Tag Archives: Quilting as a Business

How Much Does It Cost?

Two things quilters often hear are “how long did it take you?” and “you should sell those!” Of course, the two thoughts are related, as we often place value on things (consciously or not) based on how long they take. What is the value of having your furnace repaired? Do you determine that based on how long it took the furnace tech to fix it, or on whether or not your home gets increasingly colder?

Time has value, and expertise has value.

I’m in a Facebook group focused on longarm quilting. The members range from experienced professionals to raw rookies, quilting for their own pleasure. From both ends of the spectrum, questions arise about how to value their work. Recently a member asked how to price a queen-sized quilt, which someone had asked her to make as a commission. Another member suggested using a simple formula of charging three times the cost of materials. In other words, if materials cost $100, you should charge $300 for the quilt.

Let’s do that math and see how that works out.

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