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Pricing a Prototype


#1

Dear Orchidians,

I have a client who came to me with a design. I fabricated a
prototype and had multiples cast. The client will now make these
pieces into necklaces and earrings and wholesale them.

How much can/should I make on each piece? How much on silver? Gold?

The pieces cost me approximately $7 in silver and $48 in gold.

Thanks in advance for your replies.

Munya Avigail Upin
Designer/Metalsmith
@Munya_Avigail_Upin


#2

Munya,

There are a number of things to take into consideration; how much
time did it take to make the prototype and what is your labor charge?
Do you do the finishing on the castings? How much is a reasonable
profit on the castings? Also, don’t forget to add in a percent for
your overhead, rent, insurance, etc. These are real costs that are
easily forgotten when pricing things.

Joel
Joel Schwalb
www.schwalbstudio.com