) but I would like to bring in some income and I love being creative and making things, So you have been a big inspiration for me :-)

[@craftingwithhwm]

Katherine, thank you. So sorry for your health problems. I do hope you get better. I also, hope that the tips are able to help you and others as well. If you need more help or anything don’t be afraid to asked. Thank you, Lori.

[@juliathompson1712]

It is so helpful to have this information!

[@craftingwithhwm]

Hello Julia! I’m so happy the video was helpful for you and appreciate you watching, Lori.

[@vonidittig8900]

Great advice Lori!! I started out making wreaths for fun. Then would make a couple for friend's birthdays. I made a Patriotic wreath for my M.I.L. for Mother's Day and several people have asked her where she got it. Posted some pics on a social platform and people asked if they can purchase them. I have really been charging WAY less than I should. I practically charge a few dollars over my cost because I was just doing it for fun and more so for practice because I was a beginner. Not enough confidence. Now I am inundated with requests from friends of friends so I am really going to have to keep close track of ALL my costs and start charging way more money. Thanks for much for the tips it is what I needed to hear and already knew. I watch your videos all the time and have learned a great deal from you.

[@craftingwithhwm]

Hello and welcome, Voni. Thank you, make sure you have downloaded the calculator and thank you, always do your homework, first. Lori

[@cherylealton7509]

Lori, Thank you for sharing. You are amazing to share with us all I just want you to know we are listening and appreciate you

[@craftingwithhwm]

You are more than welcome, Cheryle. If you need any help, feel free to contact me. Thank you, Lori.

[@claratarver3138]

Thanks Lori. For such great information. I have been watching all of your videos as long as I remember and you are such a wonderful teacher as well as a very talented person.

[@craftingwithhwm]

Thank you, Clara. Aww, well thank you. Keep, always watching cause I do have more on the way. Don’t forget to like and share. Thank you 😊 Lori.

[@donnasmalley8907]

Lori i just love u girl u keep on teaching and teaching love it gonna get my calculator from u now Tyvm

[@craftingwithhwm]

Thank you, Donna. I hope, it helps everyone and yourself as well. You are welcome, let me know what you think? Don't forget to like and share. Thank you, Lori.

[@cherbearspage5094]

Thank you Lori I have actually been doing this and your right. I have priced my wreaths just like this good to know I'm doing it right ☺

[@craftingwithhwm]

You’re welcome anytime, Cherie. Well that is great see now you know your sound great and you don’t feel bad about I’m I doing it to much or to little. Don’t forget to like and share. Thank you, Lori.

[@maryjoberger7961]

As always, your advice is great tools for all of us.

[@craftingwithhwm]

Thank you, Mary Jo. You are welcome, hope it helps. Thank you, Lori.

[@sandravokes7330]

Thank you so much Lori, this was a great and helpful video!

[@craftingwithhwm]

You are very, welcome. Like and share. Thank you, Lori.

[@deborahdavis4594]

Thank you for your help

[@craftingwithhwm]

Hello Deborah! You are very welcome and I appreciate you watching, Lori.

[@Angela152half]

Thank you so much for the wonderful information.

[@craftingwithhwm]

You are more than welcome. Thank you and stay tuned for next week. Thank you, like and share. Lori

[@sleuthenroute1]

Thank you for the great information! Not being apologetic...that was today's challenge when an aquaintance asked me to make a wreath. I thought $60. was a "deal" for the time and adornments...I held firm and know the wreath could sell for much more on a site. I advised them to look at wreaths on Etsy for going prices too. : )

[@craftingwithhwm]

Marcia, you could use the calculator and it would keep track of your supplies and sells, I will have more tips coming up, soon. Yes, the more you add the more you could also ask, also remember your not even passing your sales tax to the customer, so try to divide everything into the calculator of all your spendings. Thank you, Lori.

[@michelel.bohannon4962]

Thank you!!!! Great advice!!

[@craftingwithhwm]

You are welcome, Michele. Don't forget to sign, up. Like and share. Thank you, Lori.

[@debbiemotley5384]

Thanks a lot Lori, good advice.

[@craftingwithhwm]

Debbie, you are welcome. Thank you, Lori.

[@vivianjuarez8385]

Thank you Lori enjoy your vacation

[@craftingwithhwm]

Thank you, so much Vivian. I appreciated a lot. Thank you, Lori.

[@lmorgan1028]

Thank you!

[@craftingwithhwm]

Hello Lisa! You’re very welcome and thank you for watching, Lori.

[@memelak]

Very Good advice For Every Body Lori, Ty :)

[@craftingwithhwm]

You are welcome. Marialena. Make sure to watch today's tutorial. Take care and God, bless. Thank you, Lori.

[@helengallegos6538]

Thanks for sharing.

[@craftingwithhwm]

Hello, Helen. You are welcome and thank you, Lori.

[@SonyasCraftStudio]

Amazing video!!!❤❤❤

[@craftingwithhwm]

Hi, there Sonya and welcome back. Thank you, I hope it helps you and everyone, as well. Thank you, Lori.

[@marshaforsberg6889]

Thank you again! I’m working on EVERYTHING you said we need to do. My big question is, I haven’t sold ANYTHING, I’m not ready or confident. To do anything, I need to buy sooo many things, I’m wondering if I need to get a wholesaler BEFORE selling $600; just to afford what I’d like to get instead of what would “”get me by” affordably. What should I do?

[@craftingwithhwm]

Hello Marsha! Those are great questions. The most important thing I tell my followers is to not get discouraged. Right now is a slow time for a lot of crafters but it should pick up when we get closer to the holidays. I honestly purchase a lot of my supplies online from Craft Outlet and Trendy Tree and would probably say to wait. You can also try going to a craft fair to sell as well. Just don’t give up and join my free group on Facebook called “Everyday Craft Dreamers” cause you will have lots of support. I’m here if you ever have any questions. Thank you, Lori.

[@adenariley-jordan2832]

Thank you so much

[@craftingwithhwm]

Hello, there Adena and welcome. Thank you, so much. Let me know what you think. Thank you, Lori.

[@janehaynes6470]

Aloha Lori, thank you so much for all your teaching. I have actually been watching you for four years now. I did make wreaths and have sold a bunch. However, I did not have all this good information. I started this wreath business because I was care giving my parents and needed to make income. But since then I was not able to do this full time because of other unexpected things that hopped on to my ban wagon. I also wanted to join your small group but really couldn’t do it at the time. I was wondering how much is the price calculator.?

[@craftingwithhwm]

Aloha Jane! You’re so welcome and you don’t know how much I appreciate your kind words. I’m happy that this video was helpful for you. Your parents are lucky to have you care for them and I offer the Price Calculator free of charge. Here is the link to request one. mailchi.mp/682ca314afc0/pricecalculator. Thank you, Lori.

[@HazelGM-gs5vw]

Thank you so much... I try to price accordingly but people think is too expensive... so I lowered the price a little 😔

[@craftingwithhwm]

You are welcome, Ana. Thank you and don't ever underestimate yourself. Thank you, Lori.

[@suemerrick7305]

Thank you Lori, I really needed to hear this. I will download your worksheet and start to use them. Thank you for being tough in not making excuses. Any suggestions on how to say to a good friend you charged at cost and now increasing your prices? They were extremely happy with the wreaths they already received and are repeat customers. Thx. Sue

[@craftingwithhwm]

Hello, there Miss Sue. Well I glad that I am able to help you. If you have any questions feel free to contact me. I am very happy, for you. Go ahead and follow the link and I hope it’ll help you. You know if you need help, you know where to find me. Thank you and enjoy. Take care and God bless you, Lori.

[@debbiesherrill2613]

thank you so much.

[@craftingwithhwm]

Thank you, Debbie. Like and share, Lori.

[@jasmineweeks1785]

Thankyou for this video!!!! I love all of your videos!!! I have a question tho, how do you keep your deco mesh from fraying???

[@craftingwithhwm]

Hello Jasmine! You are so welcome and I’m happy you enjoy my videos. The most important thing about fraying is where you get your mesh from. Hobby Lobby mesh frays as well as Dollar Tree mesh. I buy mine from online websites like Trendy Tree, Craft Outlet, and The Wreath Shop. You will have a lot less fraying if you use good mesh. Mesh naturally frays so the best thing is to handle it as little as possible and trim the frays at the end. A lot of people use wood burners too which seals the edges of the mesh to reduce fraying. You can get one from Walmart or Amazon. I hope that helps. Thank you, Lori.

[@pamelasteffey7211]

☺️ thank you.

[@craftingwithhwm]

Pamela, thank you so much. Lori

[@jamingammy6817]

Oh my you know me so well! I’m sorry 😐 I’ll try to do better!

[@melanie1050]

Thank you Sweetie

[@craftingwithhwm]

You are welcome, anytime. Thank you, Lori.

[@dianajennings4570]

I once charged 150 for a wreath/swag and i just chocked out the price and she didn't flinch. I still feel guilty but shes still a regular customer

[@craftingwithhwm]

Hello, there IHEARA. You shouldn't feel bad at all, I mean they do get costly and by the time you continue to add more and more it keeps going higher, so be proud of yourself. I have seen, many for more and so little of the supplies. Now, you could sign up and enjoy, and welcome. Like and share. Thank you, Lori.

[@GabbyGirl73]

Thanks so much for this video Lori that I so needed! I've rented wall space in a local antique/flea mall to try selling my wreaths and they are really priced so much cheaper than most sell them for, but I don't sell many because people think they are priced too high. I've even had the store call me with requests from customers asking me to lower the price $10.00 on a particular wreath and they will buy it, which I refuse to do. After listening to this video, I think my wreaths are in the wrong place to sell and I need to rethink where I need to sell them at an appropriate price. I've received many compliments on my talents for wreath making from customers when I'm in the store, but they don't buy them, so I think they might need a new home!

[@craftingwithhwm]

Hello, there and welcome Gaby. Thank you, very much. I am glad this is an opportunity to help you find a better way to sell. I want to tell you and I stated on Etsy I wasn’t doing well at all, back then after a while I said something it’s not right. So, I went and made my own ebook own my self it has been very successful in selling and the most important out of all how it has helped many people with their sales and also beginners to sell on Etsy. On that ebook it shows set up and much more. Maybe, you do need a better place for your items to sell. Remember when selling in any local market they always want you to lower the price. So, in the featured look at it like this. If, I take away from the asking price let’s just said that 10.00. Well you’ll look at like this that is almost 2-3 rolls of mesh of better yet that is almost what I paid for the base itself or also look at this was minus ten that’s is on roll of ribbon I’m giving away. So, I hope this makes you understand what the examples I’m trying to open your eyes. I will send you my Etsy store. It’s a little empty as for now but when I get back it’ll be restocked again. Thank you don’t forget to like and share. Lori. www.etsy.com/shop/DesignedbyHWM

[@jacquibishop4189]

May I have ur mailing list address I wanna get the price calculator, I’ve just started making wreaths & 1 candy cane they turned out sooo pretty & I also made the glitter lollipops 🙌🏽😂 , i want to price them right! Thankyou you’re very inspirational 🙌🏽

[@craftingwithhwm]

Hello Jacqui! Here is the link to request my price calculator. mailchi.mp/682ca314afc0/pricecalculator. I’m so happy my videos inspire you and it’s great that you decided to start creating. I’m sure everything you make is beautiful and the price calculator will really help you. Thank you for watching, Lori.

[@rebeccamassey9697]

Hi Lori, I tried to download your calculator but it won't open. What am I missing?

[@craftingwithhwm]

Rebecca Massey it’s an excel file. If you do not have excel you can download open office for free and it will open the file

[@terryobermark9354]

Lori enjoyed the video. Did I miss the video for Time to Grow wreath? Thought it was June 13th?

[@craftingwithhwm]

Hi, Terri. No, you didn't my apologies, my travel plans had changed and I wasn't able to do the live tutorial due to the traveling time and I need it to drive 3 hours away to get to the airport. But, we will be doing it as soon as, I get back. Don't worry, as soon as I get back, from the Wreath Makers Live. I will let everyone, know and send out a post. My apologies, for the delay and the change. Thank you, Lori.

[@deborahdavis4594]

I'm having difficulty on what exactly to put on my invoice. I've searched everywhere looking for an example. I'm very visual. One I see an example, I can figure it out. Do you know where online that I can find something like that?

[@craftingwithhwm]

Hello Deborah! Excel and Word have free templates for an Invoice. Thank you, Lori.

[@ayannaparx3632]

Thank you!

[@craftingwithhwm]

Welcome, Ayanna. Like and share. Thank you, Lori.