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Re: Fundraising
Always account for the labor. Time is money. If it takes an hour you have to put a price to that along with the cost of materials. Typically you would mark up the cost of materials also. So materials per one unit plus a percent increase plus labor per one unit equals retail price. If you can live with $5.00 per hour consider that its way below min. wage. Two very important things to know about retail sales are
1- It is usually a bad idea to give something away for free. People will assume it has now value.
2- An item is worth what someone is willing to pay for it. Not what you think it is worth. So if someone will pay a high price for it take it. But if the price is to high don't lower it past the point of no profit.
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