etsy

13 Unique Price Tags For Retail

Whether you like to DIY or buy ready-made tags, using unique price tags can be a simple way to inject some personality into one of the simplest and most common customer experiences—checking the price. Your inventory deserves only the best to help it fly off the shelves. And if you're interested in learning a bit more about some pricing strategies for those new tags, Kiss Metrics put together a post on psychology of pricing that is quite interesting. Now... tag—you're it!

jewelry tags

1. Mini Jewelry Circle Price Tags (via Tag My Stuff): $7.69 for 200 tags

star tag

2. Star Tags (via EliseBlue): $4 for 50 tags

blue tag

3. Swirling Blue Tags (via KAPARA): $3.50 for 50 tags

chalk tag

4. Chalk Wooden Mini Tags (via britishislesartworks): $9.95 for 100 tags

painted-colorblock-tags

5. Painted Neon Colorblock Tags (via Paper & Stitch): DIY

paint chip tags

6. Upcycled Paint Chip Tags (via looneyjoontees)

wallpaper tag

7. Shabby Chic Tags (via PolkaDotInvites): $15.95 for 30 tags

handmade

8. Handmade With Love Tags (via seasprout): $4 for 20 tags

price tag stamps

9. Price Tag Stamps (via brownpigeon): $5.95 for a set of four stamps

admit one

10. Carnival Gift Tags (via perfectpackage): $6 for 20 tags

tags

11. Neon Tags with Twine (via Knot & Bow): $20 for 3o tags and baker's twine

neon stickers

12. Neon Heart Stickers (via Knot & Bow): $12 for 144 stickers

kc printables

13. Geo Tag Printables (via KCPrintables): $3 for printable files

Inspired to change up your tags? Let us know if you have any other ideas to share!

How To Price Handmade Goods

Every business owner out there sells something or other, but then there are the makers. At Shopventory, we're lucky enough to have clients all over the world who are truly makers—of everything from watches to screen-printed art. When you work your behind off to create something truly one-of-a-kind—how do you possibly put a price tag on that special handmade product? How to price handmade goods

To price this tricky (but amazing) type of inventory, try this simple formula from Etsy:

Materials + Labor + Expenses + Profit = Wholesale x 2 = Retail

The Breakdown:

Materials: Include all your most insignificant materials, packaging, shipping, etc. for each item. It adds up!

Labor: What would you (or do you) charge per hour? Multiply your hourly rate by the hours it takes to create each item for your labor cost.

Expenses: Include studio rental, utilities, repairs, web hosting, office supplies, product donations, promotional materials, advertising, meetings with wholesale clients, gas to deliver products, processing fees for PayPal Here or Square, and every other cost to run your business. Divide those monthly costs by the number of items you sell each month (or plan to sell) for your expenses/item cost.

Profit: How much profit would you like to make on this product? Be honest. Don't be stingy with yourself.

Add the above up to get your wholesale price. Multiply that by two for your retail price. Easy-peasy.

Other considerations:

Higher prices can either turn customers off or turn them on. Your packaging, branding, quality of work and price will determine the perceived value of your goods. Pricing your products too low can make your customers question the value, so try to find a happy medium. When in doubt, estimate a little high. MAKE zine cites a the owner of a wedding stationary shop that raised her prices in order to focus on what she thought would be fewer clients. Instead, pricing herself as the most sought-after designer in town made her the most sought-after designer in town.

Is your craft your full-time job? Do you want it to be? Here's where that old saying comes in: Dress for the job you want, not the job you have. Price for the business your want, not the business you have. Yes, you might still be sending dozens of free lotion samples to beauty bloggers to generate buzz and build your client base, but it also means that you are confident enough in the quality of your products that you will charge your friend's cousin's dentist full price.