I bought this cute pattern from LQS. It is made from 2 FQ's. Thought it might be something cute to make and a friend said she could sell them at craft shows (but we didn't discuss price yet).
I figured the cost to make as follows:
2 FQ's: 2.50
Binding: 2.00
Batting: .50
At this point, I'm at $5 in cost. If I make handles from the FQ material there is no additional cost but I would have to piece them. For my first one I bought some chain from the hardware store and it cost me over $6 for 3 feet (it was brass). I wove fabric between the chain links (that was a chore). Now I have to buy velcro to sew on for closures and then 2 buttons.
I am stuck because I don't know how to price them. My first one I would probably charge $20-$25 (depending on the buttons) and there is no way I would pay that if I were a customer. I'll just enjoy using this first one myself.
So, if I use buttons from my collection and just add the price of velcro, I'm guessing $12-$15. I can't post pics of the bag/purse now but will tomorrow. Too dark to take pictures.
I'm wondering how to figure out pricing.