How To Price Your Products: DIY PARTY DECOR BUSINESS 

You're so welcome!

You're welcome 😊

Happy to be of help ☺

So happy to help!

Oh my gosh 🤗🤗🤗 thank you so much for the kind words!

🙏 rha k you so much 🤗

Glad I could be of help!

Happy to help!

Thanks!

Aawww thank you 😊

Hey hun, you can order items on my website 😁 www.adrianaspapercrafts.com

I do have one on taxes, yes.

Thank you so much for sharing.

Thanks hun!

You can if you'd like. People sometimes breakdown the cost of their electricity as well and add that to their total.

For that, I would add together the price of the box, plus the price of supplies I would use on that box. So for example, let's say the box includes 50 bags of chips for $22. I would then calculate the cost of supplies I would end up using to make the 50 chip bag wrappers. So, let's say that comes out to $20. I would add those 2 numbers together (which makes $42). I would then divide that by the 50 bags, because I want to know how much I am spending per bag. That comes out to .84 cents per bag. From there, I will times that by 2.5, which comes out to $2.10 cents. That means that the minimum you should charge per filled bag should be $2.10 to make a profit. However, as I'm sure you've seen, people with lots of experience and good designs charge up to $4 per filled bag. That is completely up to you. Just remember that to make a profit, you would have to charge a minimum of $2.10 per filled chip bag.

Omg your awesome thank you so I calculated a pack of 45 water bottles to make personalized labels and I would charge 24.30$ does this make sense I feel like the profit wouldn’t be to good cause the water bottles would be 3.64$ and the paper is 14.04$ I did take into consideration all the ink the number of pages I’d be using and my profit comes out to 1$ lol

Hi hun, you can download the rillo wrapper templates I offer on my website here: adrianaspapercrafts.com/pages/design-innovator

I think a good average rate is $12-$15 an hour, personally.

So I do things differently from others. Most people do include their design fee per dozen. My entire business is predicated on having it be affordable to the average parent. So my prices, and the quantities in which I sell my products are going to look very different than everyone else's. Ultimately, the decision is yours, and how you want your business to work for you.

@@AdrianasPaperCrafts Thank you 😊

The design fee for me was just a personal preference. A lot of people just pick a number and go with it. So often it's like $15, $20, $25. For me, because my whole business was built on being affordable for the average mom, my design fee has always been super cheap. I suggest coming up with a number that you personally would be willing to pay for stuff, as well as what your target audience can afford.

Sammyah, I get what you're saying. Over here, the market price per custom chip bag is between $2-$4 each. A lot of people tend to hop onto Etsy and just charge whatever they see there on Etsy, regardless of quality or anything like that. I hate that thought. I calculate all my time and supplies, and then factor in market prices. But thats how I am able to keep my prices cheap, compared to other shops that charge $3.50-$4 per custom chip bag. Every places market prices will be different, so definitely always go by not only what you feel comfortable with, but what you're customers will be comfortable with as well.

There are always going to be those people out there who will say/do whatever it takes to get something as close to free as possible. Just set your prices, and stick to them. Make sure your prices are evident so that you have less chances for people to be "surprised" with your prices.

@@AdrianasPaperCrafts thank you!

I personally charge a one time design fee for new themes only. So all themes I did on my own, or in the past, I don't charge a design fee, I simply charge the cost of supplies. So that part would be up to you if you'd like to charge a design fee on top of the cost, but like I said, I don't. Your price seems perfect for 12 coloring books.

Join my Facebook group. There's a ton of crafters who have made up their price sheets, so you could definitely get some inspo there.

Even though she's providing the files, you still need to use the method in this video. Because you are the one who needs to provide the supplies. Anything she is providing, you just don't add that cost in. After calculating all the supplies, at the end, add on a work fee as well. For instance, if you believe it will take you 3 hours to do everything, and you'd like to pay yourself $11 and hour (or more), then add that on. It's then up to the customer if they want to pay that or not.

So you'll hear me mention in the video that I am calculating the cost of JUST the supplies, without the chips, but then, towards the end, I add on the cost of the chips for when a customer requests to have them already pre-filled and sealed.

I get asked that alot, so I actually wrote a whole blog post about it: adrianaspapercrafts.com/blogs/faqs/which-printers-do-i-have

But if you need to, you can always reach me by email: adrianaspapercrafts@gmail.com

At that point, you have to calculate your time. What is your time worth to you?

@@AdrianasPaperCrafts My time worth a lot because I have to take my time doing it.

I hope this video helps! You'll definitely need to be factoring in an hourly wage for balloon set up.

Okay, so what I would is: Step 1) Calculate cost of all ink bottles all together, so if you have 4 bottles, it would come out to about $60. Step 2) Take the median average of the sheets per color, so 6,000 sheets. Step 3) Then divide the ink cost, by the sheets. So 60 ÷ 6,000 = .01 cents per sheet. That's the cost of ink per sheet. Now, you have to figure out the cost per sheet of paper. Step 1) Divide the cost of a pack of paper by the amount of sheets it comes with. For example, a pack of Pen & Gear copy paper from Walmart is $10.05 after taxes here in TX. It comes with 300 sheets. So, I would do $10.05 ÷ 300 = .03 cents per sheet. So that means, you are spending (.03 cents + .01 cents) .04 cents to print something on your computer. That is SUPER cheap isn't it?! However, I do want to warn you, almost all printer specifications SAY that they can print thousands of sheets before the ink runs out, but in real life, you realize that that isn't the case. So..after you've owned your printer for a while, and have gotten to know it better, you may need to redo the math so that it more accurately portrays the reality of YOUR printer.

@@AdrianasPaperCrafts thank you honey so much I appreciate you so much

I offer both options. But in this example, I am discussing the example price of just the wrappers.

I'm not sure I understand what you mean.

@@AdrianasPaperCrafts I mean like when you were showing the hp ink how do you add that to when you do videos

So I don't recommend thinking so small. So dont think of what to save per item, or per order. Think of how much to save out of every 2 weeks worth of income, or a month's worth of income. I personally don't stick to a specific amount that "pay" myself because I'm a good saver. I really don't spend my money unless it's on bills, or more work supplies, so you've got to figure out how much you expect to be paid every 2 weeks, or how much you expect yourself to be saving/investing back in the business.

@@AdrianasPaperCrafts thank you so much ! I honestly don’t even mind saving it all . I was just wondering if maybe I should . It makes sense to pay myself a small portion back every month .

Correct. I add in the price of the actual snacks AFTER I do all the math on the supplies though, just to be sure. But yes. Also a good tip, start saving all your different prices so that little by little you'll start memorizing how much your supplies cost you.

Hi I'm wondering why when I make my labels the color's mudged what am I doing wrong Or my hands be black when I'm finished putting them together Is it supposed to do that or am I doing something wrong cause I use a glossy paper but it smudges

Hey there, If your ink is smudging to the point that it's messing up your design, then it means your ink/printer is not compatible with the paper. If the design is NOT messed up, but you notice a bit of color on your hands after assembling them, then that's normal.

I'm actually one of the few people out there who don't offer "packages". My reason is because I already strive to offer the lowest possible prices for my items, so "discounts" and such don't exist in my shop because I'm already given them the lowest prices. However, if you really do want to offer packages, it would be more about what you feel comfortable earning, as well as, what "discount" or "offer" can you offer that looks enticing enough to a customer that it would make them want to buy that package.

$2.50 for just the wrappers.

It really depends what you're okay with, and how long it takes you to design stuff. Personally, I can take a while to design something, but I also know I can then sell that design over and over and over again, so I only charge $15 for a design fee.

When I first heard about them, they had been popular for a year already! I thought the first person to ask me about them was crazy! Lol

I mention in the video that it's just the materials, not the snack, but that if you choose to include the snack, you would then add that price into your math.

@@AdrianasPaperCrafts i really appreciate that you are helping us beginners out. what plan of photoshop do you have (or do i need to start off)?

I Have the photography plan that is $10 a month I believe.

They get an option between the 2. It's whatever they decide.

I have chosen to keep my chip bag wrappers at $2.50 each. I will say though, people prefer the printable files these days more.

Pppssshhh omg never!

It comes down to how much you want to get paid vs how long it takes you to come up with a new design. Kind of like setting up a minimum wage for yourself. I can come up with a design in about half an hour, to an hour. So my new design fee is $15. I no longer charge a design fee on themes I have already created since all I'm doing is changing the text on my designs when a customer orders something.

Yes, IF you include the chips, you would need to do that. I do not personally provide the snacks.

Yes! Lol that is the cheapest ink subscription from HP Instant Ink. It is compatible with most HP Inkjet printers. You should check it out!

I have an Epson & Canon! How can I find out the subscription? Do I just go online? lol

@@brookemoody879 HP has it not sure about those others. Yes HP instant ink is the greatest

For Epson and Canon, I actually recommend using inkjets.com ink cartridges. That's what I use now that I have gotten rid of my HP printer. Each cartridge is between $2-$4, so I love it.