With less than 2 weeks until show time, it’s time to start figuring out how we are going to price and label our treasures. To help use up some of those free business cards we ordered at vistaprint.com, we will use them as tags for our larger items. The smaller items will get tags using standard stick-on mailing labels.
According to most of the people we have talked to, eBay is the standard for getting the market value of most pieces. The vintage section of etsy is also useful. However, the prices can vary quite a bit depending on the condition of the item and how badly the seller wants to get rid of it. But at least you can get a general idea of how to price an item from these sites. For our painted furniture, barn Sales and antique stores that we visit are a good source of prices.
Our biggest challenge are the items that are hard to find for sale online or locally, such as hotel silver. That makes it rare and valuable, right??
Of course, no one wants to pay the price we put on an item – half the fun of markets is bargaining. So we needed a way for us to know what we paid for an item on the label itself. Searching the internet for ideas, we decided to use a system common in pawn and antique stores. The original cost is encoded using a 10-character word. The work cannot have any repeating letters, and each letter is assigned the numbers 0-9. For example, using the word PAINTBRUSH, 0=”P”, 1=”A”, 2=”I”, etc. So an item that cost $47 would be coded as “TU”. Hopefully we will never have to sell an item below the coded original cost.
We put 3 pieces of information on each label – a unique item id (to help us find it in our inventory spreadsheed), the asking price, and the coded cost. Here is an example of a cute little side table we just finished with its price tag.
As you can see, a lot of thought goes into those price tags you see in the stores. Next time you are in an antique or pawn store, see if you can decode their 10-character code word…
We also worked on our matching white Semper Stylish t-shirts (and extra tank top) for Luckett’s yesterday – using our trusty Cameo Silhouette to cut a stencil that matches our sign.
Thanks for joining us on our journet to Luckett’s – only 9 days to go!