I picked up knitting again after decades of not thinking about it because a friend and I decided we 'needed' to have a knitting group at church. There was no mission component or selling component; we were just knitting.
Then we had all this stuff and had to decide what to do with it - so the selling and the mission parts came in. This, of course, required the need to purchase more yarn.
I cannot wrap my mind around paying $12 for a skein of yarn. I've seen it. I've even touched it. I have trouble getting my mind around $10 for a skein of yarn. It could be because most of the knitting I do is for sale or to give away and the more expensive the yarn, the more care it requires. The items we give away need to have a wash and wear care tag because a lot of them are given to the homeless, who don't carry Wool-Lite with them and may not be able to launder it for a while.
Or they are given to people who are shut in who also don't have the inclination to 'lay it flat to dry'.
We price our items according to the yarn we use. (I have the task of pricing items for our sales) and we do not charge for the labor because that's the fun part and the reason we come together. The gathering is the mission - the items we create are an extension and the fruits of the mission. So we don't charge for the coming together or knitting when we're alone because we are connected through the group. So, I charge by finding out what yarn people have used and calculating from there the cost to make another blanket, hat, etc. plus and additional cost to help pay it forward and donate items to others.
A couple of things happen: some really labor intensive item can sell for a really inexpensive price because though the pattern was complicated, the knitter used yarn that was only $2.50 a skein. (Believe me, I've had this discussion with knitters who've said: "But it was a complicated pattern!" to which I have responded: "And that's your reward!")
We also get some rather expensive items. Use 12 skeins of Lion Brand Wool-Ease Thick and Quick and the lowest price charged for an afghan is $110. We have items like that and they are beautiful and we can display them as high end items. Whether they will sell at the last show of the year remains to be seen. If they do not sell, we will have to reduce the price, of course, so someone will want to walk away with it by the end of the week. You can see the $110 afghan here.
I was in Hobby Lobby the other day and was looking for a yarn that had slubs and bumps and I found one. It was so soft and so pretty and had about 90 yarns to the skein and I figured I would need maybe 8 or so to do a shawl. I looked at the price -$11.95. Put it back. Sigh.
Is there something wrong with me? I just can't see it.