Okay I’ve figured my time and materials and have listed my mermaid bracelet in my Etsy store, I’ve listed her for a price of $60.00. She is all clay, no other materials were used. I don’t have a metal base on the bracelet like I do on most of my other ones.
However, there is much more clay used. The clay itself wouldn’t amount to very much money, maybe $4.00 or so, but the time that has been spent on the canes amounts to about 4 hours total. Plus the baking cost and spending time on the photos. Yes, I have some canes left over, but the point is, without spending that time in the first place, I wouldn’t have the canes to make my mermaid, so I’m generous in figuring the time spent.
Then I add the time spent on the mermaid bracelet, about 2 hours and I come up with about 6 hours to get this bracelet to my Etsy shop.
So, at the price of $60.00 minus $4.00 for the clay and $4.00 for the oven, that leaves me $52.00 for labor. Divide $52.oo by 6 hours and I will make 8.66 per hour. Hmmm. Oh I forgot, I still have to list it for $.20, then I have to package the bracelet nicely to send to my customer if it sells and drive to the post office. Then I have to pay a commission to Etsy, and one to PayPal.
Plus I have to spend time on my blog, Twitter, and Facebook to make sure everyone knows I’ve posted a new item. But I still don’t have the “right ” customers linking to my blog, Twitter and Facebook.
By that I mean, unfortunately, other polymerclay artists aren’t really interested in buying my polymer clay creations, they have their own.
If the item doesn’t sell right away on Etsy, people suggest that you re-list your items over and over. Just figure out the right time to re-list when the most people are on the front page of Etsy and there you go. What??? I know it probably works, but I’d rather spend time making something.
But I do like Etsy, I’ve had a few good sales and I’m happy. But I want to branch out further and continue to find galleries and shops to take my work.
Back to the money…..So now that $8.66 per hour isn’t looking very fat. (Not that it was a ton of money anyway) But that’s okay. I enjoy making my items and I really like it when other people buy them and I know they are enjoying them too.
If I sell it wholesale, because I could by the way I priced it, I would divide the 8.66 in half. Leaving me with $4.33 per hour. Not even minimum wage. But I don’t have to do anything but get it to my retailer. With my items I can send them by mail and send several at a time.
I’ve made the seconded mermaid bracelet, using the same canes. this bracelet took less time because I already had the canes, increasing my profit somewhat. Providing they both sell. I’m going to send this one to a gallery and see which one sells first. I’ll let you know.
Part 1 Selling Your Polymer Clay Artwork
Part 2 Pricing Polymer Clay Artwork to Sell Wholesale
Part 3 Mermaid Bracelet Listed on Etsy
Part 4 Inventory Lists for Your Polymer Clay
Part 5 Display Cards for Polymer Clay Pins and Necklaces
Part 6 Creating Tags for Your Polymer Clay Creations
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