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Cutting for Business readers are in for a treat today, because Jamie stopped in from Craft Chameleon (formerly Punch Place Plus). I’m turning it over to Jamie:
Hi everyone, Jamie here. Let’s talk vinyl scraps today! I don’t know if it was my grandmothers’ influence, living through The Great Depression, or what but it’s tremendously hard for me to throw away small pieces of unused vinyl. Whether Granny or genetics was the cause, the effect is this list of 10 low cost items from Craft Chameleon to use with those vinyl scraps. Read on to see how you can turn your small scraps into big profits!
Please note the figures below show only ‘Gross Profits’. This means it does not take into account the following items: wear and tear on equipment, labor, shipping, selling expenses, rent, inventory expenses, interest charges, and other expenses your business might incur.
Now let’s make Granny proud and use up our scraps!
1) Post Earrings
Scrap size needed: 1” x 2”
Cost of Earrings $.60/pair to $.89/pair (without shipping)
Selling Price: $5 to $12 per pair
Gross Profit: $4.40 to $11.11
2) Dangle Earrings
Scrap size needed: 1.5” x 2.5”
3) Charm Bracelet
Scrap size needed: 1.75” x 1.75”
Cost of bracelet and components: Bangle $.55, acrylic charm $.34, 3 Side Cut Oval Jump Rings $.12, 1.5” Tassel $.23, crown charm $.43 (without shipping)
Selling Price: $6.00 to $12 per bracelet
Gross Profit*: $4.33 to $10.33
Scrap size needed: 2” x 2.5”
5) Ring Dish
Scrap size needed: 2.5” x 2.5”
Cost of Square Ring Dish: $2.12 each with shipping ($1.06 without shipping but these are heavy so doubling the cost)
Sales Price: $7.50 to $12.00
Gross Profit: $5.38 to $9.88
6) Glass Bottle Stopper
Scrap size needed: 2” x 2.5”
Cost of Stopper: $2.15 (without shipping)
Sales Price: $7 to $15
Gross Profit: $4.85 to $12.85
7) Bag Tags
Scrap size needed: 2.5 x 3.5”
Scrap size needed: 3” x 3”
Cost of Components: 2” Glitter (1 side) Circle $.65, Ball chain included (without shipping) Ribbon Scrap Optional $0
Selling Price: $3.50 to $8.50
Gross Profit: $2.85 to $7.85
Scrap size needed: 1“ x 1”
Cost of Ring: $.94 Adjustable Wideband Ring (without shipping)
Sales Price: $5.00 to $10.00
Gross Profit: $4.06 to $9.06
10) Pony Tail Cuffs
Scrap size needed: 1.5” x 2”
Cost of Cuff: $.95 (without shipping)
Selling Price: $5.00 – $6.00
Gross Profit: $4.05 to $5.05
Now I have some questions for you: Have you seen anything that you could cut from your small scraps? What would the price point be in your area? What would your gross profit be? Better yet what would your Net Profit be? Did this set your creativity in motion and give you ideas for other scrap busting projects?
Wow, a huge thanks to Jamie for stopping in and sharing so many ideas with Cutting for Business readers today. I guess I need to go pull out my scrap box and get to work.
Don’t forget to save this to Pinterest so that you’ll have all of Jamie’s links when you get ready to start creating: