How Do You Price A Handmade Quilt?
Handmade quilts make beautiful gifts, but for quilters, determining how much to charge is not always easy. While some professional quilters, especially those working on commissioned pieces, charge a flat price per square foot, this isn’t necessarily the best pricing scheme for home quilters. Adopt a business mindset Once you’ve made the decision to market and sell your quilts, you’ve essentially started a sales business. And like all sales businesses, in order to determine retail pricing, you need to factor in not only merchandise costs and desired profits, but also your customer base and competition. Calculate the cost of materials In order to profit from sales of your handmade quilts, you must set the sales price higher than the total cost of your materials. You’ll need to add up what you paid for all the consumables you used in making the quilt – fabric, thread, batting, pattern paper, etc. If you have the quilting and/or binding done by someone else, you’ll need to add those costs
