Hourly rate.

Week 31 = Worth of Your Knitting
Day 4 = August 2, 2014


     If you choose to charge for your knit item, one option is to charge per hour of knitting. A per hour rate allows you to charge a specific amount per item.


     Say you charge $20 per hour of knitting. If you are knitting an easy hat and get it done in 2 hours, that is $40 plus materials (as I stated Thursday).

www.numei.com

      If you are knitting a scarf, that adds up and you don't even want to consider knitting a blanket for an hourly price.

    There are pros to charging by the hour:

• You have a set price based on hours - no guess work.
• Hours can add up which means a bigger paycheck.
• You have a finite deadline.

     There are cons to charging by the hour:

• You really need to have a good idea of how quickly you knit to give an accurate quote.
• Needing the guts to tell someone that the sweater they want will cost more that their house payment can be a little intimidating.

     Basically all you need to know/show is the following:

• You have confidence in your work and skill.
• You and your time are worth it.
• Someone will be outrageous and ask for the sweater, so be prepared to put your knitting where your mouth is.
  

~~~

For today's Knitting Question of the Day,

go to Savery Knitting on Facebook.

Hourly Knitting,

Victoria