Originally Posted by sc magnolia
I also am putting together a spreadsheet to keep track of materials that I purchase and the profits made in the end. I don't remember the formulas for getting spreadsheets to perform calculations, so I'll have to look them up. I'd like the column of material purchases to add a running total, and then I'd like the column for sales to subtract the materials total to indicate the final profit. I'll so some research and play around with it. If I can get it to work out in real life the way it does in my head, I'll share it with y'all.
I made more cloth bags for card sets this morning and last night I made a carrier for cups of Snowman Soup. Pics are on my blog if you'd like to see. It seems kinda funny to post pics here when I already have them posted somewhere ya know?
Your blog has so many good ideas. Your items look fabulous!
I calculate my product costs as I go along. I keep cardstock and papers for which I have paid 30cents or less in a separate pile earmarked as "safe" for craft sale use. Then, when I am using them up, I know the cost for each sheet is no more then 30 cents. When I buy things throughout the year which planning for craft sale use, I write the cost of item on package in Sharpie, write the items bought on a runnign list in a notebook, and store in my craft sale supply storage boxes.
These techniques make it so much easier to tally the cost of an item as I make it. My hubby says the best pricing scheme is to double your costs, then double that amount again to come up with a good retail amount.
I was able to pay some of my tuition last year with proceeds.
This system has taken me about 2 years to perfect. After craft sale season, I keep about $500 at home so I can use it throughout the year for supplies. I bought myself my sizzix bigshot the first year, and this past year bought a cricut (which I have yet to use).