How to price notepads, stationery, & art products 🎨 for beginners!
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- Опубликовано: 1 авг 2024
- If you're starting a handmade stationery or art/paper goods business, this video is for you! And also relevant for pretty much any type of product-based business, too. I'm putting on my Professor Rebecca hat and I'm here to teach you all about pricing strategies including materials, fixed and variable labour costs, and more! Doesn't that sound fun? 😍
I know this can be a bit of a dry subject, so I tried to distill it down to the really important stuff and use lots of examples. So grab your notebook and pen and let's get ready to make our businesses profitable for both retail and wholesale!
If you've watched my "diy notepad" video, you'll find that one of the notepads I created using that method is my example product. So you can see a detailed breakdown of the costs that go into making one!
🌸Key moments:🌸
0:00 Introduction
1:31 Importance of pricing strategies
2:10 Price-Plus Pricing (Cost Pricing)
3:53 Why we love profit (for small biz)
5:16 Must-dos for profitability
6:54 Calculating material costs
12:32 Calculating labour costs
17:34 Total base costs calculations
18:57 Wholesale and retail costs
24:06 Other pricing models
🌸🌸🌸
Hi, I'm Rebecca and I run Lucky Sprout Studio! I am an artist and graphic designer and love making cute artwork and fun stationery products. On my channel you can find art/product tutorials, business advice, and studio vlogs! I hope you'll join me~~
Also find me here:
🌸 social media: / luckysprout.studio
🌸 my art studio shop: luckysproutstudio.com
🌸 learn more with me on Skillshare: www.skillshare.com/en/r/profi... (that’s my referral link - get 1 month free & try my classes!)
please subscribe if you love being a cute artist and doing cute artist things w me~ 
Хобби
Super helpful! Thanks
Super helpful to break down your costs as an example. Thank you for being transparent and thorough!
I'm so glad you found it helpful! 🥰 Thanks for watching!
This is such a helpful video! The simple realization that not everything is worth selling wholesale was life changing for me!! Thank you soooo very much!!!!!!!!!!!! Love how helpful you are.
It has really helped me a lot. Although I couldn't turn on the Spanish subtitles, I think I could understand everything. Very didactic. Thank you for sharing your learning.
Hi, great video. Question's, Can you do a video about getting started, say doing craft shows. Do you need a gst. number? How you set up for customers to pay? Must appreciated. Tfs. Sherry from Ontario Canada 🇨🇦.
Thank you thank you thank you great video you've got a new subscriber
Thanks so much! Glad it was helpful! :)
learned a lot . Ive been struggling with pricing so this really helps a lot! thank you!
It's a real tough thing to figure out so you're not alone!! But so glad you found this helpful 😊✨
I've bookmarked your Skillshare page. Just starting out there is so much on my To Do List!!
such a useful video, so very helpful, thank you for sharing ❤❤❤
Thank you!! I really tried my best with this video so I appreciate the nice feedback 🥰
Amazingly helpful video, just what I needed! I was trying to figure out how to sell certain products wholesale knowing that the profit margin was very low. Now I realise that some products just can’t be sold wholesale… and that’s okay. Thank you! 🙂
Definitely not boring. Helpful as.
I am so glad i found this! I am just starting out and not sure of a lot of things, pricing especially. You gave clear instructions on what I need to consider when doing my crafts. Thank you so much for taking the time and doing this.
So glad I could be of help! Thanks a lot for watching, and good luck with your business ☺️
So helpful!! Thank you!!!
Fantastic! Thank you
Tq
Super amazing info! Thank you!
Wanna have my small Business seems difficult, but i am gaining every kind of inf to have a good start
Good luck with your small business! It can be difficult, but doing lots of research ahead of time is a great plan 💪
Thanks for the video!
Was very helpful
😊
Amazing content!!! Do more videos ❤
Hi I am from INDIA i am also making notepads from home this video really helped me a lot ❤
Thank you for sharing your experience with us
Thank you very much for watching! I am glad I could help ☺️
Rebecca, Thank you so much for your video, I've just started selling Journals and notebooks, but now I'm very interested in Notepads, your channel is very helpful...my question is what about the shipping cost. Please make a video about it, what are the best options. PLEASE. Thanks
Thank so much for watching! I don't really have any good tips for shipping since it's extortionate no matter what... I just use Canada Post lettermail for everything, since all my products are flat!
I sat down and looked at this for example did a 5.5 by 8.5 tear off notpad of 30 pages and I came up with $27 to price my item and I am at a loss as that seems way out there for a tennessan so any advice or suggestions would be amazing (I usually do 1-2 hours just design in begining as I am new to creating them, and min wage is 7.25 but i upped to $8 since I been drawing since birth and all my designs will be drawn)... my materials is $6.02 roughly due to me using epson inkjet just for start until I can get better it does 312 pages per refil.
It came out to like $27 with following the steps... But I have no idea where a comprable item would be? Send help! lol - Kimi
Thank you for such an informative video! Worth the wait! ^_^
I'm so glad you found it helpful! Thank you for watching as always 💕
Hi, your video are informative, actually for your note pad u use clear plastic cover were can we find that or you do it yourself ?
Thanks for watching! Do you mean the plastic sleeve it goes in? I get those off Amazon in bulk, but otherwise I don't put a cover on my notepads! 🌸
what gms paper u use?
Its 28lb which I believe is 105 gsm!
@@luckysprout thank you!
how is it that cheap omg i followed your example and with the cheapest materials i can find in my country production cost brings me to 5$ US. And I LIVE IN A 3RD WORLD COUNTRY! Which is already expensive for a retail price for my country. And that's just the material cost .... imma go cry now
I think the cost is lower by using my ink-efficient printer, and by purchasing large quantities of paper to reduce the overall costs... but I definitely feel you, the cost of materials is no joke!!! Making stationery by hand is rarely cost-efficient 🥲
@@luckysprout yea i have an inkjet and it consumes a lot like i checked and outsourcing would be better than this and here outsourcing costs a lot🤣🤣🤣 cuz they ask for a high quantities per design
You left out the cost of sales. You likely spend money on booth space and you spend your time sitting in your booth selling products.
This is so helpful!!! T^T I'm new to making notepads, and last week I got an influx of orders because they are very cheap, around 0.37cad to 1.22cad (price depends on the quality and quantity of the paper.) My dumb*ss didn't factor in the labor. 🥲 I found out that mistake the hardway when I have to fulfill the orders I received(60+ notepads). I'm also cutting them manually sheet by sheet. 🫠I'm working for almost 15 hours a day just to finish them. my hand hurts, my back hurts, and eventually got sick on the 4th day. 😭 My effort was so high yet I got paid way too low. 🥹
I am still thankful for the orders. They serve a very valuable lesson.
I will now reprice my products accordingly.
Thank you so much for this video. ❤️
Ah I'm so sorry you ended up having to do that!! I totally empathize! I think it happens to a lot of us especially during the figuring-it-out stage... good on you for finishing the order anyway, and now you'll have a good story to tell other makers too! Really glad I could help figure things out with you 🥰